I am new here and I hope this is the most appropriate place to post this message. I am a resident of the Republic of Panama and a citizen of the
United States. I'm rather conservative in my views compared to a lot of what I have seen on this site, but I do think that some of you might like to
explore what it would be like to move out of the United States to somewhere relatively safe (as can be in the world we are living in). I have a
commercial interest in suggesting that Panama might be a good alternative, which I admit up front. I sell real estate. That being said, I might not
have exactly the real estate you would be looking for, so don't let my profession keep you from discovering what Panama has to offer.
Panama is among the most private places to do banking in the world.
There is a very short distance from farm to table when it comes to food.
Panama has mountains, islands and beaches--lots of places to tuck into that are way off the beaten track.
Panama also has secure and defensible 'normal' communities capable of going off grid and being self-sufficient.
Panama has abundant water (it rains a lot here) and no extremely cold areas. The most you'd ever need is a sweater and maybe a fire at night if you
are way up in the mountains.
Panama offers incentives to those who invest here and a very generous plan for those who retire on a fixed income, regardless of age as long as the
income can be proven from a recognized source.
Expatriates have been making Panama their home for a hundred years and the Panamanians are used the presence of foreigners.
Panama itself is a melting pot made up of immigrants. It has a peaceful and democratic form of government.
Panama has no military.
Panama has a moderate cost of living and good medical facilities that are way cheaper than other modern nations. It is not socialized, but it is
subsidized, even for visitors if you go 'government' hospital. Private is more expensive, but still a fraction of anything you'd see in the U.S.
I have written two posts on my blog that address the coming economic storm and what that means to Panama--both day-to-day life and the bigger picture
when it comes to banking and money issues.
If you look at property, you will soon notice that it is not 'dirt cheap' to buy here and I wouldn't claim that it is. I think the property is
good value for $$ but they aren't giving it away and the real estate market (outside of Panama City where there are some issues) is pretty solid.
There are alternatives to taking it on the chin in the USA, Europe and all the other over-leveraged nations of the world. Consider your choices and do
some research. Panama is not the only place, but I do think it is one of the soundest and secure countries and offers so much in terms of natural
beauty and recreation as well as a broad choice in lifestyles. If you dig around our website you can read articles I've written on the different
areas to consider. We handle property outside the city almost exclusively. You can reach the main website from the blog and you can reach our office
through the website.
[edit on 21-2-2009 by lleuth]