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wiganer
Joined: 13 Jul 2010
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 Posted: Thu Feb 03, 2011 3:15 am Post subject: Re: Retiring in South America.... |
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| methdxman wrote: |
I think the top places right now are Peru, Colombia, Chile, Brazil, Uruguay and Panama (in no order). It's a bit of an exaggeration but people are calling Lima the next Dubai. Hah.
Latin America is growing steadily GDP wise, but don't believe all the hype yet. Latin America has many, many hurdles to overcome. I think Asia has a much more compelling growth story. I'm actually quite pessimistic about Latin America because of the political instability and because of the s-load of oil reserves sitting in Venezuela. |
That is a massive exaggeration but Lima has improved enormously, my old lady went back last year and was amazed how much it has improved and how it was a lot safer to walk around. I don't know if it will be the next Dubai but I think in the next 30-50 years Lima will become a nice place to live, I mean - it isn't that now outside of places like Miraflores and San Isidro but the government need to claim the city centre and clean up districts like La Victoria.
I would love to retire in Malaysia personally. Somewhere like Penang would do nicely. You can get a nice apartment there for a good price and visa laws and PR aren't all that hard to get hold of.
But if I had to choose anywhere in South America it would be Argentina.
What Spanish speaking South America should do is unify under one government. I hope this will one day happen - or at least unify Ecuador-Peru-Bolivia into one country, Colombia-Venuzuela into another, Argentina-Uruguay-Paraguay into another state. So you have these new states running along Brazil, Chile and the Guyanas.
Central America could do with downsizing the many national borders it has also. |
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Vagabundo
Joined: 26 Aug 2010
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| Posted: Thu Feb 03, 2011 4:34 am Post subject: Re: Retiring in South America.... |
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| wiganer wrote: |
| methdxman wrote: |
I think the top places right now are Peru, Colombia, Chile, Brazil, Uruguay and Panama (in no order). It's a bit of an exaggeration but people are calling Lima the next Dubai. Hah.
Latin America is growing steadily GDP wise, but don't believe all the hype yet. Latin America has many, many hurdles to overcome. I think Asia has a much more compelling growth story. I'm actually quite pessimistic about Latin America because of the political instability and because of the s-load of oil reserves sitting in Venezuela. |
That is a massive exaggeration but Lima has improved enormously, my old lady went back last year and was amazed how much it has improved and how it was a lot safer to walk around. I don't know if it will be the next Dubai but I think in the next 30-50 years Lima will become a nice place to live, I mean - it isn't that now outside of places like Miraflores and San Isidro but the government need to claim the city centre and clean up districts like La Victoria.
I would love to retire in Malaysia personally. Somewhere like Penang would do nicely. You can get a nice apartment there for a good price and visa laws and PR aren't all that hard to get hold of.
But if I had to choose anywhere in South America it would be Argentina.
What Spanish speaking South America should do is unify under one government. I hope this will one day happen - or at least unify Ecuador-Peru-Bolivia into one country, Colombia-Venuzuela into another, Argentina-Uruguay-Paraguay into another state. So you have these new states running along Brazil, Chile and the Guyanas.
Central America could do with downsizing the many national borders it has also. |
that will NEVER happen (unifications along your lines) at the very least within our lifetimes.
Let's take the example of Colombia and Venezuela.. which originally WERE one country after the liberation of the region by Simon Bolivar. They share an indentical cultural heritage.
the modern cultures aren't completely identical, but most certainly identical to the outside observer. The people should get along famously, but they do NOT, and this sentiment is even higher among the ruling political elites (Ven-Colombia tensions far predate Chavez and US support of Uribe)
btw, I'd agree on Malaysia being one of the top places in Asia. Their visa requirements, etc are the best on the continent and with Air Asia having its hub in KL, trips to almost anywhere in Asia are a puny fare away
(compare that to utterly and and sinisterly overpriced flights out of Korea) |
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Paddycakes
Joined: 05 May 2003
Location: Seoul
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| Posted: Thu Feb 03, 2011 4:51 am Post subject: |
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You people got it all wrong.
Angeles City in the PI is the place to be... |
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northway
Joined: 05 Jul 2010
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| Posted: Thu Feb 03, 2011 5:51 am Post subject: |
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| Paddycakes wrote: |
You people got it all wrong.
Angeles City in the PI is the place to be... |
...if you like little girls. |
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mises
Joined: 05 Nov 2007
Location: retired
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| Posted: Thu Feb 03, 2011 7:27 am Post subject: Re: Retiring in South America.... |
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| methdxman wrote: |
I think the top places right now are Peru, Colombia, Chile, Brazil, Uruguay and Panama (in no order). It's a bit of an exaggeration but people are calling Lima the next Dubai. Hah. |
Was just in Lima. It is not the next Dubai. Peru is benefiting from a commodity boom (so are Chile and Brazil).
Uruguay probably has the right mix of low-cost, European culture, beautiful scenery and a nice cities too. Punta del Este is very nice. |
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jvalmer
Joined: 06 Jun 2003
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| Posted: Thu Feb 03, 2011 8:54 am Post subject: Re: Retiring in South America.... |
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| methdxman wrote: |
| Latin America is growing steadily GDP wise, but don't believe all the hype yet. Latin America has many, many hurdles to overcome. I think Asia has a much more compelling growth story. I'm actually quite pessimistic about Latin America because of the political instability and because of the s-load of oil reserves sitting in Venezuela. |
The not believing the hype comment is so true. I believe in the 60's Latin America was in the same position Asia is now. Basically they were supposed to be the up and coming nations and the 'next' economies, the Philippines was one of the promising countries too BTW. We all know how that ended, no Latin American country has filled that roll yet and they are still in the same position, whereas in Asia there are a handful of economies that are first world. |
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Vagabundo
Joined: 26 Aug 2010
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| Posted: Thu Feb 03, 2011 9:01 am Post subject: |
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Brazil has the necessary resources to be Latin America's boom nation.
The oil find just south of Rio was huge.
they'll be a net oil exporter within a decade.
also as global demand for food continues to skyrocket they're one of the world's breadbaskets (and meat producers) |
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mises
Joined: 05 Nov 2007
Location: retired
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| Posted: Thu Feb 03, 2011 9:05 am Post subject: |
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brazil is the country of the future and always will be
http://news.bbc.co.uk/2/hi/business/4460068.stm
Due to Chinese demand and American money printing the global commodity markets are hot. Brazil (and Chile/Peru) do not yet have the institutions necessary to prosper outside of this boom.
Much of the Brazil hype is Goldman et al pushing their BRIC story, which feeds them a healthy mint in profits. |
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Vagabundo
Joined: 26 Aug 2010
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| Posted: Thu Feb 03, 2011 9:08 am Post subject: |
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| mises wrote: |
brazil is the country of the future and always will be
http://news.bbc.co.uk/2/hi/business/4460068.stm
Due to Chinese demand and American money printing the global commodity markets are hot. Brazil (and Chile/Peru) do not yet have the institutions necessary to prosper outside of this boom.
Much of the Brazil hype is Goldman et al pushing their BRIC story, which feeds them a healthy mint in profits. |
you could've bought Brazilian stocks or bonds and made healthy profits yourself.
If political stability continues and they continue to address the class/wealth inequalities, Brazil has the most resources looking forward. |
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mises
Joined: 05 Nov 2007
Location: retired
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| Posted: Thu Feb 03, 2011 9:28 am Post subject: |
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| I strongly doubt it. This isn't within the scope of this thread. |
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