By S.E. Lewinski
HAVANA TIMES – Considering my experience in real estate, property sales, and business ventures…let’s take a look at who would want to purchase Cuba. Being in Cuba multiple times, I will apply my first-hand knowledge to assess the property:
• 60 years of antiquated government management driving the economy into shambles
• Little water, electricity, food, money, medical care, and gasoline
• Infrastructure dilapidated maintenance including utilities, streets, and buildings
• Natural resources are available but mismanaged into worthless assets
• Human resources highly educated but no jobs available besides being a taxi driver
• Island living on life support for oil, food, and money from other countries
• 500,000 human resources escaping the island between 2021-2023
• Multiple over-built resorts with limited or no return on investment
Assessment of Property: Distressed Property Sale
“A distressed sale transaction can occur in a business that is showing losses consistently or is on the verge of insolvency. The business owner sells his/her business at a substantially lower price than the real value to liquidate the residual earnings from the investments.”
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Potential Country Buyers:
China: Already has a foothold in more prosperous countries in South America. The primary interest of China is making money and access to resources and any potential political advantage. China currently has its eyes on Taiwan, which has electronics, materials, and industrial manufacturing, which, of course, Cuba has none of these items.
Russia: Once the major sugar daddy for Cuba, has lost interest as a political ally. Cuba in the past possible military strategic location, but with high technology weapons maintaining a presence has zero economic value. The island also reneged on its financial payments including: “President Vladimir Putin