Prepare to buy in Panama. I first scouted real estate opportunities here nine years ago and since then there has been a lot of changes. The canal is being expanded with a $5.25 billion investment and an investment of $1.9 billion investment in a new city-wide metro. Balboa and Colón were two of Latin America’s busiest ports last year.
Spain is in a terrible mess. The banks and the country are broke, by any reasonable measure. Spain’s regions (like U.S. states) have also borrowed too much. Unemployment tops 27%.
Each time I visit Costa Rica’s stunning lake country of Arenal, I wonder how this place has remained so long under the radar.
Yesterday I told you about one of my proudest discoveries: a mirror-flat lake whose dark green-tree-lined shore rises steeply to the cone of a towering volcano.
We’re all alone on the beach of this picture-perfect paradise. To get here, we took a road that winds its way through hills of rich green palm trees.
It feels too perfect to be real. Blindingly bright white sand. Shallow flat turquoise waters teeming with brightly colored fish. Palm trees dotted along the soft sands.
The beach town I’ll tell you about today is a special place. When the ﬁrst visitors came over the hills on donkeys a couple of decades ago, all they found were ﬁshermen’s colorful beachfront huts.
My wife, Linda, and I hadn’t exactly planned on buying a vacation home. It’s not like we’re property moguls—I’m retired and my wife is on a one-year sabbatical.
It was something my grandfather said that made me decide to buy a vacation rental property overseas. A small-town barber, he said that the smartest/luckiest thing he did was to pay cash for a new car...just one month before the 1929 stock market crash.
Over the years, Barry and Claudia Leon lived happily all over the States. They both had full and varied careers in psychology, college teaching, business, and biology.