The Laws on Owning an Island

carribeanislandbrokers.com

so what do you think the laws are on owning an island? are they under jurisdiction of their region or am i good to go on buying an island for mass maryJ production?

What your thinking about doing really depends on what island & where its located.

When i 1st started talking with my wife about my retirement we looked into buying a small island to retire on,and before anybody starts the "wow you must be rich" stuff some islands are not that expensive,the ones we looked at were right around a quarter mil which is less expensive that a killer house.

Anyhow what we found out is that most of these islands are within the territorial limits of the country they are nearest to & subject to all laws of that country & or their navy.

panhead said:

What your thinking about doing really depends on what island & where its located.

When i 1st started talking with my wife about my retirement we looked into buying a small island to retire on,and before anybody starts the "wow you must be rich" stuff some islands are not that expensive,the ones we looked at were right around a quarter mil which is less expensive that a killer house.

Anyhow what we found out is that most of these islands are within the territorial limits of the country they are nearest to & subject to all laws of that country & or their navy.

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thats what interested me was the price as well. Most houses in my area go for up to and over a million each.

south africa has such a flat coastline, we have like about 3 islands over 4000km of coast. one's an old prison and the other two are covered in birdshit.

I was actually considering this yesterday Manjinken... I think I could get enough investors together to actually consider buying one. Unfortunately, with satellites and SRTM most if not all islands have been accounted for and are indeed under jurisdiction of their nations. The last man to try this was a Vegas developer. An island is considered such only if the land stands 1ft above the high tide point, he found a reef atoll about 100 miles south of Tonga, in the Pacific Ocean... hired an Australian dredging crew to come and make an artificial island on top of the atoll. He planted his flag and named his micronation "Republic of Minerva"... this all went well, until the Tongan government (who literally has the "largest monarch on earth" at 400lbs) found out. They claimed it was their fishing waters and thus, belonged to Tonga... the Minerva flag was lowered and that was the end of it. So... private island idea doesn't look too good as for having your own country BUT... if you have a private island, who in the hell is going to tell you what to do anyways? So... who wants to put their money where their mouth is? I got $5 on it.

SocataSmoker said:

I was actually considering this yesterday Manjinken... I think I could get enough investors together to actually consider buying one. Unfortunately, with satellites and SRTM most if not all islands have been accounted for and are indeed under jurisdiction of their nations. The last man to try this was a Vegas developer. An island is considered such only if the land stands 1ft above the high tide point, he found a reef atoll about 100 miles south of Tonga, in the Pacific Ocean... hired an Australian dredging crew to come and make an artificial island on top of the atoll. He planted his flag and named his micronation "Republic of Minerva"... this all went well, until the Tongan government (who literally has the "largest monarch on earth" at 400lbs) found out. They claimed it was their fishing waters and thus, belonged to Tonga... the Minerva flag was lowered and that was the end of it. So... private island idea doesn't look too good as for having your own country BUT... if you have a private island, who in the hell is going to tell you what to do anyways? So... who wants to put their money where their mouth is? I got $5 on it.

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Grab yo 40, let's get keyed...

perhaps colonising antarctica would be a bit easier...

I was looking into this years ago... You Can get an Island for under 1 Million.. .. Who needs investors .. I can get that mortg on my own

korvette1977 said:

I was looking into this years ago... You Can get an Island for under 1 Million.. .. Who needs investors .. I can get that mortg on my own

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Yeah but that's just the cost of the island. Even if you built your home with your own two hands there's still the cost of all the building materials... and then the expense of getting all the supplies shipped there. What are you going to do for electricity? You'd have to go solar or wind.... either way... that's going to cost a small fortune. What about sewer and water? Unless you are planning on shitting in a hole and burying it and preying you find a fresh water spring that you can lug your water around you are looking at huge expenses in those areas too.

I'm guessing the real cost of buying that $1 Million dollar island and building a home with running water and power for yourself on it to be upwards of $10 million when it's all said and done.

Now... if you got 100 people to invest and build homes there... the cost of power and water installation would be shared and thus bring down the per house cost to a more reasonable number.

It's a nice fantasy to have.... but the reality of it... is something else altogether.

Alright RIU... you really wanna do this? Hey I'm all up for it! I got a good bit in assets I wont ever need if I live on my own island... $$$.

Islands for Sale, Real Estate, Private Islands

Man... I wanna own an Island...

Florida Girl said:

Yeah but that's just the cost of the island. Even if you built your home with your own two hands there's still the cost of all the building materials... and then the expense of getting all the supplies shipped there. What are you going to do for electricity? You'd have to go solar or wind.... either way... that's going to cost a small fortune. What about sewer and water? Unless you are planning on shitting in a hole and burying it and preying you find a fresh water spring that you can lug your water around you are looking at huge expenses in those areas too.

I'm guessing the real cost of buying that $1 Million dollar island and building a home with running water and power for yourself on it to be upwards of $10 million when it's all said and done.

Now... if you got 100 people to invest and build homes there... the cost of power and water installation would be shared and thus bring down the per house cost to a more reasonable number.

It's a nice fantasy to have.... but the reality of it... is something else altogether.

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Depends on how lavish of a place you want it. A little shack or cottage with a water filtration system (there's a type that you can haul seawater from and put it right into your house's system), a few industrial crank generators, and a good patch of vegetables could keep you going.

Like you said, the real problem would be waste.

some islands come with resorts, just manage to invest 37 million, open a resort and make the money back, and use one of the buildings entirely for growing.

I could do it after the Island purchase for under 5 mill complete with boats and sea planes and Places for the mexicans to sleep...

I have thought about it a lot. Personally I am about 75% sure I will not live full time in the US when I retire. Its all about having residual income coming in here in the US. Like other posters have said lets say you find a nice island of the coast of Costa Rica, 50 miles from anywhere else and 3 miles by 3 miles. So you purchase it from the Costa Rician government.

Now you have to pay to get utilities run out there, no problem in the US, HUGE ordeal in a central/south American country. Ok lets say you want to generate your own power. GE has some sweet turbine generators for a couple of mill a piece but now you have to build a landing strip or dredge an are out for a large boat because you are going to need an asston of fuel to run it full time. Sure renewal sounds great but you are talking EASILY about 10-20 mill to build enough wind and solar to sustain all your power needs. On top of all of that what happens if a windmill breaks? You have the juice in your batteries and then you are out of power till you can get someone out there. Chances are also good the closest guy who can fix it lives in the states so you have to fly him down.

Living without power for a few weeks is not a big deal, try doing that with water, it won't work.

If you wanted an "off the grid" island you are looking at $30 mill on top of the cost of the island and I would bet a million a year is not double that to have EVERYTHING flown in.

My wife could never do it. She NEEDS to run to the store when she is out of hairspray, waiting a month would make her head explode.

Honestly I am going to try and find some coastal land in Mexico, if that is too expensive then I will just go further south till I find some cheap(ish) land.

Hey, I'll fly the seaplane tours!

I would rather build a long runway and buy a medium sized plane (half a mill to a mill.) I mean if you could afford it I would rather have a medium sized prop plane for cargo and fuel runs back to the main land and then a jet for running back to the states to see family.

At this point you are talking about a 50+ million dollar a year investment on top on about 2-3 a year.

Hey if you got the money, I got the skills.

Or we could all move here...

https://www.rollitup.org/toke-n-talk/83259-puerto-rico-considers-taxing-regulating.html

what if you were rich , and lived on an island . and all the rich epeen-ness came to fruition . your on a f***ing island how much fun would that be ? smoke yourself and a volleyball out ..... deep sea dive for sponge bob ? and what if a shipwrecked man came on your island and punched you in the face ? would it then be his island like king of the hill ? or would it stll be your island but u just got island jacked who do you call for help ? theese are the questions that need answering