What's up everyone.
I had to step in here for one moment to defend my friend and a great realtor Alitercorpsa. He hooked me up with an 11,000 Sq ft Spanish Estate for pennies on the dollar. A year ago I tried to get the place at almost triple the price. He hooked me up, and his assistant is wonderful too.
By the way AMERICAN I need to quote you real quick:
All the smart money is leaving or has left CR, if you haven't noticed.
I think all of the people who left went broke from the Villabos Brother Pyramid Sceme, and not because they thought the time was right to leave. If they are the type of people who you consider SMART MONEY, then what do you consider a degree from Florida Atlantic University?
I got a place in Florida too, for Homestead reasons. However, when you are smart with your investments, diversification is key. That's where Costa Rica makes a great alternative.
Enjoy the sunshine!
I had to step in here for one moment to defend my friend and a great realtor Alitercorpsa. He hooked me up with an 11,000 Sq ft Spanish Estate for pennies on the dollar. A year ago I tried to get the place at almost triple the price. He hooked me up, and his assistant is wonderful too.
By the way AMERICAN I need to quote you real quick:
All the smart money is leaving or has left CR, if you haven't noticed.
I think all of the people who left went broke from the Villabos Brother Pyramid Sceme, and not because they thought the time was right to leave. If they are the type of people who you consider SMART MONEY, then what do you consider a degree from Florida Atlantic University?
I got a place in Florida too, for Homestead reasons. However, when you are smart with your investments, diversification is key. That's where Costa Rica makes a great alternative.
Enjoy the sunshine!
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by BigBoxingBoss:
I think all of the people who left went broke from the Villabos Brother Pyramid Sceme, and not because they thought the time was right to leave. If they are the type of people who you consider SMART MONEY, then what do you consider a degree from Florida Atlantic University?
<HR></BLOCKQUOTE>
The Brothers is part of it. Whether they were smart or not to have money invested in the BRos. and the Cubans, the fact is there were between 5000 and 10,000 people who had money in there and they made up a large portion of the people who could pay those high Escazu and Santa Ana prices. When that money vanished it contracted the demand curve for high-end properties. Remember, a lot of those "investors" were spending like it was one big party. It meant millions of dollars of monthly spending in a small economy were a majority of the people are working for less than $100 a week. Then, the news got worse with 9/11. CR seemed to get on it's feet a little, but then the Iraqi invasion caused another contraction, and the CR economy hasn't been the same since. I think the Banco Elca fiasco could be one of the last straws for the expatriot community.
If you're looking to invest in CR, wait a little while. You'll start seing fire sales all over the place when things get worse than they are now.
There's no way the property can go any higher than it is. People were selling homes for 100K that they bought for 30k eight or 10 years before. That isn't sustainable, especially with a shrinking money pool and a government that's strapped for cash and ready to tax it's way out trouble. (They made everyone register the S.A.'s -that anonomous corporations- a little while ago. They're getting ready to go after those now, because that's where many are storing their wealth.) In addition to all that, Costa Rica has WEAK PROPERTY LAWS that don't adequately protect your investment in some cases. If property in CR was a stock, it would get a DON'T BUY or SELL rating. There's too much going on, and none of it is favorable to anyone making money, except the CR government.
Anyways, be careful and be forewarned as to what you're getting into.
P.S. Congratulations on achieving your degree. I'm sure you worked hard on it.
I think all of the people who left went broke from the Villabos Brother Pyramid Sceme, and not because they thought the time was right to leave. If they are the type of people who you consider SMART MONEY, then what do you consider a degree from Florida Atlantic University?
<HR></BLOCKQUOTE>
The Brothers is part of it. Whether they were smart or not to have money invested in the BRos. and the Cubans, the fact is there were between 5000 and 10,000 people who had money in there and they made up a large portion of the people who could pay those high Escazu and Santa Ana prices. When that money vanished it contracted the demand curve for high-end properties. Remember, a lot of those "investors" were spending like it was one big party. It meant millions of dollars of monthly spending in a small economy were a majority of the people are working for less than $100 a week. Then, the news got worse with 9/11. CR seemed to get on it's feet a little, but then the Iraqi invasion caused another contraction, and the CR economy hasn't been the same since. I think the Banco Elca fiasco could be one of the last straws for the expatriot community.
If you're looking to invest in CR, wait a little while. You'll start seing fire sales all over the place when things get worse than they are now.
There's no way the property can go any higher than it is. People were selling homes for 100K that they bought for 30k eight or 10 years before. That isn't sustainable, especially with a shrinking money pool and a government that's strapped for cash and ready to tax it's way out trouble. (They made everyone register the S.A.'s -that anonomous corporations- a little while ago. They're getting ready to go after those now, because that's where many are storing their wealth.) In addition to all that, Costa Rica has WEAK PROPERTY LAWS that don't adequately protect your investment in some cases. If property in CR was a stock, it would get a DON'T BUY or SELL rating. There's too much going on, and none of it is favorable to anyone making money, except the CR government.
Anyways, be careful and be forewarned as to what you're getting into.
P.S. Congratulations on achieving your degree. I'm sure you worked hard on it.
The fact is that Fl and C.R. have very similar property laws, Squatter's rights ect. The world is a what it is, the U.S. had the saving and loan scandel and more, it's a sellers market in Fl right now and anyone that buys now is buying high. But Fl is great, weather and all, I love it. But I love living in C.R. more, to me it's more quality of life here. <BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by American:
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by BigBoxingBoss:
I think all of the people who left went broke from the Villabos Brother Pyramid Sceme, and not because they thought the time was right to leave. If they are the type of people who you consider SMART MONEY, then what do you consider a degree from Florida Atlantic University?
<HR></BLOCKQUOTE>
The Brothers is part of it. Whether they were smart or not to have money invested in the BRos. and the Cubans, the fact is there were between 5000 and 10,000 people who had money in there and they made up a large portion of the people who could pay those high Escazu and Santa Ana prices. When that money vanished it contracted the demand curve for high-end properties. Remember, a lot of those "investors" were spending like it was one big party. It meant millions of dollars of monthly spending in a small economy were a majority of the people are working for less than $100 a week. Then, the news got worse with 9/11. CR seemed to get on it's feet a little, but then the Iraqi invasion caused another contraction, and the CR economy hasn't been the same since. I think the Banco Elca fiasco could be one of the last straws for the expatriot community.
If you're looking to invest in CR, wait a little while. You'll start seing fire sales all over the place when things get worse than they are now.
There's no way the property can go any higher than it is. People were selling homes for 100K that they bought for 30k eight or 10 years before. That isn't sustainable, especially with a shrinking money pool and a government that's strapped for cash and ready to tax it's way out trouble. (They made everyone register the S.A.'s -that anonomous corporations- a little while ago. They're getting ready to go after those now, because that's where many are storing their wealth.) In addition to all that, Costa Rica has WEAK PROPERTY LAWS that don't adequately protect your investment in some cases. If property in CR was a stock, it would get a DON'T BUY or SELL rating. There's too much going on, and none of it is favorable to anyone making money, except the CR government.
Anyways, be careful and be forewarned as to what you're getting into.
P.S. Congratulations on achieving your degree. I'm sure you worked hard on it. <HR></BLOCKQUOTE>
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by BigBoxingBoss:
I think all of the people who left went broke from the Villabos Brother Pyramid Sceme, and not because they thought the time was right to leave. If they are the type of people who you consider SMART MONEY, then what do you consider a degree from Florida Atlantic University?
<HR></BLOCKQUOTE>
The Brothers is part of it. Whether they were smart or not to have money invested in the BRos. and the Cubans, the fact is there were between 5000 and 10,000 people who had money in there and they made up a large portion of the people who could pay those high Escazu and Santa Ana prices. When that money vanished it contracted the demand curve for high-end properties. Remember, a lot of those "investors" were spending like it was one big party. It meant millions of dollars of monthly spending in a small economy were a majority of the people are working for less than $100 a week. Then, the news got worse with 9/11. CR seemed to get on it's feet a little, but then the Iraqi invasion caused another contraction, and the CR economy hasn't been the same since. I think the Banco Elca fiasco could be one of the last straws for the expatriot community.
If you're looking to invest in CR, wait a little while. You'll start seing fire sales all over the place when things get worse than they are now.
There's no way the property can go any higher than it is. People were selling homes for 100K that they bought for 30k eight or 10 years before. That isn't sustainable, especially with a shrinking money pool and a government that's strapped for cash and ready to tax it's way out trouble. (They made everyone register the S.A.'s -that anonomous corporations- a little while ago. They're getting ready to go after those now, because that's where many are storing their wealth.) In addition to all that, Costa Rica has WEAK PROPERTY LAWS that don't adequately protect your investment in some cases. If property in CR was a stock, it would get a DON'T BUY or SELL rating. There's too much going on, and none of it is favorable to anyone making money, except the CR government.
Anyways, be careful and be forewarned as to what you're getting into.
P.S. Congratulations on achieving your degree. I'm sure you worked hard on it. <HR></BLOCKQUOTE>
Originally posted by alitercorpsa:
The fact is that Fl and C.R. have very similar property laws, Squatter's rights ect. The world is a what it is, the U.S. had the saving and loan scandel and more, it's a sellers market in Fl right now and anyone that buys now is buying high. But Fl is great, weather and all, I love it. But I love living in C.R. more, to me it's more quality of life here. [QUOTE
Quality of life? Compared to the states? LFMAOYou're a good comedian.
Why don't we call a spade a spade. I think it's quality of ASS (not life) that attracts 95% of the men that live there. The other 5% are liberals waiting for a Democrat to get put in the White House again.
If you want to go live in a foreign country because of ass, then go ahead. But at least admit it. For every one American woman living in CR, there are about 35 American men...hum...what does that tell you?
There's a hear-warming story on the first page of www.amcostarica.com today about a lady who spent $500 on a title search which didn't uncover a Banco National loan taken out by the previous owner that may or may not have attached the property to it. Now she's losing her "finca" which she poured her life savings into to the gentleman who "purchased" the property for $3500 in an "auction."
The CR property laws are so weak that's it's an embarrassment. And the record-keeping system is archaic, resulting in crucial information not showing up on title searches. No way anyone can confidently buy property down there. The people of CR have no inner conflict about stealing from Americans, or witnessing it, because many feel that Americans are so rich that they will find a way to get on with their lives, even after being swindled for their life savings. Many Ticos also feel that in a way Americans deserve to be swindled amd ripped off as punishment for them coming down to Costa Rica and attempting to conquer it with their money. Also, the CR natives feel very threatened by the influx of foreigners in recent years to their country.
The CR property laws are so weak that's it's an embarrassment. And the record-keeping system is archaic, resulting in crucial information not showing up on title searches. No way anyone can confidently buy property down there. The people of CR have no inner conflict about stealing from Americans, or witnessing it, because many feel that Americans are so rich that they will find a way to get on with their lives, even after being swindled for their life savings. Many Ticos also feel that in a way Americans deserve to be swindled amd ripped off as punishment for them coming down to Costa Rica and attempting to conquer it with their money. Also, the CR natives feel very threatened by the influx of foreigners in recent years to their country.
I feel sorry for the lady
"She said she thought that a handwritten paper the judge gave her in Spanish was only an acknowledgement of a delay in the legal situation. She signed it even though she speaks Spanish poorly and did not have her eyeglasses"
Ummmm a judge in the States hands me a piece of paper written in english, I sign it without reading it........next thing you know they are holding me prisioner in Guantanamo for admitting to terrorist activities
"She said she thought that a handwritten paper the judge gave her in Spanish was only an acknowledgement of a delay in the legal situation. She signed it even though she speaks Spanish poorly and did not have her eyeglasses"
Ummmm a judge in the States hands me a piece of paper written in english, I sign it without reading it........next thing you know they are holding me prisioner in Guantanamo for admitting to terrorist activities
Quality of life is in the eye's of the person. My mother inlaw is ill, home care in the states is $100. per day not including medication. My child loves going to school here, one of the best in the country and a third less than in the States. And if you think that "ASS" is bad that's your thing.
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by American:
Originally posted by alitercorpsa:
The fact is that Fl and C.R. have very similar property laws, Squatter's rights ect. The world is a what it is, the U.S. had the saving and loan scandel and more, it's a sellers market in Fl right now and anyone that buys now is buying high. But Fl is great, weather and all, I love it. But I love living in C.R. more, to me it's more quality of life here. [QUOTE
Quality of life? Compared to the states? LFMAOYou're a good comedian.
Why don't we call a spade a spade. I think it's quality of ASS (not life) that attracts 95% of the men that live there. The other 5% are liberals waiting for a Democrat to get put in the White House again.
If you want to go live in a foreign country because of ass, then go ahead. But at least admit it. For every one American woman living in CR, there are about 35 American men...hum...what does that tell you? <HR></BLOCKQUOTE>
And you know this "fact" because? Your just in the know! And this could never happen in the States, you don't have any fraud and all the girls are virgens.
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by American:
That wasn't a smart move signing that paper without knowing what it was, but the cat was already out of the bag at that point. The property had already been sold out from under her. <HR></BLOCKQUOTE>
That wasn't a smart move signing that paper without knowing what it was, but the cat was already out of the bag at that point. The property had already been sold out from under her. <HR></BLOCKQUOTE>
Alitercorpsa....I lived there for a decade. That makes me an expert on ex-Patriot living there. That's where I get my facts from.
Here's another fact for you. In surveys conducted on consumer confidence, real estate agents were deemed less trustworthy than used-car salesmen.
What's your point about the woman who got her property sold out from under her? That it could happen to her in the states? Please. That's f*cking weak already. Why don't you go and tell her that? I'm sure that will put it in perspective for her. That fact is Costa Rican property laws are designed with loopholes and wild-card facters that create opportunities for unsavory people to steal other's property. I will continue to advise everyone I come into contact with to not buy in CR. You should be thanking me. I'm helping make sure you kid's school stays uncrowded and that no more Americans come down there to overcrowd and spoil your little paradise. You should be kissing the ground I walk on.
Here's another fact for you. In surveys conducted on consumer confidence, real estate agents were deemed less trustworthy than used-car salesmen.
What's your point about the woman who got her property sold out from under her? That it could happen to her in the states? Please. That's f*cking weak already. Why don't you go and tell her that? I'm sure that will put it in perspective for her. That fact is Costa Rican property laws are designed with loopholes and wild-card facters that create opportunities for unsavory people to steal other's property. I will continue to advise everyone I come into contact with to not buy in CR. You should be thanking me. I'm helping make sure you kid's school stays uncrowded and that no more Americans come down there to overcrowd and spoil your little paradise. You should be kissing the ground I walk on.
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Here's another fact for you. In surveys conducted on consumer confidence, real estate agents were deemed less trustworthy than used-car salesmen. <HR></BLOCKQUOTE> I WANT TO SEE A COPY OF THIS SURVEY YOU SPEAK OF. ALSO, WAS IT IN THE STATES OR HERE.
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR> You should be kissing the ground I walk on. <HR></BLOCKQUOTE>
you can kiss my ...
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR> You should be kissing the ground I walk on. <HR></BLOCKQUOTE>
you can kiss my ...
It was in the states. Down there in Costa Rica it's even worse. There isn't even a real estate agent certification process. No background checks, no exams. If you want to be a real estate agent, all you have to do is say that your one and ...bing...you're a real estate agent. (LOL)
Am I wrong?
Am I wrong?
I would have to respecfully disagree
"That makes me an expert on ex-Patriot living there."
Doing something for 10 years doesn't turn anybody into anything, just as selling houses for 10 years doesn't turn you into an expert either, incompetence and stupidity do not disappear after 10 years
"That makes me an expert on ex-Patriot living there."
Doing something for 10 years doesn't turn anybody into anything, just as selling houses for 10 years doesn't turn you into an expert either, incompetence and stupidity do not disappear after 10 years
It is a fallacy to think that certification will stop fraud in any profession. What you know about Costa Rica you could fill a tooth and what you don't know you could fill the state of Fl with. You are a legend in your own mind. Nothing more. For you to state that you know what happened to that woman from only reading the article, is nuts at best. Shame on you for misleading anyone that will listen to you about Costa Rica.<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by American:
It was in the states. Down there in Costa Rica it's even worse. There isn't even a real estate agent certification process. No background checks, no exams. If you want to be a real estate agent, all you have to do is say that your one and ...bing...you're a real estate agent. (LOL)
Am I wrong? <HR></BLOCKQUOTE>
It was in the states. Down there in Costa Rica it's even worse. There isn't even a real estate agent certification process. No background checks, no exams. If you want to be a real estate agent, all you have to do is say that your one and ...bing...you're a real estate agent. (LOL)
Am I wrong? <HR></BLOCKQUOTE>
"I challenge you to point out one thing that isn't true"
I take the challenge
"That makes me an expert on ex-Patriot living there."
Done...I won hands down.......you are no expert in anything
Btw I think you meant expatriate not ex-Patriot LOL (unless of course that you WERE a Patriot and are not anymore)
I take the challenge
"That makes me an expert on ex-Patriot living there."
Done...I won hands down.......you are no expert in anything
Btw I think you meant expatriate not ex-Patriot LOL (unless of course that you WERE a Patriot and are not anymore)
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by wolfie_cr:
"I challenge you to point out one thing that isn't true"
I take the challenge
"That makes me an expert on ex-Patriot living there."
Done...I won hands down.......you are no expert in anything
Btw I think you meant expatriate not ex-Patriot LOL (unless of course that you WERE a Patriot and are not anymore) <HR></BLOCKQUOTE>
"I challenge you to point out one thing that isn't true"
I take the challenge
"That makes me an expert on ex-Patriot living there."
Done...I won hands down.......you are no expert in anything
Btw I think you meant expatriate not ex-Patriot LOL (unless of course that you WERE a Patriot and are not anymore) <HR></BLOCKQUOTE>
