Yes, it sounds like a ridiculous bit straight out of Step Brothers.
So my mother (sole surviving parent) is considering cashing out some of her retirement account with Morgan Stanley to buy a place on Providenciales in Turks & Caicos. It’s become the annual family vacation destination, and she’s seriously weighing the pros and cons of purchasing a condo. On its face it sounds neat, but what are the realities of buying real estate in the Caribbean? Obviously there are hurricanes to consider, taxes in a British Oversees Territory, insurance, and all the rest.