Quote:
Originally Posted by crucifissio
I am really sorry that your carribean dream turned out like that...
so far I have only researched the DR and if I was to invest here it would be over a local bank and I easily qualify for their financing...I guess a 20 year loan is my best protection against double selling and I will let the bank finance me as much as possible...I do not count on this as an income stream and I will be able to pay off the entire amount easily the whole time or just walk away from it if things turn sour....a new development is that I have found rent so cheap that I question the need to buy anything at all...at this point in time I am just touring...I will not make a decision any time soon...
I have spoken to several expats here and most of them are happy, some are not and they mention the exact same things you do...dominicans are mostly nice people but they will try to "hustle" you any way they can...there is no welfare here so its nothing personal...the police seem to be getting better and less corrupt for the big things, but they are corrupt for small petty shit and probably always will be...I am from the 3rd world myself and I am used to much worse so it wont be a radical adjustment for me in any case...
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if you go to a bank and they tell you about interest and they tell you something like 4% - than donīt get too much exited - they always talk about MONTHLY interest ;-)
loan is a huge business there and you can make a lot and lose a lot.
they call it compra venta because you do not give a simple loan you buy something from the debtor and give him a fixed time and rate to buy it back.
i did that too and my lawyer "bought" houses, cars, land and much more things....and the end of the day not one of this people in the contracts was existing - all just lies....
and no chance to get your money back or sue him.
i had just one real friend there. he was a guy who went quite rich with changing currencies. so he owned a house and a nice car and he worked hard.
one day someone shot him on the way to santo domingo and stole all the money.
they catched the guys (they were his own nephews).
the police got also the money but it never appeared again. it got lost at the police station.
if i compare this time with thailand (where i live since 6 years now also) it is like heaven and hell. thailand is also a corrupt country but you are able to deal with that. DR you will not be able to deal with - no matter what experience you had before.
i was one day in prison there because i was not willing to pay a 500 dollar fine by crossing a red light with my car.
i asked the police guy where this fucking light is (because there was no) - he showed me where is WAS 5 minutes before.
if i would start to write a book about that NOBODY in the fucking world would believe me a single word.