Monday, September 19, 2005

US retirees flocking to Panama

Low cost of living, generous retiree discounts, and low crime rates have induced many US retirees to settle down in Panama. (MSN)
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3 comments:

Eli Blake said...

The Sept. 7 edition of the Arizona Republic had an article about a small town called Alamos about 270 miles south of Douglas where so many Americans have moved there to retire that the locals are complaining that they are being driven out of the housing market.

Hopefully the people in Panama are being a bit less pushy than that and not causing problems with the locals.

4:29 AM
Anonymous said...

Haha...wishful thinking, Eli. Land prices alone in many high-amenity locales in Panama have risen upwards of twenty-fold just within the past five years.

8:59 PM
Taylor Kirk said...

When I lived in Costa Rica I was shocked by how many other Americans there are there. The funny thing is, they seem to cluster in these little pockets where everyone speaks English and is American. Here in NYC we have little pockets of different groups, for example I live in an area that used to be called Little Ukraine. Would those pockets in CR be called Little USA?

10:07 AM

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