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wildrover said..
I backpacked through SA years ago, not to Venezuela though, got a bit of spanish to get me through, got a lot of mates that its their first language so speak it rough to them most weeks. I was talking to a dude from Caracas a few weeks back, reckons you get a nice house on margarita for $15-20,000. Only thing is the economic and general social stability of the place, make it hard to stay and invest (could stay forever really) in an little enterprise.
Venezuela is meant to be one of the roughest places you can go. Chavez's version of socialism has sent the country back decades and for one of the wealthiest countries in oil, there are a huge number of poor people. I have heard tourists go to Caracas no problem, but I have also heard of locals too afraid to go there. As a gringo, I wouldn't chance it. The airport was enough for me.
Margarita is a bit different, but there is also a bit of crime there. $15K might sound like a bargain, but only if the economy improves.
Having said that, I liked it, but I didn't meet too many of the locals, so I can't say what it was really like.
What I did hear though was if you have a business that does well, the old government would come along and argue that its wrong to profit, and they would then take the business. They would then give it to one of their mates. This has happened with the oil companies that invested there. The people are relatively poor, so I am not sure what sort of business would do well.