Above is a picture of me relaxing in a hammock on my grandparent's beautiful property in PR.
If you've been keeping up with news in the US you know that the economy in Puerto Rico has not been doing well; in fact, the island may have to file for bankruptcy. Tons of islanders are fleeing to the US mainland, and many that are staying in the island are seeing their beautiful homes fall into disarray and blight take over their neighborhoods. This is a tragedy, as the people and the island are warm and welcoming - but - is it also an opportunity to do good while making a great investment?
Here is my thinking: Puerto Rico is a US territory. For years Puerto Rican's have been voting on staying a territory, going independent, or becoming a US state. With the economic trauma occurring right now, citizen sentiment has shifted to wanting to become a US state. Puerto Rican's have recently held a vote with the majority of those that voted wanting statehood. If the US accepts this call for statehood, the islands economy would instantly triple overnight, and those that own property in PR would reap the benefits.
Personally, I would love it if PR would become a state for the following reasons:
Hawaii would finally not be the only tropical state in the union, giving island lovers like me another option when deciding where to retire :)
Right now for as little as 20k, you can buy property in PR and sit on it. Imagine the future returns if PR becomes a state and mainlanders decide to move to the island!
I think PR being a US territory is a BS deal, and always has been. These are US citizens without representation. Let's shit or get off the pot!
What do you guys think? Should PR become a state?
Since the island tends to vote heavily Democratic, I can't imagine that Senate Reublicans would be interested in allowing PR to become a state any time soon.
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I know, but it's so short sighted and such a shame. Just another reason to add to the list of why I will never vote for a Republican, ever! Stopping progress at every turn. Smh
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Great post!! My wife and daughter just returned from an extended vacation in PR and they LOVED IT!! It is sad to hear that the citizens are leaving in such high numbers. We have dreams of retiring to a beautiful place like PR and right now it is highest on our list of options. With regard to becoming a state, I would presume paying federal income taxes would follow and I am not sure how well that burden can be shouldered by the hospitable people of PR. As I become more knowledgable of the culture of PR I can better formulate and educated opinion. Until then, the jury is still out on statehood. Again, great post!!
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I'm so glad you loved it! I love it too, and I cannot believe we, the US, would not be jumping at the chance to give US citizens the relief they need. The people are so warm, and the island is small but beautiful. I would definitely consider moving to the island later in life!
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