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DWB hit the nail on the head. I'm actually going there in few weeks and I can tell you. You can definitely find some nice homes all around beach front areas for that kind of money. Some that aren't completed, some that need a little fixing, and some that are cozy.
As for a hotel though? Big red flag and I would not commit to anything with out seeing it (Obviously)
I have a house in Santiago and that went for a hundred, it's not in livable condition YET and I'm remodeling the hell out of it.
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