[david3a]

FROM LAS OLAS
BY DAVID AVEN
OWNER REPRESENTATIVE

I have read with interest all the comments on the Las Olas Blog and many don’t even pertain to Las Olas, but hey I read them anyway. Now regarding the negative comments, one looked like it was written by a competitor and the others just didn’t know what they were talking about. The only think I can tell you, we have no law suits against us for anything by anyone and we have not refused to give any deposits back to people who had them coming. Fact is most people that have bought from us before the crisis at higher prices are hanging in there with us.

I have to admit, we are not Wyndham, Regis, Sonesta, Viva or numerous other projects that have gone belly up. We are still standing. And yes it’s true we have no debt on the property and we will never have debt on the property. Anyone that had debt on their project property in 2008 no longer own it.

What people need to understand now is that the product and price of 2008 is not the product and price of 2010. In 2008 the price point was 400k to 500k, in 2010 the price point is 140k to 190k and it has to be in a good location, preferably on a nice beach. Developers that couldn’t adjust their business model like Wyndham had to watch their projects go up in smoke. By the way do any of you know if Wyndham refunded to the investors all of the deposit money they took in as yet?

Also in 2010 people want to own terra firma and a home rather than a condo. We have adjusted to the realities of the market and have lowered our lot prices which now start at 49K. And guess what, we are one of the few projects that’s doing any business. You can build a 2 or 3 BR house from 100K. All the lots along the road are titled and ready to build. We have all the permits and will start infrastructure work as soon as the rainy season ends. We will start several homes sooner than that.

We feel we have the best price, best location and best beach in Costa Rica and here’s a challenge for all you “professionals” out there. If you find a property with a better price, better location and better beach, please bring it to us and we will buy it from you and pay you a nice commission. Now you can’t beat that with a stick can you? So for all you “professional realtors”, who aren’t making many sales, please get busy and find us something.

I agree that you all need to be careful, check out everything and get proper legal representation in any kind of real estate deals you are looking at in Costa Rica and we encourage all of you to do your due diligence.

Jovan Damjanac is the project manager for Las Olas and has many years of experience in working on huge projects in both Pennsylvania and New Jersey. He is also a trained real estate appraiser and is probably one of the more experienced real estate people you could talk to in Costa Rica. So give him a call if you have any questions about Las Olas at 2778-7035 and get it right from the horses mouth, instead of listening to God knows who on this blog.

Let me end with this, just keep your eyes on Las Olas and watch what happens in the next six months and see if what we have stated above happens or not. You now have it on the record. (With one cavet, that we don’t have another meltdown.)

[david3a]

What kind of insanity is this? Thousands of illegal aliens, drug smugglers and terrorist are flooding across the US border into Arizona everyday. The US Government not only refuses to send troops to stop this illegal invasion of US Territory and the illegal drugs but they actually had the audacity to sue Arizona to stop them from trying to stop it. This illegal invasion is costing the country 110 billion a year, but the US Government does nothing. Yet they send warships and 7000 marines to fight the drug war in Costa Rica. Are you kidding Me? This has nothing to do with the drug war or humanitarian work. Costa Rica has real freedoms and the US is a falling, bankrupt and criminal fascist empire. This is about the attempt to extend this type of empire to Costa Rica and get them to become more fascist, have the country get more into debt, increase taxes and to limit freedoms for Costa Ricans as they have done with the US Citizens. Costa Rica is too free and does not have enough debt or taxes. The last thing Costa Rica needs to do is to look to a failed nation state as an example and for leadership.

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