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My friend Bob Adams recently wrote this report about the Panama economy compared to other countries. If you’re considering investing overseas, you will find this an interesting read:
I moved to Panama because I wanted to live in a place where I’d never need an air conditioner or heater again. Where I live, in the highlands, it is spring like weather year round. My electric bill is about $20 a month. Yet, I’m only 1 hour to the Pacific Ocean.
I also wanted to live in a place where the economy is strong and the government is stable. There is no political or racial tension. There is no strong left ideology or strong right ideology – everyone just gets along in Panama. It’s so refreshing especially after living in the very divided US.
There are great real estate opportunities in Panama too. And not hardly any competition. All the creative techniques we teach at CashFlowDepot work in Panama too! The only exception is subject to transactions — there is not much opportunity for that since 90% of the homes are free and clear.
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