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Udo
Elite Nomad
Posts: 6346
Registered: 4-26-2008
Location: Black Hills, SD/Ensenada/San Felipe
Member Is Offline
Mood: TEQUILA!
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| Quote: | Originally posted by 805gregg
Check out Ecuador, very cheap beachfront property. Rent first is the best advice anywhere. In Baja or Mexico I would only rent.
[Edited on 5-29-2009 by 805gregg] |
My sister, who was born in Venezuela, and lives in the U.S. will be retiring in Ecuador next year.
Everything is about 1/3 the price of Mexico, especially Baja. So she says.
Udo
Youth is wasted on the young!
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rpleger
Super Nomad
Posts: 1087
Registered: 3-12-2005
Location: H. Mulegé, BCS
Member Is Offline
Mood: Was good.
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If your worried about crime in Mulegé....move to Panama...PLEASE
Richard on the Hill
*ABROAD*, adj. At war with savages and idiots. To be a Frenchman abroad is to
be miserable; to be an American abroad is to make others miserable.
-- Ambrose Bierce, _The Enlarged Devil\'s Dictionary_
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Bajahowodd
Elite Nomad
Posts: 9274
Registered: 12-15-2008
Location: Disneyland Adjacent and anywhere in Baja
Member Is Offline
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Panama has a few things in its favor. They use the dollar as currency, have a strong banking system, as well as a great healthcare system. You can
choose between oceanfront living or inland upcountry tropical rainforests. On the other hand, it is hot and muggy all year round, and has been
increasingly imperiled by the FARC druggies from Columbia. So, we all know what the drug thing is currently in Mexico. But, there are ominous signs
that Panama is on the cusp of seeing the same problem there.
All that being said, Maybe I should have listened to Dennis and not wasted my time.
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udaman
Newbie
Posts: 3
Registered: 5-28-2009
Location: LA.
Member Is Offline
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Perhaps some background is needed here to ward off these nasty comments.
My wife Sherry and I spent the better part of April in Baja looking at homes in Loreto at the Loreto Bay and at Mulege along the river. We were
leaning towards the homes at the Orchard development as they were all priced way below what they were two years ago and although we only looked in one
home, found them very solid and beautiful. My sister inlaw had bought a home in Panama last year after looking at Baja and wants us to visit her there
before making up our minds on the move. We are from LA. and have lived there for over thirty years although we have traveled to Baja every year by
car. We have been told about the US dollar being used and that the homes there are fee simple in title as opposed to the bank trust which is required
in Baja.
We are hoping that maybe more info would stop the snide remarks and perhaps open up a meaningful debate on our options.
Doug and Sherry Bates
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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| Quote: | Originally posted by udaman
Perhaps some background is needed here
the homes there are fee simple in title as opposed to the bank trust which is required in Baja.
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Perhaps so. This background would have been helpful to us in offering advice which you requested.
All that aside, you came to the right place for information about your real estate misinformation. Any purchase of property by a foreigner, without
a bank trust is money down the crapper.
I'm not the most qualified person here to go through this with you so I'll leave it to those who are to guide you through it safely.
Welcome to BajaNomad.
By the way....Is that Los Angeles or Louisiana?
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wilderone
Ultra Nomad
Posts: 3822
Registered: 2-9-2004
Member Is Offline
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Panama does not have a desperate police force looking for bribes, with all the mayors in cahoots with the drug lords, with drug cartels competing for
turf, resulting in decapitations and murdering the police force. Drug money was laundered and built Panama City, but doesn't involve the local
citizen or tourist. Panama City is the worst city I've ever driven in - it's everymanforhimself, especially during rush hour and after work. Got a
ticket once and tried to offer to pay the "fine", but he wouldn't take it. But just outside of town - just a couple miles - you're driving along the
coast and it's relaxed. A lot of exploration in the jungles, islands, rivers, snorkling, fishing, great seafood at restaurants - lots of French
restaurants, casino - so both big city amenities and small town ambiance, and plenty of frontier to explore. There is the rainy season and it can be
humid, but you adjust. The rain puts a damper on your activities, but if you like the rain and have a garden and no leaky roof, you just wait it out.
Baja is hot is the summer and occasional hurricanes to experience and unrelenting wind on occasion as well. I think Panama is a bit more advanced as
far as electrical and water - no water problem in Panama. I guess it would depend on what your interests are and how comfortable you are with getting
to know your neighbors and how you plan to spend your days. If you want rural property, I don't think there are land title/ejido land/lease snafus in
Panama. You should rent in both places for about 3 months. Jungle or desert - pretty diverse.
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oldjack
Nomad
Posts: 350
Registered: 1-26-2006
Location: Los Barriles
Member Is Offline
Mood: retired
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U...
Consider that there are many different Baja's... your choices vary from Norte o Sud; playa or pueblo; metro areas(TJ, Ensenada,LaPaz, Cabo(s); small
non-tourist pueblos(literally hundreds); tourist places(list all beach developments here); live in the mountains or in the lowlands... how important
is airline service to you(that may solve a lot of questions); crap happens everywhere even in paradise(to be defined); your attitude and tolerance is
everything when things go mexican; but when you know you are playing with a snake you shouldn't get bit(probably); there is a great big safety net
call friends(some Nomads) that can make a world of difference in your lifestyle... having made a decision to retire outside of the U.S. was the first
decision... now take some time to evaluate(make a list) of what is truly important to you AND YOUR SPOUSE... take several months and experience as
many locales as possible before committing a dime... if the grass is greener in Baja... then wait the sun will bake it brown... but it is a nice
brown...
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noproblemo2
Super Nomad
Posts: 1088
Registered: 4-14-2006
Member Is Offline
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Baja
My two cents, we retired here 4 yrs ago, between Rosarito & Ensenada, would not trade it for ANYTHING. WE LOVE IT
HERE...
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