It's a good move because the reasons that are stated and also because in my opinion Puerto Rico will become like Hawaii. A major tourist vacation destination and very expensive. Now and soon is and will be the time to buy while prices are low and land available. I believe Puerto Rico will be made over and secured in the near future.
RE: I'm Moving to Paradise on Jan 1 and Will Legally Pay No Tax on Cryptocurrency Gains! True Story!
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I'm Moving to Paradise on Jan 1 and Will Legally Pay No Tax on Cryptocurrency Gains! True Story!
Wasn't Puerto Rico just filing for statehood in the USA recently though? Am I wrong on that? They are about to go bankrupt. Maybe be careful about moving there! https://www.bing.com/search?q=puerto+rico+bankrupt&form=U217DF&pc=U217
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Puerto Rico is bankrupt or is close to it. Best time to move is when others are panicking and selling.
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Puerto Rico recently voted in a referendum for US statehood, but there are a lot more hurdles for it to actually happen. http://thehill.com/blogs/congress-blog/politics/337751-puerto-rico-statehood-bid-a-total-failure
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I think your right on the money, real estate is really inexpensive right now for an Island destination, and the tax benefits are huge. I'm going to head down and take a look at some property. Might not move there just yet, but sounds like a great investment for the future.
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