Welcome to Bits of Nicaragua. Lisa Stary and I traveled to Nicaragua on November 11, 2009. We returned on December 22nd. This blog is a repository for our photos, thoughts, and stories. Enjoy!
Thursday, January 21, 2010
The Land, it's for Sale...
Nicaragua is caught between two systems. The Sandinistas are communist. But the government who was just voted out were more of a capatalist bent. So while they were in power, a LOT of foreign interest moved in. Perhaps the biggest indicator of foriegn interests in Nicaragua is the real-estate situation there. Almost all of the 'desirable' real-estate has been bought by large, foreign developers. It's mostly going to go to retirees who can't afford property in their home countries; the US and Canada chief among them. Given the apparent ineptitude of the current government, the unlikeliness of grass-roots wealth distribution, and the country's bent for radical political shifts, it's no wonder that many foreign business owners we talked to are expecting a shakeup.
Let me put it to you like this. Around 25% of the country was killed in the revolutions. And while the situation has improved, somewhat, the people have yet to see a proper return on that human investment. Imagine if you felt like 1/4 of the people you knew were killed so that rich foreigners could move onto your prime land. I'd be pissed.
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