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Updated almost 11 years ago,
Continue investing when people is leaving?
I'm already investing successfully with positive cash flow in Real Estate with no vacancy rate in all my properties, but I have a concern, people are leaving this island (Puerto Rico, the Detroit of the Caribbean) at historical levels, we have been in recession since 2006, we have a 87 billion debt and there's no jobs. I don't want to feel like I'm rich in Haiti. I had to lower the rent to stay competitive with the competition, I know some landlords that are selling their houses because of the negative cashflow & vacancy rate & I want to be proactive, What should I do, buy, sell.... I can't find good deals here and I don't trust my area, in my opinion quite overpriced. .
P.S Either way I'm gonna move soon.
http://qz.com/164317/the-scary-thing-about-puerto-ricos-population-its-leaving-the-island-for-good/
http://online.wsj.com/news/articles/SB10001424052702304173704579262390542968318 http://america.aljazeera.com/watch/shows/the-stream/the-latest/2014/1/24/puerto-rico-the-nextdebtcrisis.html