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Well I guess, I see it different……I would think that most folks that are retiring to CR probably already have their primary residency in the state paid for and are simply selling it for the funds to buy a house in CR. I guess its sort of an exchange. If your credit is good which many retirees fit in here, they won’t have an issue getting a low interest equity loan, rent the place and then wait for the market to recover. I would think, you would never tell the bank that your using the funds for CR or that this would no longer be your primary residency.
Depending on where you live and what part of the states your coming from, CR may actually be more expensive. For example Santa Ana and Escazu are more expensive then most parts of North Carolina…..meaning real estate is more expensive, keeping the same diet is more expensive as well car insurance, of course health care is less expensive but I think that this will change in the future too. Once the Costa Rican government figures out that retirees are costing the health care system much more money then what they put in and what the CR people get from these retirees. $1000 a month isn’t much, when you really look at it. Am guessing in the future the CAJA is going to cost retirees much more then the $60 per couple per month and it should. Obviously the CR people are flipping the bill for retirees Health Care. but this is another topic entirely.
…just to let you folks know, my wife and I are at least 20 years from retirement age. but of course this should have no baring on my view that some retirees are costing the CAJA and the CR people money. 💡
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