buy land in puerto rico?

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Submitted by scaredyclassic on September 26, 2017 - 1:24pm

must be some seriously good deals.

is there a puerto rico land etf?

Submitted by DataAgent on September 26, 2017 - 10:55pm.

You could probably buy the whole island of Barbuda for $100.

Submitted by gzz on September 27, 2017 - 8:29am.

The island's working age population has fallen by a third and has the USA's highest share of elderly. It has several times the municipal debt per person than the highest US state, and it looks like Congress will not let it fully default. It is quite possible the cheap land you might buy has negative value because rents will not cover tax and basic upkeep.

Despite being much poorer than the mainland, wages are higher than other islands, making tourism and agricultural uncompetitive.

Submitted by spdrun on September 27, 2017 - 8:51am.

OTOH - it gets the benefits of US citizenship without being robbed blind by Federal taxes.

Submitted by FlyerInHi on September 27, 2017 - 9:16am.

You are independently wealthy, you could live 1/2’year in Puerto Rico.
No capital gains. Pick up a luxury condo/house somewhere.

Submitted by The-Shoveler on September 27, 2017 - 10:06am.

I have been to Puerto Rico several times, Was a great place to vacation (I think it will be also in the future).

Thought about buying a retirement/vacation/rental condo there but never pulled the trigger.

Seemed like a great place to retire (if you like tropical Islands like I do).

Other than a vacation rental or retirement not sure I would want to live there however (maybe why so many working age people leave).

Submitted by FlyerInHi on September 27, 2017 - 12:36pm.

If you're a software developer you can set up shop there, free of Federal income tax.

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