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>Lastly, this aura of ever changing legislation will make CR less appealing to wealthy investors, who are the only ones who could afford the new monetary requirements. This adds up to a lose-lose situation where the government is not only hurting themselves, but their own people. This is a disturbing conclusion.
You are absolutely right. I am very aware of the business situation in the central pacific and *personally* know of several major developers that have pulled out. Several are in Ecuador and Panama right now. There are also a laundry list of other projects that are about to fail… they come to me trying to get me to build their websites and let me know the absolute critical juncture they have reached, overleveraged and not selling anything. I stay away, but because they all come to me, it does give me a lot of feedback on the business climate here, and its not looking good.
The new law only tells anyone crazy enough left to try a project here to beware. Besides, most developers I know don’t have residency anyways.. which during the construction process can be a nightmare if you have to leave several times. I have seen during these gaps of oversight, major problems develop costing people thousands of dollars to recover, not to mention the time value of money as people stop work and redo the screw ups.
Then again, no one asked the ticos if they wanted all that development, although there does seem to be a large number of them that grew very accustomed to feeding off the investors teet. Unfortunately they have now been bled dry and these leeches dont know what to do next.. they got spoiled these last few years thinking the money train of investors was limitless. right now is a serious reality check for everyone in the world. sad that the legislators are a few years behind the times, the way they are approaching this, it sounds like they still think its a booming economy.
This is not good news for investors, developers or perpetual tourists. Nor for costa rica’s economy. Making decisions like this will only ensure that this country joins the world economy in a global depression, instead, they could so easily be the go-to location for to invest & retire here. I have a feeling Central America is going to destabilize soon anyway. It was fun while it lasted… pura vida.
Edited on Nov 27, 2008 21:42
Thanks. That registration thing was driving me crazy. It took me a few days to think of where to look because I couldn’t find much on it in google or yahoo.
As well, this info just helped me with registration on the Adobe site. It asked me several times to validate the address and they didn’t let me download anything until I had the correct one.
Just call some of the regional hardware stores and ask. Prices are going up daily and not all materials are easy to come by, so if they quote it and you dont buy it that day.. dont expect the prices to remain static.
Edited on Nov 22, 2008 09:01
Most of the good stuff seems to get exported. Ive seen a lot of people trying to address this issue in the Central Pacific region. People seem to have good feedback about at the Argentine run steak houses.
I found that you have to ask for ‘lomito para exportacion’ at the carnicerias to get the best cuts of meat.
Good luck.
Ive had worse luck with my fellow gringos than integrating into the local ecosystem.
step 1. treat everyone with respect
step 2. learn spanish
step 3. repeat step 1Cabo is really going to stand out. A lot of people are talking about it and its just offering its first 2 phases.
I am turning down a lot of chances to pick up jobs with these ‘other’ developments around here… they are offered to me on almost a daily basis. I do not feel all will be successful projects, and I am also worried about the potentials mentioned.
However, if there is one that is worth the asking price.. this one might be it.
The level of detail that has gone into the planning phase has been refined numerous times. I sat there, working on my part and watching the whole plan progress. I have learned a lot watching Aaron (Jr. & Sr.) & company in action.
Even geographical factors have this one looking better than the others. The cape much more temperate and mild than the bays of jaco / herradura… the bays create inversions and its pretty common for afternoons to just be sweltering.
http://www.cnn.com/WEATHER/CAmerica/sat.anim.html
I find this site to be very useful.
I can make very accurate predictions regarding the overall weather patterns using this map.
Edited on Jun 16, 2007 07:14
Im their web designer, and have been working closely with that project for about a year now. I should be able to answer some questions for you 🙂
This one is turning heads, primarily because of their location.
They have roughly 1 k of highway frontage which extends to 1 k of beach frontage. To the north, it borders the wildlife refuge known as Refugio National de Vida Silvestre. Several kilometers of pristine beaches extend in that direction. I consider this to be one of the most beautiful areas I have seen in costa rica.
I often turn down chances to work for developers in the area ( seems to be a dime a dozen, I turned down several this week! ). The owners of this project are conducting themselves in a very thoughtful manner, and have established good relations with neighboring land owners, the local municipalies & the wildlife refuge.
Im proud to be a part of this one, and enjoy every minute I have spent on site. I used to hike hours to the wildlife refuge to surf a few waves I liked, I feel so lucky to end up getting a job from the guy who bought the neighboring farm!
– Michael Cruden
Edited on Jun 16, 2007 13:37
My friends (tiki adventures) tried to run a boat charter. Its tricky if you want to work the waters.. they had a heck of a time and the goverment wanted them to reflag here!
I think living on the boat, you would need to just keep your visa valid. We recently made a trip to san juan del sur harbor ( nicaragua ) and it was an amazing run. Big port, nice city there.
It seems to me that as long as your not trying to work, its not going to be a very big deal.
