Quote:
Originally Posted by lendaddy
Belize does allow foreign ownership....for now  Which is another question I told him to get answered. Just how stable is the government there? I mean today's laws won't mean jack if they get a gov that decides they they want to absorb foreign assets. Didn't Columbia do that in the 80's? |
Exactly. I looked at the Dominican Republic to buy ocean front property. One can buy there (cheap) and live there indefinitely as an American citizen - no residency required. However, you can see Haiti from the beach I was on. Had to wonder how stable my investment would be. I decided not to.
Rent is cheap in a lot of warm climates. I would do that and invest my money in something more solid, like GM.