Quote:
Originally Posted by TheSenator
My first big time spending vacation will be Cuba. I plan to spend over 20Gs for a month to live in luxury, fine food and good times.
Can't wait for Obama to lift the embargo.
I also plan to buy real estate in Cuba. I am looking most at commercial ports.
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Ya might want to check your history a bit before ya jump in to real estate in Cuba. Besides being communist, there are some reasons the US has not been on friendlier terms.
This will give ya feel for it:
Law No. 851 gave the president of the Republic and the Prime Minister power to decree joint resolutions to nationalize American properties in Cuba by compulsory expropriation.
Law No. 890 established the Cuba nationalization of companies dealing with sugar, spirits, beverages, soap, perfume, milk products, chemicals, maritime transportation, railway communications, coffee, drugs, etc., irrespective of the owners? nationality.
Law No. 891 declared banking a public function and established the right of reparation for property partners and stockholders of the dissolved and extinct banks. Reparation was to be made effective with a latter payment after the National Bank of Cuba closed banking operations on December 31, 1960.
Law No. 1076 nationalized certain kinds of small retail forms of commerce, also irrespective of former owners? nationality.
Castro came into power in the Late 1950s, he's still around and in power.