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jincr

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About jincr

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  1. That's the guy, thanks jal, I knew someone would know him.
  2. There's a Canadian guy, I can't recall his name, who is quite well known, he has a website. He also builds homes here, using SIPs and other north American products/methods. His charges a fair bit, but he could save you from making a big mistake. A friend hired him for an inspection, and asked me to tag along, and I have to say, he knows his stuff. He was on the property for several hours. He does tend to ramble on a bit, but he will give you a good honest opinion and also can tell you what replacement costs are for a particular type of home. I'm sure someone here knows who I mean...if
  3. p.s. If you look at all the RE for sale in CR, you will see a lot of ads saying selling 'below market value', which is obviously untrue, but what I think they might mean is that the property is selling for below replacement cost, and although people tend to exaggerate in these ads, especially RE agents, I have seen some luxury properties for sale where it was definitely true. (Pretty easy to calculate replacement costs of a building if you know the square footage and local costs). So you might wonder why people are selling for below replacement cost. Good chance they were grossly overc
  4. I used to make my living trading the Canadian dollar, so I have a little insight. It sure looks to me that the loonie will hang around 75 to 85 cents for the next year or two at least. Once a major trend is established, it usually runs for several years, even decades. But things are changing so rapidly now I think the moves will be shorter. I have been short the loonie from above par to where we are now. I started to cover (buy loonies) this week. I am very happy to be able to buy at anything around 75 to 79 cents. I will probably go a little long the loonie at 75 cents, and really long at
  5. @costaricafinca Yes we pay the gardener's caja etc and when the property changed hands we paid his liquidacion, which amounted to about 600k for 2 years. So even though he never lost his job, we paid him as it really doesn't matter to me if he gets paid sooner or later, and the bill was sent to the former owner, who will look after it. Again, these costs are generally split by four families on a large property, so the liquidacion cost $300 each, approximately. Not going to break anyone. But it could be a good point to remember, if you bought a property with a long term employee, it'd
  6. The good news is the devaluation will make CR more affordable to everyone that has income or investments in dollars. Prices are definitely out of whack here. I'd say a 20% devaluation would start to get things back to where CR should be. just a very rough guesstimate.
  7. sorry that you didn't seem to understand my posts Eleanor, I clearly stated I did not buy here but received a property as part of a settlement. I also did not say the big risk is failure of financial institutions (although that is certainly possible) but the much more obvious one of devaluation. I don't mind criticism at all, but helps if you at least get your facts right, otherwise you're just totally misrepresenting what I wrote. And if you think you're going to be quick enough (or even allowed) to pull your money out of a bank here before a devaluation happens, well, you deserve what
  8. Oh, and one last thing, as an ex-financial services employee with 25 years international experience in currency and debt markets, i would, in the absolute strongest possible way, urge anyone to avoid at all costs putting any money in any financial institution here, especially to earn a return in colones. I absolutely guarantee you that the colon will devalue significantly at some point in the (near? probably not, likely within 3 years) future, more than wiping out any interest that you might get, and that says nothing about the security (or lack thereof) of your principal. Think Argentina,
  9. My RE experience here is almost certainly unique, and probably opposite to almost everyone else posting here. Without going into details, I accepted a property in CR as compensation for a business transaction, although I really, really had absolutely no interest in Costa Rica and my first trip here was to check things out and decide if I would agree to this deal. My honest first reaction was, I can see why I never had the desire to visit CR before. I have lived in Bogota, Lima and Buenos Aires for years, and loved every minute of it. What I saw of San Jose made me cringe. One of th
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