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Let me add a “ME TOO” to your request for info as I am planing the very same thing in the same area.
I spent some time hanging around a beautiful house under construction on the outskirts of Palmares. The quality of the work seemed top notch. I spoke at length to the Tico supervisor on site who told me nearly all materials can be obtained locally..no need to transport from San Jose area. In fact, on the way to my property near Palmitos is a cement
facility only a kilometer away.
Which side of San Ramon are you located…north, south east, west…?I don’t use a broker’s services…that is just throwing away money from my perspective. I do spend time every day watching the market and my portfolio, not because I am day trading but because it is entertaining and keeps me in touch with how my portfolio is doing. Minor tweaks now and then and always looking for buying opps is worth the time spent. I am long on a lot of small caps and the volatility is a roller coaster ride. I am not losing sleep and enjoy tying in market news and world events to a personal level.
that is preposterous. Think about it for a second; A citizen’s income can be taxed but property taxes are levied BY the country wherein the property lies FOR the infrastructure that surrounds the property. What would be the reason for a U.S. tax on Costa Rican land? Also, how would the IRS even know you own property in costa rica if you purchased it via a corporation (sociedad anonima)?
Timing the market is when you sell off stocks and hold, looking for safer places for the money so that you can go back in at a better time. I am not doing that. Nor am I sure that most people are holding right now. It looks to me like most individual investors are pulling out of the market in a bit of a panic while many institutions are buying in. Has it ever occurred to you that the market might just be another wealth re-distribution vehicle? The fat cats scare up a panic so the little investors sell their portfolios cheaply to the same fat cats only to come back later and buy them back at higher prices. I am guessing at motives here, but the results are a reality.
Risk is the possibility of losing money. But the most basic concept in finance is that risk and return are inextricably connected. If you are seeking high returns, you are going to have to bear high perceived risks. What everyone here is talking about are perceived risks. The current reality could take a turn in many different directions but in itself is not enough to warrant a complete economic and social melt down. We can find experts to quote for bull or bear directions but it all boils down to our individual feeling and perception as to who we will listen to.
Are we on the verge of a new dark age? I just don’t feel it. It just doesn’t seem like that is what is happening. We are suffering a market correction the likes of which has been predicted to happen at any time since the new year. Period. That’s all. And there will be a bounce back someday again. I am sitting tight and watching the sheep run in large groups to gold. They will run back to equity stocks again someday.It takes two to tango….fast talking crooks need to have a greedy mark or nothing happens. Once this mess is over, and the smoke clears, the stupid and greedy will have fed the smart and wicked…once again. Capitalism at its most basic game.
And people deserve the government they get…But please don;t include me in the “US” of the U.S. I vote independent but that is a waste of time. I don;t know why I bother. The only thing to do is get out of town, which is my big plan. I feel completely divorced from the U.S….I don’t want to belong here. The average american is arrogant, ignorant and naive. And the moneyed power is just plain evil. Man do I miss the naivete we had in the late 60’s when we saw all this and thought we would change it. Instead, we embraced it.
Scott,
I agree with your assessment that a coming world catastrophe will cripple all societies. Coincidentally, I also bought some land in the Central Valley by a river and a stream with enough acreage to plant a decent garden. I also have several waterfalls and the basics in place for a hook up of a small hydro power plant. Like the stock market, nobody knows when disaster will happen. All the components are in place for a major environmental problem so I have put in place a few components of my own. However, I do not live day by day thinking of this. I don’t believe it is likely to happen for a couple of decades more at least. I amy not even be around…but I certainly expect my son and wife to be around.I came down to Costa Rica last year and only looked at 8 properties all in the same area before settling on the one I purchased. I am not one of those americans who needs to spend 6 months to a year living in CR before deciding on a property or to know whether or not I can thrive in CR. I had a set of criteria in my mind before buying and I know who I am and what my limitations are after 57 years and also I know the latin rural culture quite well. (Puerto Rico and Cuba) When I found the property that met all those conditions, I bought it.
How many others are thinking like I do is an unknown. But each time I visit Costa Rica, I am impressed by the numbers of north americans that I see everywhere in the San Ramon area. It sure seems like a lot of people are buying properties there.
I do this every several months with no problem except that my Costa Rican bank requires that I change my password every 60 days. To bank via internet is called “afiliarse” in spanish.
have you ever figured out just WHO keeps electing the kind of governments we get in the U.S.? What makes a hard working man or woman making less than $100k per year continue to vote for republican representation? And the other party is only marginally better.
The same principals that keep a corrupt and harmful government in power in the U.S. will also ensure a CAFTA victory in Costa Rica. The money is in control. It always has been and probably always will be.
If you are looking for a government NOT motivated by money, you can find one (Hint: look in the Caribbean). But you probably won’t like what you see there either.read this if you have a minute or two for another take on the current market roller coaster ride.
http://articles.moneycentral.msn.com/Investing/SuperModels/WhyPrivateEquityIsABuyNow.aspxAbsurd is the belief that there is some magically efficient and fair reward system at play in the world and that most of the U.S. CEO’s have special abilities that make them worth the billions of dollars they are paid. It is similar to the unreasonable and illogical belief that a deity is rewarding good people and punishing bad people consistently.
Scott pointed out some POSSIBILITIES as to what COULD happen. However, nothing has actually happened yet. The market has been volatile but it really hasn’t suffered much loss. It is up and down. Today it is up again. At some point the roller coaster ride will be over and the market will continue to chug along as it always does.
Nobody knows for sure why or when the market moves. Everything we read about this is pure speculation…guesses,..and you can find whatever flavor of guess pleases you. There are guesses for bears and guesses for bulls and we sometimes pick the one that caters most to our personalities or wishes. Some people are just born very, very cautious and careful. They tend to worry and have a low tolerance for risk. Others can tolerate high levels of risk.
Anyway, there has been a record amount of money poured into the market in July. This money came from the institutions…the professionals. This happens while the NON professionals, retail investors, are panicking and pulling money out. If the pros are putting money in, then they obviously don;t think there is a market melt down happening.
In fact, they make money on the panicking retail investors who end up selling too low for fear the sky is falling and that they will lose all their money.I am sitting tight and calm because I am intent on growing my asets. Protecting assets is not the same as increasing assets. Protecting assets is a different game and played better in a different arena other than the stock market.
Tsk Tsk, Diego….if what you said were true, then G.W. Bush would have to rank among the most brilliant executives in the world.
Running big business does have some requirements, but it does NOT require big intellect nor extensive education nor any particular talent that the average individual does not possess. Period.
