The Caribbean

[Aaron Moore]

Hi New user here

Wanted to find out if anyone has invested into areas overseas. A friend of mine recently bought a plot of land in The Caymans and keen to find out if he got a good deal.

[David Krulac]

Aaron Moore

Just got back from extended time in Caymans. Very nice temps high in 80s, low in 70s. And next to no rain. The real estate prices that I saw, which may or may not be representative seems to be fairly reasonable when compared to other Carribean Islands.

Several advantages to Cayman are that:

1. Its only 400 miles from Miami.
2. There are many flights on big planes to Cayman, unlike some other islands.
3. English is spoken by everybody.
4. The Cayman dollar is stronger than the USD, and $1 USD is only worth $0.80 cents Cayman.
5. There is a strong banking system there, banks are one of the largest if not the largest industry on Cayman. There are over 220 different banks in Cayman.
6. The riches man on Cayman is an American.
7. Tourist there seem to be mostly American, Canadian and British, though I did run into some Chinese and Japanese.
8. American dollars are widely accepted, though change is often made in Cayman currency.
9. There is no Capital Gains Taxes in Cayman
10. There is NO REAL ESTATE TAXES in Cayman

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