Thread: margarita isle
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  #36  
Old 09-06-2008, 01:49 AM
Pharaoh Pharaoh is offline
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Join Date: Jun 2008
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You claim "As far as selling property, the market is almost completely Venezuelan. If you have a property that a Venezuelan would want at a reasonable price, it sells very quickly. In other words, the closer it is to Sambil Mall, the better. With all the money the government is pumping into the lower economic classes, the businessmen in this country are getting rich. They're buying property, and Margarita Island is always considered a good investment location."

HAHAHAHAHAHA....you just said it......"If you have a property that a Venezuelan would want at a reasonable price".....so Joe Blow buys a nice unit for say $200,000, naturally when selling it he would like a healthy profit........not gonna happen is it ? I have seen units for sale for years and years and years....not because they are in bad areas, but overpriced to begin with and in 20 yr + buildings.

Margarita is NOT A GOOD place to invest........end of !!!!
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