Reply to If you have 5-10 million net worth, why do you stay here?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Have you lived in S America? Or Latin America at all? I have, and went to school with many kids who were sent to US by family for safety. High net worth in many countries is a kidnapping concern. You need extra security and bodyguards. It’s really unsettling…and expensive.

Don’t get me wrong, I love Mexico, BR, Arg, etc, but with high net worth they’d be no-go’s for retirement [/quote]

Sorry my op was a bit all over the place -

I was illustrating that I don’t find the us that different than SA except for better economic opportunities…

…so for people/families that have hit networths of 5-10 million, why aren’t they buying their way into specific European towns with high QoL like the ones I mentioned

[/quote]

Because most of them have never lived abroad. Most of them don't know that the QoL can be better in these countries. Most of them have been fed the narrative that the US is the best country and best place to live in the world. Why would they think of leaving what they consider the best?[/quote]
So, I'm a child of immigrants to the US who has spent a lot of time in my parents' country.  It's a mixed bag.  Healthcare and education is better, as are worker benefits (mandatory paid leave, pensions, etc.).  Opportunities are way more limited.  An ambitious person would feel stifled.  Government bureaucracy is high and corruption is endemic.

Moving to another country isn't easy.  You have to build a new community, learn how to deal with governments and regulations, deal with language barriers, and even if you are fluent, be forever treated as an "outsider".  This is why immigrants to the US typically fall into two categories, low-education, poor people with little to lose who are desperate for economic opportunity, or high-education ambitious people who are willing to deal with the discomforts of immigration in order to have access to a career and/or make significantly more money than they would back home.

I think that I will try to spend several months out of the year in early retirement in my parents' home country.  I love the people, culture, climate, and LCOL.  But I'm not sure I would want to live there full time.  [/quote]

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