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p.a.whitney

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About p.a.whitney

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    centralamericanliving
  1. I too was under the same impression. Maybe it was the sell exchange rate that can't fall under 500.
  2. Hey Joe, Thank you for your questions and well thought concerns. You are right on both of your main issues, but it is not as bad as you may think. Yes, the laws have changed, but nothing prohibitive or drastic and not even really on the issues that you directly addressed. An earlier poster, Mark, is right….none of the new laws really have much of an effect on someone like you. You want to buy a place and live here for a few months out of the year, then none of these laws apply to you. The new laws deal with residency status and not your power to purchase property. As an American you can buy property here as easily as a local. As far as prices going down, yes, we saw that happen for 08 and 09, but investors are showing up now and we are very busy. I am the broker for Coldwell Banker in Manuel Antonio and Parrita is just 20 minutes from here. I just sold a property in the Parrita area this week and I can tell you many buyers are coming down from the States right now. This is a great time to buy, a very good time to buy and I am not the only one who has noticed this. Investors are showing up and the good deals are getting bought up. So there you have “my 2 cents”. I know it can be pretty daunting the whole idea of buying property down here, but remember one thing…. Costa Rica depends on our gringo dollars to make their economy work. They are not going to kill the Golden Goose. Let me know if there is anything I can do to help. I know the area you are talking about very well and if want me to show you around when you are here, I would be happy to help.
  3. That really depends on what kind of car you want or will need. The roads can be rough here and those living off the beaten track and down a dirt road oftentimes need an off road vehicle during the rainy season. Newer four wheel drive vehicles here can be very expensive and the annual taxes (marchamo) are based on the value of your car. There are many dealerships here that sell new and used vehicles in San Jose. You can even find certified used cars at some dealerships such as Toyota. Check out www.crautos.com and you'll be able to get an idea of what it costs to buy a car here. The webpage even has a blue book feature to get a ballpark figure for the value of a car based on the make, model and year.
  4. Yes you can buy a house for 100k and it doesn’t have to be a Tico house with no hot water. But location will be the most important factor in your equation.
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