Puerto Rico Defaults

[Chris Seveney]

I have read in the past of individuals interested in investing in Puerto Rico due to its current affordability. I am curious as to the opinions of others on this topic. My personal opinion is I would not invest in Puerto Rico as the debt will need to come from somewhere, and I see it coming from higher taxes. Also to contribute to that point is the economy there is not strong and islanders are leaving (in large quantities) to the mainland.

Curious as to other peoples thoughts?

[Account Closed]

We bought an ocean view three bedroom two bath condo in a boutique building next to the Ritz Carlton for a super cheap price.  the owner was willing to carry the contract with a balloon in  three years.  I would recommend PR to anyone wanting to get the buy of a lifetime.  PR is what Hawaii was in the 60's and what Mexico was in the 70's.  I have met so many NYers who are taking their pensions and living like kings in the beautiful carribean.

I could use some tax help because I am not a resident and I have considerable rental income from the condo