Is it worth living in Panama? - Page 2

nuaeman · 12-22-2007

Its really worth if I take above discussion as a proof even Iam not ever been there but from what they all said Im feel very excited and its nice if I got a chance to just flying overthere.

MRWOOHOO · 12-22-2007

Swing on over, be prepared to have a good time. Keep looking at the forums and keep asking questions. Find out what you would like to do and then plan your trip around it.

zhinghur · 12-26-2007

wonderful suggestion MRWOOHOO .

nuaeman · 12-26-2007

Even if it's worth to live there, kinda hard for now as I'm already used and attached to my place. Anyway I believe it's a nice place for a long stay and maybe I'll go there when there's chance.

ankuranks · 12-28-2007

yes it is worthwhile to live there,a umber of reasons for that,firstly if you are an american and want to make maximum out of you money i think panama is one of the best options for getting good life with less expenses,the climate in panama is also quite better as compared to NY or chicago or any other american metropolitan city,you will fall in love with the place in sometime.

nuaeman · 12-29-2007

I believe it's a nice place for Americans and alike, but for me and I think other Asians we tend to stay behind due to various reasons.

Lalaguayaba · 12-29-2007

Panama is almost the 'other side of the world' from Asia; so combined with language and culture issues it is very, very far away indeed.
So, aside from being very far away, using a different language, have vastly different culture and sociology....
Nope..just kidding.

Cheers.

foster · 12-31-2007

Just take a look of this, and see how amazing is Panama.

jwr2001 · 01-01-2008

Panama is the place to retire. From low cost health insurance to quality living. I am building a place in Gorgona at Malibu Beach Resort. I dont plan on moving for another couple of years to Panama but I believe that most of the amenities that you get in the USA you can get in Panama-only cheaper.

triptrop · 01-31-2008

Panama has hundreds of reasons for one to live there. Beautiful country, low costs, cheap housing, wonderful people, low taxes if any, etc.

sallyxu126 · 03-05-2008

If I had the money, I would really move to Panama, and I think it is worth to do it. Firstly, the beauty of Panama attracts me very much, and if I can live in a place wih such beauty, I might have a good mood everyday. Secondly, I think I could take a good job there due to the developed trade status. But I have no money to move right now, hope I can do this in the future.

Panamax · 03-18-2008

MichaelJamesPorter · 03-19-2008

Panama has very good Health services even in the town of David. I don't think anyone has mentioned the town of Boquete yet, but various places there have been special adapted to buy land or a house and benefit from Health Care, Investment, Retiree Services and Schooling. The locals are just lovely too. I lived there with my wife for 2 years and really enjoyed it. We had to come back to France for personal reasons though.

panamaoffshorelegal · 03-27-2008

Is Panama the place for everyone? Of course not, but is any place? What does Panama do well? It's still relatively cheap, access to both oceans, mountains, rainforests, wildlife like nowhere else, friendly people. The downsides are; not enough infrastructure especially roads, bad drivers and no recycling or environmental care in the city. I have read that there are plans to fix these problems but talk is cheap.

PanamaInsurance · 04-09-2008

1. On Michael's comment Nov 2006
-"you can buy a two bedroom apartment with sea view for around $60,000!", anyone who has visited Panama lately can agree that this is no longer the case. In the city this would cost about 90 to 100k (Avenida Balboa for example)

Summary of Advantages:
1. Warm Weather
2. Stable & Growing Economy
3. Low Inflation
4. Safe Country
5. Beautiful Beach & Mountain Retreats to enjoy
6. Great Place to live if you earn money internationally, you dont pay taxes on what you earn outside of Panama.
7. Easier to get Temporary or Permanent residency than many other countries.
8. Low cost of living compared to US and Europe

Summary of Disadvantages:
1. Can be noisy in the city
2. traffic jams
3. Can be hard to find qualified employees

The bottom line is that the advantages outweigh the disadvantages greatly.

Just my opinion though.

LG

MRWOOHOO · 04-18-2008

I have lived in Panama City now for almost 3 months and I like it more and more. I currently live all the way in El Dorado but have no problems getting a cab to Via Espana within 20 min for $1-2. The cab rides are still interesting sometimes. I still occasionally have to close my eyes, lol.

buddy · 04-21-2008

Great thread!

For me it's worth living in Panama because it has everything I want and need.

Ginger · 04-26-2008

Hello,
I have read there is a "Squatters issue" in Costa Rica, when any local could legally and forever occupy foreigner owned property after the foreigner's 3 month absence from the country.
Does Panamanian law protect the foreigners rights for the property, as in the USA and Canada?

crooked69 · 05-07-2008

I to am thinking of moving to Panama. I just returned from there and did fall in love with the people and the country. I plan on coming back in july to see more (the bocas, isla grande etc.) I did talk to a developer that has quite a large project planned for the Maria Chiquita area. Any thoughts from anyone?

MRWOOHOO · 05-07-2008

Dont be in any rush to purchase anything especially pre-construction. There is ALLOT of over-priced real estate in Panama (just like Miami). Spend some time looking at this forum and researching other websites. If you "live like a local" you will do very well for yourself. I suggest avoiding the planned communities.

crooked69 · 05-07-2008

Thanks for the info. Just one question. Why do you feel that a planned community may not be the best scenario? I originally went to Panama to look for land but everyone seemed to re-direct me to the planned community. Apparently land is hard to come by (ocean front) because of Right of ownership vs. titled. So it was suggested to buy a condo first and feel out Panama before buying a piece of property. It sounded like the logical thing to do. Thoughts?

ps. I liked the forum on the girls of panama. And yes they are very beautiful and love the North American male. It's gonna cost you though..lol.