The New York Times, January 31, 2022, The Rush for a Slice of Paradise in Puerto Rico
Many Puerto Ricans say they can no longer afford to remain in their homes with outside investors buying up properties and driving up prices.
These are boom times for investors flocking to idyllic towns all over Puerto Rico, some of them seeking to take advantage of tax incentives intended to attract new people and outside money to the cash-strapped island, which is working its way out of bankruptcy. The tax breaks’ appeal accelerated after the coronavirus pandemic prompted many companies to shift to remote work, inspiring Americans who live on the mainland to move to more temperate climes.
