Comments on: Mi Ranchito http://thepanamapages.com/archives/231 a gonzo travel guide Sun, 14 Mar 2010 13:09:23 +0000 http://wordpress.org/?v=2.6.2 By: tman http://thepanamapages.com/archives/231#comment-57030 tman Sat, 05 Apr 2008 17:11:17 +0000 http://thepanamapages.com/archives/231#comment-57030 AS much as it scares me how fast real estate inflation has hit here in panama...it still holds some value for the careful investor/buyer. compared to other worse places i could think of (costa rica and most caribbean islands i know of), panama is still a better value and quality of life for the money. as cojito says...stay away from the high priced preconstruction stuff and you should be able to make significant income and modest equity increases on existing structures the next few years. naos and amador area will always hold its value in my opinion for its location, views and being on one of the 7 wonders of the world...the panama canal. gooooooo panama! now if we can just keep chavez and chavez politico wannabees out of this system, we should be all right... AS much as it scares me how fast real estate inflation has hit here in panama…it still holds some value for the careful investor/buyer. compared to other worse places i could think of (costa rica and most caribbean islands i know of), panama is still a better value and quality of life for the money. as cojito says…stay away from the high priced preconstruction stuff and you should be able to make significant income and modest equity increases on existing structures the next few years. naos and amador area will always hold its value in my opinion for its location, views and being on one of the 7 wonders of the world…the panama canal. gooooooo panama! now if we can just keep chavez and chavez politico wannabees out of this system, we should be all right…

]]> By: cojito http://thepanamapages.com/archives/231#comment-56954 cojito Thu, 03 Apr 2008 20:56:32 +0000 http://thepanamapages.com/archives/231#comment-56954 tom - things do not seem to have slowed down any. there's huge money and work coming in for various projects, older buildings are being repaired and re-painted, new roads and buildings are being built, the air port was upgraded. will that trend continue? in my experience all real estate goes up and down. if you want to get in at the bottom this is not the place to be right now. 5 years ago this was the place to be. so if you're an investor looking for a big score i'd be wary. if you're someone who wants to live here then you'll probably be fine. before i came to panama i had a flat on cape cod. i tripled my money on that. but i had to wait 14 years to do it. didn't matter to me. i was living and working there at the time. if you're patient an investment here could really pay off in a few years. keep in mind this country is still experiencing growing pains. if i were buying in panama right now i'd be looking for affordable older units in great areas that i could fix up and live in (or rent) cheap. i really think the high end in overpriced. people are fond of saying panama is getting expensive like the u.s. but it just depends how you live. it's not that expensive to live here. so long as you don't buy into some million dollar development, and have hookers and coke dealers on call 24/7. gregorio - picking up the check in central america is still cheaper than dating girls back in the u.s. todbals - nice. sweet location for an apartment. i thought la terraza changed hands. don't know what became of mike. tom - things do not seem to have slowed down any. there’s huge money and work coming in for various projects, older buildings are being repaired and re-painted, new roads and buildings are being built, the air port was upgraded.

will that trend continue?

in my experience all real estate goes up and down. if you want to get in at the bottom this is not the place to be right now. 5 years ago this was the place to be. so if you’re an investor looking for a big score i’d be wary. if you’re someone who wants to live here then you’ll probably be fine.

before i came to panama i had a flat on cape cod. i tripled my money on that. but i had to wait 14 years to do it. didn’t matter to me. i was living and working there at the time.

if you’re patient an investment here could really pay off in a few years. keep in mind this country is still experiencing growing pains. if i were buying in panama right now i’d be looking for affordable older units in great areas that i could fix up and live in (or rent) cheap. i really think the high end in overpriced.

people are fond of saying panama is getting expensive like the u.s. but it just depends how you live. it’s not that expensive to live here. so long as you don’t buy into some million dollar development, and have hookers and coke dealers on call 24/7.

gregorio - picking up the check in central america is still cheaper than dating girls back in the u.s.

todbals - nice. sweet location for an apartment.

i thought la terraza changed hands. don’t know what became of mike.

]]> By: todbals http://thepanamapages.com/archives/231#comment-56952 todbals Thu, 03 Apr 2008 19:46:50 +0000 http://thepanamapages.com/archives/231#comment-56952 My reply to Tom: I've traveled and explored Panama 9 times in the last 3 years .I'm presently having a condo built there. I'm at present a Florida resident..I can perhaps give you some info. E mail me at jbt2433@earthlink.net Saludos John My reply to Tom:
I’ve traveled and explored Panama 9 times in the last 3 years .I’m presently having a condo built there. I’m at present a Florida resident..I can perhaps give you some info. E mail me at jbt2433@earthlink.net
Saludos
John

]]> By: Tom http://thepanamapages.com/archives/231#comment-56950 Tom Thu, 03 Apr 2008 18:57:13 +0000 http://thepanamapages.com/archives/231#comment-56950 I know you're constantly being pumped for info on Panama and I know there are more authoritative sources for some info; but you don't bullshit which makes you very credible. I am curious about what is happening economically there. Property here in Florida seems to have bottomed and bargain hunters are starting to buy houses again. The bad news about the economy from the press never stops but it really doesn't seem that bad here. What is your feeling about Panama? Has it slowed down and inflation been stifled. It really seemed that Panama was going to be as expensive as here. I know you’re constantly being pumped for info on Panama and I know there are more authoritative sources for some info; but you don’t bullshit which makes you very credible.

I am curious about what is happening economically there. Property here in Florida seems to have bottomed and bargain hunters are starting to buy houses again. The bad news about the economy from the press never stops but it really doesn’t seem that bad here.

What is your feeling about Panama? Has it slowed down and inflation been stifled. It really seemed that Panama was going to be as expensive as here.

]]> By: gregorio el gringo http://thepanamapages.com/archives/231#comment-56935 gregorio el gringo Thu, 03 Apr 2008 02:33:31 +0000 http://thepanamapages.com/archives/231#comment-56935 "oddly, i was expected to pay". yeah, right. if i ever meet a beautiful pana chica or colombiana that offers to pay even her half, i'll probably propose to her right then and there. i know i'll cry. that's for sure. on a serious note, let's all hope the "boom" doesn't end before they finish the cinta costera and the waste treatment project. something tells me that those big budget surpluses may be coming to an end. or, maybe they never existed in the first place. “oddly, i was expected to pay”.

yeah, right. if i ever meet a beautiful pana chica or colombiana that offers to pay even her half, i’ll probably propose to her right then and there. i know i’ll cry. that’s for sure.
on a serious note, let’s all hope the “boom” doesn’t end before they finish the cinta costera and the waste treatment project. something tells me that those big budget surpluses may be coming to an end. or, maybe they never existed in the first place.

]]> By: todbals http://thepanamapages.com/archives/231#comment-56920 todbals Wed, 02 Apr 2008 20:46:12 +0000 http://thepanamapages.com/archives/231#comment-56920 Cojito: Just thought of something,you mentioned in the past that you often stopped in at la terraza on via venito. I was in there in feb and asked for Mike and could'nt get a straight answer.How about trying to answering that question for me thanks john Cojito: Just thought of something,you mentioned in the past that you often stopped in at la terraza on via venito. I was in there in feb and asked for Mike and could’nt get a straight answer.How about trying to answering that question for me
thanks
john

]]> By: todbals http://thepanamapages.com/archives/231#comment-56919 todbals Wed, 02 Apr 2008 20:38:46 +0000 http://thepanamapages.com/archives/231#comment-56919 I'm glad that you had a good time and liked the NAOS island area. I have a condo reserved ain one of the towers being built there. Can't wait to get in. Perhaps we can attack a bottle of Flora de Cana on my balcony as the ships go by!!! john I’m glad that you had a good time and liked the NAOS island area. I have a condo reserved ain one of the towers being built there. Can’t wait to get in. Perhaps we can attack a bottle of Flora de Cana on my balcony as the ships go by!!!
john

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