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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm hoarding money. Buying a house in cash in Costa Rica in the next 3 years, will rent it for the 7 years after that, at that time DH and I will be 49 & 50, kids will be in college and we will be PEACE OUT. This is why we live in the exurbs with a 2k mortgage. We're taking our nice NOVA salaries and banking it all and spending the minimim on housing. Im not waiting until we're 65 to live a good life.[/quote] Couple things on that: you better ensure the property has clear title, and you'll need a guard watching out for squatters, because squatting in a place for like two months means it's theirs. I've been to costa a lot. You're better off in Panama or Nicaragua. They're cheaper these days. Nica is the best of the three and less petty crime these days than costa.[/quote] For the last 3 summers we have rented a house down there for the entire summer, both DH and i have WFH flexibility and know the country inside and out. Having pratically already lived there and spending much time in Nicaragua (completely ruled that out for many many reasons, glue huffing being one). We'd live in an expat community. They cater to people like us. Communities gated and 24hr grounds keeper for those exact reasons. All homes weve looked at are income properties, and low season is summer, so really the 7 years we rent it out, well be there a good 3 months at a stretch with renters solid theough the winter.[/quote]
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