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2018-11-20 — sovereignman.com
I do expect to see real estate prices come down dramatically on the island, just as I do in the mainland and other parts of the world like Hong Kong and Australia.
Puerto Rico is battling a 10-year economic depression at a time when the global economy is poised for a downturn. Banks here are sitting on a lot of bad loans already that they haven't been able to liquidate due to a moratorium on foreclosures. Once they start doing so, I think there's going to be a substantial drop in real estate prices. source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |