Cuba: Not Yet Ready For Change
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  • … partly because a larger group of Cubans fear that Cuban Americans will simply descend en masse and repurchase the island end to end.

    I have absolutely no doubt this will happen, if real estate is privatized and foreign investment reopened.

    Not necessarily just former Cubans, either; I would love to own a building on the Malecon … I wonder how much those ruined, but picturesque buildings would sell for. Oceanfront property on Flagler Drive in West Palm Beach is valued in the low millions even after the current real estate recession …

    A free economy would rip all those old relics down and replace them with 40 story high rise buildings faster than you can blink (see Miami for examples). But that would ruin the deep character that makes Cuba so attractive as a place to visit.

    It will definitely be interesting to see how a (hopefully) freer government and people will handle this.

    D

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