Specifics on Cuba

From earlier today, some specifics on changes to U.S. law regarding Cuba.

Here’s one notable highlight for those interested in traveling to Cuba, or investing in what’s sure to be one of the world’s most up-and-coming real estate markets over the next decade or so:

In all 12 existing categories of authorized travel, travel previously authorized by specific license will be authorized by general license, subject to appropriate conditions.  This means that individuals who meet the conditions laid out in the regulations will not need to apply for a license to travel to Cuba.

These categories are: family visits; official business of the U.S. government, foreign governments, and certain intergovernmental organizations; journalistic activity; professional research and professional meetings; educational activities; religious activities; public performances, clinics, workshops, athletic and other competitions, and exhibitions; support for the Cuban people; humanitarian projects; activities of private foundations or research or educational institutes; exportation, importation, or transmission of information or information materials; and certain authorized export transactions.

Here’s the New York Times’ two cents, and a notable highlight below:

United Airlines quickly announced on Thursday that it planned to begin regular service to Cuba from Newark and Houston. American Airlines, which operates charter flights to Cuba from Miami and Tampa, said it was reviewing the changes.

Truth on Cuba

Truth from Warren Meyer at Coyote Blog:

This should be good news for anyone who opposes the Cuban regime and its oppression. Time and again over the last 50 years, we have seen cultural and economic interchange fell more authoritarian governments than any amount of military action.  When we cut off free exchange with authoritarian regimes, we are doing their leaders a favor.

On a related note, I’ve long been intrigued by Cuba. It’s so close to the United States, yet it’s rarely visited. Had things gone differently in the twentieth century, it might today be Americans’ most popular vacation destination. It is, after all, a tropical island almost the size of Florida. It’s just a three hour flight from New York City. It’s population density is quite low (if it were a state, it would be only the eight most populous), so there’s lots of room for tourists. The country also has thousands of miles of undeveloped beachfront property, the likes of which is quickly disappearing in the United States.

Vinales Valley Cuba
Vinales Valley, Cuba (photo from Wikimedia Commons)

Perhaps now is a good time to invest in Cuban real estate. But you won’t be the first…some powerful people are already doing it.