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Economy in Puerto Rico #61664
07/13/2015 09:23 AM
07/13/2015 09:23 AM
Joined: Sep 2002
Posts: 334
Pennsylvania
Bella Offline OP
Traveler
Bella  Offline OP
Traveler
Joined: Sep 2002
Posts: 334
Pennsylvania
so how is everyone feeling about travelling in the near future to Puerto Rico with them maybe going bankcrupt?? How will this effect our stay there, gasoline, food & supplys for everyday use, even money???

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Re: Economy in Puerto Rico [Re: Bella] #61665
07/13/2015 10:26 AM
07/13/2015 10:26 AM
Joined: Dec 2005
Posts: 10,213
GJ, CO S/V Long Overdue
sail2wind Offline
Traveler
sail2wind  Offline
Traveler
Joined: Dec 2005
Posts: 10,213
GJ, CO S/V Long Overdue
it's not Greece. We are going to be in PR in January, never gave it a thought

Re: Economy in Puerto Rico [Re: sail2wind] #61666
07/13/2015 10:29 AM
07/13/2015 10:29 AM
Joined: Oct 2004
Posts: 1,900
St. John, USVI
RickG Offline
Traveler
RickG  Offline
Traveler
Joined: Oct 2004
Posts: 1,900
St. John, USVI
October for us, $USD still accepted.

Cheers, RickG


S/V Echoes, 2003 Beneteau 423
Coral Bay, St. John USVI
Re: Economy in Puerto Rico [Re: RickG] #61667
07/13/2015 10:40 AM
07/13/2015 10:40 AM
Joined: Sep 2002
Posts: 334
Pennsylvania
Bella Offline OP
Traveler
Bella  Offline OP
Traveler
Joined: Sep 2002
Posts: 334
Pennsylvania
we are still going but it is a concern & we know about Greece but also happening in Puerto Rico, was just wondering what you all thought

Re: Economy in Puerto Rico [Re: Bella] #61668
07/15/2015 12:23 PM
07/15/2015 12:23 PM
Joined: Jun 2004
Posts: 6,100
Maryland
Twanger Offline
Traveler
Twanger  Offline
Traveler
Joined: Jun 2004
Posts: 6,100
Maryland
We'll be there in August.

Re: Economy in Puerto Rico [Re: Twanger] #61669
07/15/2015 08:14 PM
07/15/2015 08:14 PM
Joined: Apr 2014
Posts: 1,159
Middle Tennessee
T
TravelHat Offline
Traveler
TravelHat  Offline
Traveler
T
Joined: Apr 2014
Posts: 1,159
Middle Tennessee
I am hoping to score some Real Estate if it gets to the bargain stage.

Re: Economy in Puerto Rico [Re: TravelHat] #61670
07/16/2015 12:10 PM
07/16/2015 12:10 PM
Joined: Jul 2015
Posts: 5
B
beachboy2 Offline
Traveler
beachboy2  Offline
Traveler
B
Joined: Jul 2015
Posts: 5
PR isn't the only Caribbean destination close to bankruptcy. Unfortunately their are several more so if you are worried about it skip the Caribbean all together.

Re: Economy in Puerto Rico [Re: beachboy2] #61671
07/17/2015 10:08 AM
07/17/2015 10:08 AM
Joined: Sep 2002
Posts: 334
Pennsylvania
Bella Offline OP
Traveler
Bella  Offline OP
Traveler
Joined: Sep 2002
Posts: 334
Pennsylvania
Beachboy2.....will never forget the caribbean forever...why that comment?...I had a very good concern & we are still planning on going, was just looking for some thoughts on Puerto Rico, why must people answer that way, if you don't have anything helpful to say to the inital question than don't comment at all

Re: Economy in Puerto Rico [Re: Bella] #61672
07/17/2015 11:06 AM
07/17/2015 11:06 AM
Joined: May 2004
Posts: 1,186
Virginia
Snorkeller Offline
Traveler
Snorkeller  Offline
Traveler
Joined: May 2004
Posts: 1,186
Virginia
Prices theoretically may rise for mainland tourists buying goods and services primarily sold to tourists if increased taxes are part of a new austerity, but prices for local goods and services may fall if cuts in public employee wages and pensions also are part of new austerity. Overall, I think it unlikely that the situation (whether or not Congress lets PR go through a "bankruptcy" process) will have any appreciable negative effect on tourists such as us. If anyone wants to try to find an increased negative, it might be that if the island's economy really collapsed (which I doubt will happen), and people get really desperate, then crime could get worse. We really enjoy going to PR, specifically San Juan - usually to spend a few days before and/or after a cruise and the island's financial troubles in no way will deter us from going.

Re: Economy in Puerto Rico [Re: Snorkeller] #61673
07/17/2015 11:43 AM
07/17/2015 11:43 AM
Joined: Sep 2002
Posts: 334
Pennsylvania
Bella Offline OP
Traveler
Bella  Offline OP
Traveler
Joined: Sep 2002
Posts: 334
Pennsylvania
thank you snorkeller, we were thinking the same way & are continuing with our trip to Luquillo <img src="http://www.traveltalkonline.com/forums/images/graemlins/dine.gif" alt="" />

Re: Economy in Puerto Rico [Re: Bella] #61674
07/26/2015 12:16 AM
07/26/2015 12:16 AM
Joined: Feb 2007
Posts: 391
San Antonio
sumbeach Offline
Traveler
sumbeach  Offline
Traveler
Joined: Feb 2007
Posts: 391
San Antonio
Lived in PR in the early sixties (I know, really dating myself), and have returned numerous times, as late as this last May with some first time visitors. Seems like PR has always been on the brink on some type financial disaster, but they are still going. I think I saw something about the US government saying they would not be "bailed out". that they needed to be more fiscally responsible. This, coming from our government that has gotten us into debt for trillions? LOL. Not wanting to start a political discussion, but I really don't think our folks in Washington will let Puerto Rico go down the tubes. But, with our new relationship with Cuba, if we don't come to the rescue of Puerto Rico, maybe Cuba will, with the bajillions of dollars we will probably end up giving them.
Sorry for the diatribe, I'm done.


Dan
Re: Economy in Puerto Rico [Re: sumbeach] #61675
08/07/2015 02:29 PM
08/07/2015 02:29 PM
Joined: Sep 2002
Posts: 334
Pennsylvania
Bella Offline OP
Traveler
Bella  Offline OP
Traveler
Joined: Sep 2002
Posts: 334
Pennsylvania
ok so now besides the economy & raised taxes being a concern, now there is a drought & the article I just read not sounding to good for water for showering or cooking or whatever...also said next 3 months will be affected


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