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If you can make US money and live in PR, PR all the way.
From my research it seems like gentrification is happening really fast over there. I dislike hearing that as I would like a more authentic experience helping and supporting locals.
With that said PR faces many challenges like their power grid for one. That's huge. I wonder if the checks and balances equal out in the long term just a different patch of grass....still researching.
Also what to do landlocked on an Island ?
The upside is I know Spanish love PR Food and Music and they have a thriving medical cannabis scene.
Have you been there? Do you realize the conditions most of these people live in? Don't plan on finding a job unless you're going with one. The power grid issues are just the tip of the iceberg. If you have a decent place to live, don't have to work and are okay living an island lifestyle on the cheap, go for it. Otherwise, you're going to be in for radical lifestyle challenges.
I have family whose been living down there since the 80's and they are pissed. It seems that there are allot of Americans coming in with lots of money buying up property as summer homes or vacation homes pushing out locals. Its a funny situation because when Puerto Ricans came to NYC it was a similar situation, now their home country is getting the reverse.
PR have some really rough areas, I remember having to help my mom find a generator to ship to family members and send barrels of food to them due to it was getting real bad. This was when the country was going broke and they had to shut down the schools. My cousins are doing better
Its not only PR its also happening in DR as well due to the cost of living is so much less.
I would say its a good move as long as you are stable to live in a good area that have good power lines and roads and you have connections back home to family that can ship you essential things when times are bad. Also knowing the language is a no brainer but know Puerto Rican dialect because they talk fast.
I have family whose been living down there since the 80's and they are pissed. It seems that there are allot of Americans coming in with lots of money buying up property as summer homes or vacation homes pushing out locals. Its a funny situation because when Puerto Ricans came to NYC it was a similar situation, now their home country is getting the reverse.
PR have some really rough areas, I remember having to help my mom find a generator to ship to family members and send barrels of food to them due to it was getting real bad. This was when the country was going broke and they had to shut down the schools. My cousins are doing better
Its not only PR its also happening in DR as well due to the cost of living is so much less.
I would say its a good move as long as you are stable to live in a good area that have good power lines and roads and you have connections back home to family that can ship you essential things when times are bad. Also knowing the language is a no brainer but know Puerto Rican dialect because they talk fast.
Also have a family member who's been living down there for 15 years. Sometimes I think he eats only when the banana tree in his neighbor's yard bears fruit...It's not for the faint of heart.
what happens to the 73 billion dollars worth of muni bond they issued??
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