大咖福利影院

housedoctor2000 wrote:

Monthly min wage on low end 250 us $ month and 500 us dollars at high end?

$21,000 for the largest companies is about $367 USD

housedoctor2000 wrote:

It is really unthinkable that it is so little. The DR construction industry must laugh at us gringos paying so much for housing when it is so inexpensive to build. Whatever the market will bear I suppose. Now with Covid maybe the prices will come down? Lots of expats can not even get into the country to enjoy their investments. It is a sorry state of affairs...this Pandemic nightmare.

You have to remember that things are very different here. The cost of living (as a local, not for expats who want to maintain their home country lifestyle) is very low. While there is a tremendous amount of poverty and income disparity here, you can't try to compare $367/month here to that same amount in the US! There is also a lot of multi-generational and extended family dependence here. People are much better at looking out for their family members, providing housing, food, child care, transportation - whatever is needed.

My fear is that with the increased minimum wage, companies will have to start raising their prices and the workers getting the raises won't really see a big benefit.

As far as prices go, they are skyrocketing in Las Terrenas! There were some fire sales early in the pandemic when people who had purchased rental properties and were dependent on rental income to pay mortgages, maintenance, HOA fees, and other expenses were scrambling and had to offload properties quickly. Things have recovered, and there is so much demand here that prices just keep going up!