– More new evidence the Panama commercial real estate bubble is imploding
-Yes, there are large, overripe residential and commercial real estate bubbles throughout Latin America. Even if that wasn’t so, there are so many mindless government bureaucratic hurdles that it’s just not wise to attempt to build any commercial construction project from scratch- not in any large Latin city. However, many of those same hurdles somehow do not exist in when attempting such projects in smaller towns and just outside the big cites (go figure). In short, buy what you like when the bubble pops, but for now, RENT!
-According to experts, 15-20% of Latins have 24/7 internet in the home. Did you know that more than 95% of those connected use the net exclusively for social media and moronic entertainment purposes? Yes, it’s a sad state of affairs, but are percentages any different foe users in the states?
-Getting permanent residency in a Latin country is highly recommended, in fact essential. Just a year or so ago the process used to be fairly easy and straightforward- but Latin manana time slow. However, US agencies are now actively throwing up their own mindless barriers for gringos trying to obtain the necessary documents to begin that process. Why? Uncle Sam doesn’t want his sheep to leave the barn.
Today we have some first-hand accounts of the newest hurdles one must jump…
-Visit me Johnny (and Expat super-blogger John Galt) at our new joint website www.TheNewExpat.com . Its where you’ll get real “boots on the ground” info, experienced expat blogs and reports. It’s a work in progress so please be patient. We’re continually improving and expanding the format.
-Be sure to check out my “Expat Files” YouTube channel –and become a subscriber
At www.TheNewExpat.com we have a new feature: a blog written by a very trusted Latin lawyer (with great credentials). He will be blogging regularly from Central America touching on everything you want to know about Latin Legal issues such as residency, passports, contracts, S.A. corporations, banking, Trusts, courts, lawsuits, and much more. He’ll stress all manner of Latin Legal issues as they pertain to Expats. Better yet, you’ll be able to contact him and email your own legal questions too…
CONSULT WITH JOHNNY- SCHEDULE A CELL OR SKYPE CALL: Would you like a 1 on 1 personal Skype or phone consult with me? Set up a time when we can talk and sort out your own specific Latin American plans. Just put the word “CONSULT” in the subject line and send a short list of your questions and talking points to: email@example.com