| Christmas
& New Year On Margarita Island |
| Tropical
Holiday |
| by Scott Boswell |
| Margarita
Island, Venezuela
The Island
Is Sinking!
No - Not really...but
it’s may be riding a little lower in the water due to the sheer weight
of all the people who have flocked to Margarita Island this holiday
season!
Just as in
most of the rest of the world, the colored lights are strung along the
the major roadways, houses are decorated, and stores are abundantly stocked
in anticipation of the shopping frenzy. |
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| Homes are
repaired, painted, and ‘spruced up’ to be ready for all the visiting
friends and relatives, and parties are everywhere! In my neighborhood alone
one house had 24 cars parked around it!
The island
fills up starting Dec. 10-15 and if you don’t have reservations it is impossible
to find a room or bed. People from the mainland come to vacation, visit
family, and shop here to avoid the 15% taxes charged on the mainland. Stereos,
T.V.’s, appliances, clothes & toys are bought by the basket load.
The real
partying starts Christmas Eve, and it sounds like all hell broke loose!
More like a ‘fire-fight’ than Christmas. Every neighborhood has at least
one “pyromaniac” so fireworks start before dusk and continue until about
4 a.m.
No one gets
much sleep on Christmas Eve. I think the noise would scare hell out of
the reindeer and old St. Nick himself! The fireworks last at least through
January 5th. Christmas Day is fairly quiet, but the day after that don’t
even THINK of going to a store. Every supermarket looks like looters have
hit. Very little is left, so if you are on the island before Christmas
- stock up! |
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| Some shortages
can’t be blamed on consumers - coffee and pork are in short supply
at this writing. President Chavez decided (for whatever reason) that coffee
and pork were too expensive, so he ordered a ceiling put on the price of
these goods - pork is now selling for BS 4,000 a kilo.
The problem
is that coffee and pork are now so cheap that the growers and farmers won’t
work. Consequently there is a shortage throughout Venezuela. It is still
possible to get pork at BS 11,000 black market price. Several months
ago I reported a similar situation with beef. A few weeks after my story
was published a fairer price was negotiated and the stores were full of
Argentinian and Venezuelan beef - usually tough, but still beef.
The most recent
shortage will probably be resolved the same way and nobody seems very concerned
- these are patient people. |
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Offshore
Resources Gallery
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| I wonder what
would happen in the U.S. or Britain if the same thing happened to coffee
or tea? Here most problems seem to either get resolved eventually or accepted
as a fact of life.
As you might
imagine, traffic is also hectic. Many visitors bring their cars over
on the ferry. Driving is usually safe here, but add all those extra cars,
drivers “not from here”, the holiday rush, and it adds up to too many cars,
not enough roads.
To make it
even more interesting, this is the rainy season and there are showers almost
daily. Driving becomes a race with the rain to find a parking space
where you won’t have to wade to the stores. The island isn’t built to dispose
of rainwater rapidly so streets fill up quickly. It usually takes about
20 minutes after the rain stops for the water to subside. The local custom
is - if it looks like it will rain for a while, find the nearest bar and
wait it out. This leaves the roads to the tourists and their creative
driving styles.
Naturally,
rental prices are higher in the season. Bargain rentals don’t exist this
time of year and rates don’t go down until the end of January. |
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| Many people
have written to me asking about long term rentals (2-6 months or more).
I’m not in the long term rental business and really haven’t researched
the market. I suggest that if you are seriously looking for permanent
vacation accomodations, buy a 1 or 2 bedroom apartment and have a rental
manager rent it for you during the times you aren’t using it.
June 15th to
September 15th is ‘high’ season here and if you have a nice furnished property
(doesn’t have to be elegant, just clean and functional) you should be able
to keep it rented and what you earned would cover your maintenance, repairs,
and make a profit. Of course you would have to pay a commission
to the rental agent but you would own the property and be able to use it
when you wished.
Do your research
and get a reliable person to be your rental agent. They are hard to find,
so search carefully. |
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Offshore
Resources Gallery
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| Buying now
and earning income from rental is also a good way to prepare for future
retirement. Prices on real estate are rising rapidly and I believe they
will continue to do so as the country’s economy grows. The local newspaper
recently stated that the hotels were full for the Christmas season
and the economy was at 90% recovery from the depression. This may be political
hype, and I’ve only been here about 3 years so did not experience the worst
of the depression 5-6 years ago, but I’ve personally seen more goods available,
more new businesses, and more tourists every year.
I regret
that I didn’t invest in Margarita Island earlier, but I did arrive
in time to get some very good deals. Compared to other Caribbean Islands,
Mexico, Panama, etc., prices here are still a steal. You won’t find the
best deals on internet real estate sites because they only show the properties
that are the most expensive. My best advice is to come stay for a couple
of weeks, look around and see if the island suits you. If you visit during
the summer months you’ll know if you can stand the climate - it does get
hot and humid.
If you’re seriously
considering retiring, investing, buying or starting a business on Margarita
Island, my company - Caribbean Ventures Consultants, C.A. - is ready
to assist you. We have the knowledge, personal network, and experience
to help you avoid the costly and time-consuming mistakes made by new-comers
who don’t understand the way business is done in Latin America in general
and Margarita Island in particular. Please send SPECIFIC inquiries to retirecaribbean@yahoo.com
For more information
about living and working on a Caribbean island at a pace that won’t kill
you before your time, check out my website www.retirecaribbean.com
To contact
Scott Click Here
The following
is the first article Scott wrote for the magazine:
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Article
Index ~ Venezuela
Index ~ |