Steamboat Bill

With the announcement that Cuban President Fidel Castro had officially resigned power, which Destination Club will be the first to buy property in Cuba?

3DH

...I hope it's not LUSSO. Even with that kind of news, I don't think Cuba is on my most wanted travel list!

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"Boutique" is better! Another extremely satisfied LUSSO member!

Tedpilot

Cuba is suppose to be a pretty nice place to enjoy. If they do manage to convert to a government that we're OK with then it will only be then that any DC would dare venture into the unknown. Having said that, it would be years before any of them take the plunge...too risky. Hopefully Cuba will accept capital input and tourism from the US and eventually become yet another warm playground for us all to enjoy.

TravelGuy

There are too many beautiful beach resorts in that part of the world without the inherent issues of Cuba for a DC to consider the risk of purchasing property there.

Steamboat Bill

I think any DC that wants to get a ton of press should immediately purchase a home in Cuba the second the US drops the embargo.

This would be HUGE news when it happens and there are a TON of Cuban-Americans that want to visit and own property down there. The prices will probably be very attractive at first and immediately skyrocket.

Remember what happened to Hong Kong in 1997 vs now.

3DH

Bill, you're really reaching out on a limb with that one! (I believe you may have already fallen and hit your head, actually!)

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"Boutique" is better! Another extremely satisfied LUSSO member!

Steamboat Bill

Perhaps....but just imagine the press they could get and I would love to visit Cuba. Many people in Florida would consider joining a DC just to use a nice property in Cuba.

GregGH

Hi Bill

Wonder if the guys from M Residence watch this forum -- being a Cdn company they can buy a location in Cuba now.

We gets a fair number of Americans coming to Canada to fly to Cuba - saw an article on why Cdn air carriers didn't want to release names of passengers as US Gov. could use to find US citizens enjoying the beaches in Cuba

Greg

Steamboat Bill

I think any non-US club could buy there. Yes, it may be a risky purchase, but this island has been frozen in time for many years.

Many people don't realize Cuba is larger than Florida.

Steamboat Bill

Has anyone here been to Cuba recently or know anyone who has?

I researched this topic briefly and have I a desire to visit, but I also have no desire to be fined or thrown in jail.

LTTravel

My cousin who is a Canadian Citizen has been several times and has loved it. I don't know any US Citizens who have been.

Very Generous One

In answer to your question-Hell no! They don't exactly welcome outside capital-sort of the point of communism.

It's very difficult for US Citizens to travel there-even if they have family still there-think it's one trip every three years if you have family there. Absent your having family you need to get a cultural visa to visit there which is pretty hard. If you have a second passport-you can fly directly there from Mexico or Canada. Food is supposed to be outstanding-but the ravages of communism are very evident everywhere you go. Weather is great-but everything is ancient like the 1955 Chevy's you see on the street.

Americans visit Cuba legally--and illegally

Travel to Cuba by US Citizens

3DH

Gotta love your honesty, Very Generous One

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"Boutique" is better! Another extremely satisfied LUSSO member!

LTTravel

I would tend to disagree. I think that they would take capital from anywhere if it was willing to be given. The hotels are mostly built by Germans(as my cousing told me, who has been several times) and they seem to welcome the visitors from Canada, Carribean and Europe.

ChicagoMark

Key word there-is, given. There are large restrictions on foreign investment there especially anywhere near the water-let's face if you can't be on the water on the Island-what's the point. Given the lack of a UCC (Uniform Commercial Code) set of laws that clearly protect property rights-sort of hard to buy into anything there-especially when your rights can't be enforced. Do agree that it is a very interesting location going forward-but until there is regime change there-not something that any but the most daring consider pursuing.

Kagehitokiri

adding to comments from ChicagoMark and Very Generous One >

capriciousness is a term ive seen used in government stability discussions and indexes.

look at hugo chavez's recent nationalization of all sorts of industries.

whoami6510

Howdy all for my first post,

As a Canadian who has been to Cuba several times, let me tell you it is beautiful. The people are super friendly the climate great and the food is very good. Don't want to get in a debate but yes as in the previous post you can see the poverty, they do not get paid well. Funny though, they are more than willing to take you into their homes and become friends, never asking for anything in return. The resorts pay the best I believe about $50 a month, tips are very welcome.
I believe the hotels enter into an agreement with the government, each own 1/2 of the resort and equally benefit from the revenue. You can research it on the internet.

Oh yeah, for car buffs, it is a step back in time.

pete

kddpac

Welcome to the forum whoami6510!