Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Scott Burns. USA vs Mexico or Panama
Old 03-02-2007, 12:36 PM   #1
Thinks s/he gets paid by the post
 
Join Date: Mar 2006
Location: Houston
Posts: 2,155
Scott Burns. USA vs Mexico or Panama

http://www.dallasnews.com/sharedcont...s.159f94d.html

One of the truly great things about America is our national genius for finding ways to create and distribute goods at the lowest possible costs. For every dream of an inexpensive retirement in Mexico or Panama, the United States offers hundreds of out-of-the-way spots with very low living costs

What you do think? It sounds too good to me. What's the catch?

Edit to add: I don't think Mr. Burns considers Health Care cost when writing the above.
__________________

__________________
Sam is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Scott Burns. USA vs Mexico or Panama
Old 03-02-2007, 01:51 PM   #2
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,949
Re: Scott Burns. USA vs Mexico or Panama

Quote:
Originally Posted by Sam
http://www.dallasnews.com/sharedcont...s.159f94d.html

One of the truly great things about America is our national genius for finding ways to create and distribute goods at the lowest possible costs. For every dream of an inexpensive retirement in Mexico or Panama, the United States offers hundreds of out-of-the-way spots with very low living costs

What you do think? It sounds too good to me. What's the catch?

Edit to add: I don't think Mr. Burns considers Health Care cost when writing the above.
I agree. He was probably assuming that the retiree at least had Medicare.

Other than that, I don't think there's a catch. There are some very inexpensive places to live in the U.S. I am planning to move to a town in the Ozarks with a very low cost of living when it's my time for ER. A second possible location that I am considering is northern Alabama (and Alabama is very tax-friendly towards retirees).
__________________

__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is online now   Reply With Quote
Re: Scott Burns. USA vs Mexico or Panama
Old 03-02-2007, 05:27 PM   #3
Moderator
bssc's Avatar
 
Join Date: Dec 2005
Posts: 9,940
Re: Scott Burns. USA vs Mexico or Panama

In my wife's home town of Rudyard, MT, you can get a house for $20K. Of course, it is 20 miles to the hospital and 110 to a specialist.

OTOH, the skies are beautiful.
__________________
Angels danced on the day that you were born.
bssc is offline   Reply With Quote
Re: Scott Burns. USA vs Mexico or Panama
Old 03-03-2007, 08:58 AM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Scott Burns. USA vs Mexico or Panama

I wonder if one doesnt need to include a quality of life factor in these cheaper locations.

I live in a cheaper location. Quality of service at stores and restaurants sucks, not a lot of amenities unless you fish or hunt, more criminal activity, poorer education.

Does a cheap place in the boonies in the US show equal or better quality of life than someplace like Lake Chapala?
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: Scott Burns. USA vs Mexico or Panama
Old 03-03-2007, 09:11 AM   #5
Thinks s/he gets paid by the post
 
Join Date: Mar 2006
Location: Houston
Posts: 2,155
Re: Scott Burns. USA vs Mexico or Panama

Quote:
Originally Posted by Cute Fuzzy Bunny
I live in a cheaper location. Quality of service at stores and restaurants sucks, not a lot of amenities unless you fish or hunt, more criminal activity, poorer education.
As for criminal activity, I think it's more significant in cheaper locations closed to or inside a large metropolitan.

Quote:
Originally Posted by bssc
In my wife's home town of Rudyard, MT, you can get a house for $20K. Of course, it is 20 miles to the hospital and 110 to a specialist.
I'm guessing little to none criminal activities in Rudyard, MT.


Quote:
Originally Posted by Cute Fuzzy Bunny
Does a cheap place in the boonies in the US show equal or better quality of life than someplace like Lake Chapala?
Or Panama city, or Chiang Mai, or Puerto Rico ....

__________________
Sam is offline   Reply With Quote
Re: Scott Burns. USA vs Mexico or Panama
Old 03-03-2007, 09:18 AM   #6
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,949
Re: Scott Burns. USA vs Mexico or Panama

Quote:
Originally Posted by Cute Fuzzy Bunny
I wonder if one doesnt need to include a quality of life factor in these cheaper locations.

I live in a cheaper location. Quality of service at stores and restaurants sucks, not a lot of amenities unless you fish or hunt, more criminal activity, poorer education.

Does a cheap place in the boonies in the US show equal or better quality of life than someplace like Lake Chapala?
You are so right. What the author actually said was, "For every dream of an inexpensive retirement in Mexico or Panama, the United States offers hundreds of out-of-the-way spots with very low living costs". But lots of people like to retire to places like Hawaii or coastal California, so low costs of living are not their only, or even main, criteria in selecting a place. Then again, the author's statement didn't cover criteria, and he did not evaluate for subjective criteria like quality of life.

I thought it was fascinating to read about everyone's criteria in selecting retirement locations, in a thread I began a few days ago. Although there were some recurrent themes, our individuality in choices was so apparent.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is online now   Reply With Quote
Re: Scott Burns. USA vs Mexico or Panama
Old 03-03-2007, 09:31 AM   #7
Full time employment: Posting here.
 
Join Date: May 2004
Location: Worldwide
Posts: 913
Re: Scott Burns. USA vs Mexico or Panama

Where we are located in the States, AZ, is one of the least expensive places we visit. Very convenient shopping, plenty of restaurants and God forbid even hospitals.

However, and this is where Akaisha and I have some interesting “conversations” IMO, Chapala has a better quality of life hands down. Many interesting characters/stories, and I love the laidback Mexican lifestyle. The weather is terrific and healthcare very good. Plenty to do there and the beach is a few hours bus trip. Very little crime, and the locals are fiendly.

Here, every house is painted some shade of beige by law ( HOA’s) and for me it’s boring. Crime is getting worse by the year, but we do have security.

Billy
www.RetireEarlyLifestyle.com


__________________
In 1991 Billy and Akaisha Kaderli retired at the age of 38. They have lived over 2 decades of this financially independent lifestyle, traveling the globe.
Billy is offline   Reply With Quote
Re: Scott Burns. USA vs Mexico or Panama
Old 03-03-2007, 10:02 AM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2003
Location: Kansas City
Posts: 7,409
Re: Scott Burns. USA vs Mexico or Panama

Hmmm- the old story about - what are the people like here vs where you came from?

Working years - the inside of a rocket factory is pretty much the same no matter where it's located and an en-ga-neer is an en-ga - neer. For fun - you observed and copied the locals.

That said - having lived in greater(da burbs) Seattle, Denver, Baltimore, Huntsville AL, and New Orleans - I would say the greatest culture shock was New Orleans. And probably the place I'll miss the most.

The pre Katrina New Orleans is a gone pecan as they say.

12k one year - early 90's - fish camp over Lake Ponchartrain! My all time one year personal best cheap frugal.

I'll never see that again.

heh heh heh

One more thing - going into year two of MO - aka greater Kansas City - so far so good. Don't even mind the snow -yet.
__________________
unclemick is offline   Reply With Quote
Re: Scott Burns. USA vs Mexico or Panama
Old 03-03-2007, 11:26 AM   #9
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,949
Re: Scott Burns. USA vs Mexico or Panama

Quote:
Originally Posted by unclemick2
That said - having lived in greater(da burbs) Seattle, Denver, Baltimore, Huntsville AL, and New Orleans - I would say the greatest culture shock was New Orleans. And probably the place I'll miss the most.
Pre-K New Orleans always seemed like home to me, comfortable and not culture shock at all, but then I spent my formative years in Hawaii which was pretty similar in some ways (not all). After living elsewhere all over the mainland for over 20 years, I felt a tremendous relief and feeling of home as soon as I landed in New Orleans.

Quote:
Originally Posted by unclemick2
The pre Katrina New Orleans is a gone pecan as they say.
Ain' dere no mo'.

Speaking of which, Bennie Grunch has recorded since Katrina and if you are homesick for NOLA and haven't heard his recent songs/commentary, you might like them. He was one of the first to give live performances here shortly after the storm.

Quote:
Originally Posted by unclemick2
12k one year - early 90's - fish camp over Lake Ponchartrain! My all time one year personal best cheap frugal.

I'll never see that again.
Not in the New Orleans metro area, dat's fo' sho'. Even if the camps were still there, the cost of living has gone through the roof since da big K.

Quote:
Originally Posted by unclemick2
One more thing - going into year two of MO - aka greater Kansas City - so far so good. Don't even mind the snow -yet.
Save a spot for me. Frank and I should be in Springfield as soon as we can retire, in about three years, unless there is a huge improvement down here in New Orleans (and honestly I don't see that even beginning to happen). I haven't lived in the snow as an adult so I'm pretty sure there will be a learning curve involved.
__________________

__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is online now   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Scott Burns: The Critical 50’s REWahoo Young Dreamers 50 07-21-2008 12:35 AM
Scott Burns answers financial advisor's Vanguard questions Nords FIRE and Money 19 12-04-2005 12:11 AM
Scott Burn's Swan Song? Telly FIRE and Money 26 10-05-2005 01:58 PM
Scott Burns: Stay safe on retirement spending PL FIRE and Money 49 12-22-2004 11:59 AM
Scott Burns doesn't want us to retire! Telly FIRE and Money 27 11-06-2003 01:53 PM

 

 
All times are GMT -6. The time now is 11:22 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.