“The cost of living here is so low that my bills only total around $1,200 a month, without having to budget,” says Brett Dvoretz, who lives in one of the country’s most popular beach towns. “I eat out wherever and whenever I want; a drink runs you $2, and I can have a fresh-cooked meal at a restaurant for as little as $2.50.” Steven King has lived in Phnom Penh, Cambodia’s capital, since 2006, after being attracted by the country’s exotic charms as well as by its fantastically low cost of living.
Sometime in the next two months, a small group will gather to celebrate the retail launch of a new building in Cabo, Mexico. They’ll launch floors three and four of that building to the local and expat market. Pricing will be in the $220,000 range. But in the coming days, members of my Real Estate Trend Alert group will have the opportunity to snap up an ocean-view condo on the first or second floor of that same building…for only $149,000.
Year after year Costa Rica, the land of Pura Vida (pure life), still proves to be an attractive destination where expats typically are able to find a high quality of living for less than they would in Canada or the U.S., for example. Costa Rica has been a popular destination for North American expats for decades.
When I talk to International Living readers, I usually focus on sharing how you can minimize your U.S. taxes and stay out of trouble with the IRS. But today, I’m going to do something a little different. I'm going to share with you what I do. I live part of the year in Jaco, Costa Rica. When I bought my condo, I kept the owning and renting of this foreign real estate simple: I bought it in my own name. That’s pretty unusual; Jaco is one of the few remaining areas that allow Americans to own beachfront property in their own name. This keeps my U.S. tax reporting of the rental income reportable—just like a U.S. property—and I do not have to make a foreign corporation disclosure.
It’s the country that brought us Leonardo Da Vinci, mouthwatering cuisine from pizza to pasta, enchanting art and culture, world-class fashion capitals, wine, and the very best of it, and perhaps most importantly the concept of la dolce vita (literally translated as “the sweet life”). It’s where you’ll find history-steeped Rome with its well-kept ancient monuments and food culture…Venice with its air of mystery and its famous masquerade balls…and Florence with its art and culture and vineyard-covered surroundings.
I’m a middle-aged woman who pays taxes, owns property, and has a career of sorts. I’m a Serious Person, and so are my friends. Mostly. So when I find myself standing by the side of a road in rural Spain, holding a sign written in lipstick (Burt’s Bees Raisin, to be exact—my favorite shade—and sacrificed for the occasion), I can’t help asking myself: How did I get here? The road is empty and so is the Spanish landscape, which stretches for miles around me, except for the six-house village across the road.
Deciding where to live in Ecuador can be a daunting yet exciting prospect. Though the country is only the size of Nevada, the choices in lifestyle are many. You’ll need to decide if you’re a beach bum, mountain lover, or maybe even a jungle dweller. Do you want to reside in a large metropolis, a small city, or a quaint village? Those are all important things to factor in to your decision and ones that only you can answer.
My husband and I had no intention of retiring to Mexico when we came to Lake Chapala for a visit nearly three years ago. Our original plan was to spend six months traveling the U.S. in our travel trailer and six months outside the country, in an exotic location. But that changed when we came to Chapala. Lake Chapala is paradise for retirees like us, who want to be active and be involved in the community. The area has a large expat population, so we were able to find many options for Spanish language classes, local tour groups, and social organizations. We felt “plugged in” right away. By the time we had been here for three months, we had joined a church, enrolled in Spanish classes, and found volunteer opportunities.
Before moving to Tamarindo, on Costa Rica’s northern Pacific coast, my husband and I lived in Chicago. We were accustomed to brunch as the key to socializing with friends. If you set a weekly date with someone or made plans to catch up with an old friend, oftentimes you would do it over a weekend brunch. We had to re-learn some of the “rules” to socializing when we moved to our little beach town. When we began to meet people, it struck us as odd that the common invite for social gatherings was to go and watch the sunset together…but we quickly learned why.
When you move overseas, you don’t just benefit from the better weather, lower cost of living, and the affordable healthcare…you also open up a world of travel possibilities. During our working lives, we’d take those one- or two-week trips, and were lucky enough to see a few highlights. But when you live in a foreign country, you have the opportunity to use this new location to travel to other countries as well as to explore the place you’ve chosen to live. This happened to me when I moved to Nicaragua.