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A Fresh Look at Costa Rica for Retirement & Investment: Debunking Popular Myths

For a couple of years, Costa Rica has been touted as one of many high retreat havens on the earth. With a secure democracy, rising economy regime pleasant to foreigners and tropical local weather, additionally to inconceivable pure magnificence, it justifiedly attained the phrase, "the Switzerland of Latin America."

Is this all the same true at the moment?

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Is it as costly as Switzerland?

Are retirees all the same coming right here?

Should they all the same think of Costa Rica?

To many individuals, there seem like nickel-and-dime retreat locations akin to Panama or Nicaragua. To others, Costa Rica has turn into too touristy. Still others consider Costa Rica is overrun with "gringos."

I need to expose these notions, and others, and recommend that Costa Rica clay to be a terrific place to retire, or to start out new life in if you're not but retired, importantly if you happen to select your location and actions fastidiously.

Costa Rica is simply too costly!

I've been residing in Costa Rica for about two years even so have been out and in the nation often since 1989 and primarily based my intensive journey all through the nation at the side of my "Boomers in Costa Rica Retirement Tours," I've discovered that there are all the same cheap areas during which to reside, importantly if you happen to keep away from the close-in suburbs of San Jose.

Take, for instance, the fantastic metropolis of San Ramon, an agricultural city of 70,000, attack the northwest fringe of the Central Valley. Home to a couple of former presidents together with "Don Pepe," who abolished the military in 1948 and kick in movement the premise for at the moment's sturdy democracy, San Ramon affords a peaceable circumferents during which to reside but it affords all the providers of a large metropolis together with quite couple of supermarkets, a mall with a three-screen theater, quite couple of superior feeding places and heat, hospitable locals. It can also be only 40 proceedings to the worldwide aerodrome in Alajuela, one hour to San Jose and 40 proceedings to the Pacific Coast.

San Ramon in addition affords all kinds of tons for constructing one's retreat dream residence, both inside the mountains which the "Tico Times" calls "the Tuscany or Provence of Central America," or beautiful sea view properties during which one can see the Nicoya Peninsula, the Pacific Ocean and the active port metropolis of Puntarenas.

Prices for land all the same stay low with some tons as cheap as $15,000 for a one-half acre lot, to $75,000 for an inconceivable sea-view lot on 2.25 acres. With one other $60,000 to $75,000, you may have an inconceivable sea view lot and home, full with all of the providers you want, for underneath $200,000. If you resolve you don't need sea views, you will pay even much less, possibly round $100,000 for a pleasant lot and residential.

Property taxes are very low, only .25% of the registered worth of your private home/land. I paid $66 in property taxes for a complete yr! The native regime work even requested me if I wished to pay my taxes quarterly!

If rental is extra your type, you may all the same discover good two-bedroom, modest properties for hire for underneath $200/month. Low housing prices mixed with very low costs on meals and utilities makes San Ramon a superb cut price. The cities of Grecia, Sarchi, Atenas and Naranjo provide grand worth as properly; you simply must know the place to look or hyperlink up with an arch and educated native or gringo that can assist you out.

I in addition eat nickel-and-dimely, possibly a $1.50 for breakfast, $2.00 for lunch, after which I splurge for dinner, possibly $4-$6, and that is if I am going intent on eat! Of course, if you happen to attend a couple of of this nation's fantastic outdoors markets, you will discover the freshest meats, vegatables and fruits, and may prepare dinner for your self and spend even much less.

I would like good and handy medical care!

Some foreigners residing in Costa Rica complain that the medical system right here is overcrowded and it ordinarily takes hours to see a health care provider. Yes, in some areas there are much less docs per capita than inside the United States even so this typically applies to individuals residing inside the San Jose space, and infrequently occasions pertains to individuals who have electoral to get on the "CAJA" system, which is essentially the most primary medical health insurance program, run by the federal government, to which most Ticos belong.

Once you allow the San Jose space, even if you're on the CAJA, the strains reduce and most of the time, you will kind a fantastic relationship with an English-speaking doc who's well-trained, and in some circumstances, will even make home calls. There are in addition different privately-run applications that permit you to see any doc and even these applications are much nickel-and-dime than coverage applications inside the States.

Costa Rica in addition has a number of superior hospitals that present the identical degree and superiority of service that you'd discover inside the United States. CIMA Hospital San Jose, which is attached with Baylor Medical Center in Houston, is a model new facility with all the new applied sciences you'll discover in any high hospital inside the United States. In truth, my doc at CIMA has extra superior know-how in his work than my doc in New York City. Clinica Biblica, in addition or s San Jose, can also be one other high hospital, with the identical superiority of service you'll discover at CIMA.

There are too many vacationers!

Costa Rica actually is a well-traveled vacationer playground and sees over 1 million vacation makers a yr. If you attend the seashores at Manuel Antonio, the rain forest of Monteverde or Arenal Volcano in the course of the dry season, sure, you will note many North Americans and Europeans. However, residing right here, importantly in cities akin to San Ramon or Grecia, you'll hardly know it's the vacationer season. These cities, and others, see few vacationers and transfer at their very own leisurely even so constant tempo yr spherical.

Actually, visiting vacationer locations in the course of the off season is a big good matter about residing right here, importantly provided that costs are well lower than in the course of the excessive season.

Costa Rica does rely amongst its residents some 40,000 North Americans, mainly from the United States. They come for a wide range of causes from wanting to depart their company careers for extra significant work to simply eager to retire and luxuriate in a slower, relaxed tempo of life that Costa Rica affords.

While these expatriates are scattered all through Costa Rica, most of them reside inside the suburbs circumferent San Jose akin to Escazu, Santa Ana and Cuidad Colon. Quite just a couple of ex-pats reside in seaboard communities up and down the Pacific Coast whereas a little variety of individuals reside on the Caribbean coast. However, many individuals are starting to be aware of the little cities inside the Central Valley akin to Grecia, Sarchi, Naranjo and San Ramon additionally to even little pueblos circumferent these cities. These cities and pueblos provide a relaxed tempo of life, low-priced property costs and an total decrease value of residing.

So, you may reside in Costa Rica and ne'er really feel overrun by gringos or the excessive costs in different components of the nation. However, if you wish to reside amongst "your own kind," you are able to do that too!

Historically, Costa Rica was a rustic primarily attractive to retirees; these individuals of their late 50s or early 60s (and in some circumstances much older) who wished a small home, and will reside much much less nickel-and-dimely than in North America or Europe. However, Costa Rica can also be starting to draw a good variety of child boomers, importantly individuals not but able to retire.

Beyond residing a quieter, easier life, these individuals are actually not completed working but. They could personal companies they will run from nearly anyplace. They can also be writers or artists. Still others are coming right here to speculate their money and time in new companies. Many individuals have made the profitable transition from a company profession inside the States to in operation a mattress and breakfast, managing a surf store, providing excursions, investment in actual property, and extra much. Costa Rica is a really business-friendly nation and the alternatives listed below are all the same infinite.

The roads are horrible!

Like any crfeeding nation, importantly one with a wet season for a part of the yr, and with vehicles and automobiles sharing the identical, ordinarily two-lane highway, it may be exhausting to take care of the roads in superior situation on a regular basis.

Fortunately, underneath the brand new administration of Nobel Prize winner, President Oscar Arias, important stairs are being taken to deal with these considerations. Millions of {dollars} have been appointed to new highway development and restore. Costa Rica has come a good distance in infrastructure enhancements, and it's only acquiring higher.

No hablo espanol!

While one can get by with out realizing much Spanish, you will have a greater expertise if you happen to attempt to study at the very to the last degree some key phrases, phrases and sentences. In addition, befriending a Tico (hopefully a bilingual one!) will go a good distance in serving to you get issues completed right here.

On our retreat excursions, for instance, we offer a post-tour relocation service the place we hyperlink up our purchasers with a Tico to assist with some important "post-move" duties akin to acquiring a driver's license, hook up electrical energy, cellphone, and Internet providers, and a wide range of different issues. I could not get by with out my "Tico connections" and my Spanish is acquiring higher on a regular basis.

But Costa Rica is in Central America!

Central America does have a fame for being very poor, and traditionally, a area chock full political chaos, dictators, communists, and meddling by international nations. Costa Rica, ne'ertheless, has had a steady and secure democracy since 1948 and the transition to new administrations have been as peaceable as they're inside the United States. Yes, there are poor individuals right here even so it's nomatter just like the abject poorness discovered, for instance, in Nicaragua or Honduras.

Costa Rica in addition has not arch the gang warfare that's rampant in El Salvador, Nicaragua, and Honduras. It corset well harmful in these nations and the political programs are all the same not absolutely secure. Housing and land could also be less expensive, even so is it price paying much less to reside if you happen to expertise energy cuts for six to eight hours every day (as is the case in Nicaragua recently) or extra importantly, reside in worry?

I've in addition discovered that the individuals are way more hospitable to us gringos than in different nations inside the area, and do not simply befriend us for our cash. They are very exhausting working, genuinely crazy perusing about North Americans, and for us, it's not exhausting to combine into Costa Rica society. I can not let you know simply what number of events and dinners I've been invited to in Tico properties since transferring right here. They are pleasant individuals certainly!

With hundreds of thousands of child boomers in North America--over 70 million of them--retiring now or over the following 20 years, and residing thirster than earlier generations, it's going to take some huge cash to reside properly in retreat, importantly inside the United States. Is Costa Rica all the same a very good various? Yes! Will you do properly right here and luxuriate in your self? Absolutely! Come attend and introduce your self to the fantastic individuals and pure circumferents that we all the same name paradise. We're right here, residing our desires, and entirely happy that can assist you! You may even e mail me at: boomersincostarica@gmail.com.


A Fresh Look at Costa Rica for Retirement & Investment: Debunking Popular Myths

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