It's going to take a lot of SUVs
[QUOTE=Jaosousa; 1105649]A toda la noche (all nighter) in Sosua is from 2, 500 pesos (appx. $69US) to 3500 pesos (appx $97US). I paid for dinner for 4 people at Baileys Restaurant in Sosua years ago, with a bottle of red wine from Chile, Casillero del Diablo, not expensive wine and the bill for dinner and wine was over $100US. If we wanted to smoke some nice cigars at dinner and drink some fine cognac, I could easily have spent over $200US.
You can visit the Sea Horse Ranch page in Russian:
[url]http://www.sea-horse-ranch.com/ru/.[/url]
Sea Horse Ranch is less than ten minutes from Sosua. Current Villa prices start at 1/2 million US dollars and go to 4. 8 million dollars. Current villas for sale can be found here:
[url]http://www.sea-horse-ranch.com/eng/sales_all.php[/url]
The Dominican Republic from what I understand puts tariffs on many imported products including cars and trucks. A $50k SUV here in the US may cost $60k or more in DR. Wealthy foreigners in the DR are driving around in expensive vehicles. Do some Russians buy expensive vehicles in DR? Or viking ranges and sub zero refrigerators for their villas? I would guess some do.
A Russian guy just bought the New Jersey Nets basketball team and may soon become the boss of the basketball player Carmelo Anthony. Russians are making a ton of money selling oil, petrodollars, and the treasury of the Russian government is not being drained by foreign entanglements.
The biggest scammer in history is a guy who was born in New York City named Madoff.
That said, I do not believe in trickle down economics. Prostitutes are independent contractors and should be allowed to ply their trade. The Dominican Government prefers the big time spenders because there are more opportunities to tax and collect revenues from people who buy homes, expensive cars, eat in expensive restaurants etc.
There are many Germans, Italians, British, Dutch people in DR. Many guys travel from the west coast of the United States to visit the DR. Many people like the vibe in DR. A rich Russian may like the vibe in the DR and decide to buy a villa. Rich Americans have bought villas in Central and South America as well as in far away Thailand. If a person likes a place, travel distance is but one factor. [/QUOTE]Actually I'm getting sick of this. It dosen't matter how many times I've been to Sosua and I have been there quite a few. But I have delt with these situations. A bunch of Russians or any other wealthy people buying real estate or moving to Sosua are not going to change the economy of Sosua. You're right it's trickle down economics. They would have to sell a whole lot of SUV's. Now if they brought business and jobs with them that would be a different story.
But the best they could do is make Sosua a playground for the rich. That isn't going to help the people of Sosua.
Plus for many reason's that is not going to happen.
They can replace P4P. There are people with power and money who could do this. But as selfish as this might seem to think that is going to help the people of Sosua is ridiculous. This has happened in many other places. The town gets screwed, the people get screwed and eventually the rich leave too. For many reasons including it's history, it's location, the area surrounding it, Sosua is not going to be a rich mans playground, and the rich are going to take what they can get and run. This is a sceme as old as you can get.
Sosua vs St Lucia: Different strokes
[QUOTE=DR Monger II; 1105896]For those prices, wouldn't someone spend the money and go to a better island, like St. Lucia or St. Martin?
"Sea Horse Ranch is less than ten minutes from Sosua. Current Villa prices start at 1/2 million US dollars and go to 4. 8 million dollars. Current villas for sale can be found here:"[/QUOTE]I'm not one of the rich and famous, but I can see some advantages that Sosua could have, over more-familiar Caribbean destinations. (Or maybe I should say factors that [i]could be marketed as advantages. [/i])
First up, the Dom Rep is less well-known that these other destinations. You wouldn't be looking for "the rich and famous" at POP. This makes for more privacy, something you'd value if you had enough money & fame to be a target for the paparazzi (or for more formal investigations).
Next, even the rich love a bargain. A house & grounds equivalent to, say, € 4 million in Sea Horse Ranch, might cost more than € 10 million on an equivalent "classy neighborhood" on St. Martin or St. Lucia or wherever; and the land for a "nice and private" place might not be available, on a better-known destination, at any price. The sun is going to be just as warm in the Dom Rep, the pool is going to be as refreshing, and any luxury you could want is going to be just as available, even if there were an added cost of getting it into the country. And there are other bargains, too; I'm sure you can 'buy' an alcalde in the Dom Rep for a lot less than it would cost to get a mayor on St. Martin in your pocket, and the alcalde would be more likely to stay bought.
Then I perceive a "nobody comes here" factor that could help the rich-and-famous slip off the world's radar screens for a while. Though most might perceive Sosua as "the middle of nowheresville," POP is an excellent airport with a 10, 000-foot runway, all-weather capability (what a pilot would call "precision IFR approach aids") , and plenty of ramp space for your private jet or your chartered NetJet. I doubt if Customs would bring you into the main terminal, down the hallway and past the calypso band, if you arrived with your buds and your "secretaries" in a private jet. Then it's a quick heli-taxi flight across the Bay to the landing pad by your island retreat."Kato, call up some beeper-chicas for our guests. And invite the Mayor over for cocktails."
Another thing is the ease of establishing "special naturalization" and qualifying for a Dom Rep passport. Even though they aren't worth much going into Heathrow, Rhein-Main or Dulles airports, they're good at POP and they'd put a blind area into the paper trail. Six months' residency and that nice villa you've built for yourself would qualify you for a second passport, possibly with a change of name to "sound more Dominican". This could be useful to someone who is doing the "perpetual tourist" thing.
The rich-and-famous, I'm sure, play a different game from the average Sosua punter. Someone who's getting one of those million-dollar Sea Horse Ranch villas as a "hideaway" is likely to be playing a different game from you and me, on a much more exclusive table.
AI's and the local economy
To help us sell what we have we also own a travel agency. I can put anyone in the local AI's in PP at the following rates per person per night USD:
Lyfestyles $21. 00.
Iberostar $35. 00.
Gran Ventana $36. 00.
Less than the cost of a chica for an afternoon.
Compare the number of rooms rented on average per day to the number of chicas rented per day.
Subtract the overhead of each.
Who contributes more to the economy per day.
If local money was the only concern for the goverment, the new mayor would be importing women from around the world to work in Sousia.