Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 12-29-2015, 07:28 AM   #21
Recycles dryer sheets
 
Join Date: Oct 2009
Posts: 417
If you're considering one of the smaller islands spend some time in the local grocery and hardware stores. Make sure not only are the products you want are offered but make sure there are adequate quantities. We've found some island have limited supplies of even common household items. And the locals know when the boats come in and are waiting for them.
What about Bonaire? Beautiful island, still a Dutch protectorate, good groceries and supplies, awesome beach diving.
__________________

__________________
You do not have a soul. You are a soul. You have a body.
folivier 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!

Old 12-29-2015, 07:37 AM   #22
Dryer sheet aficionado
 
Join Date: Jun 2015
Posts: 31
Quote:
Originally Posted by HadEnuff View Post
I've been to a few of those places, as well as Costa Rica and PR...and had myself plenty of fantasies about living in a few of them..

I don't think I could pull the trigger on full time residence in a 3rd world country as an expat...

How about you? Any of those places seem like a place you could LIVE, as opposed to visit on a vacation junket?

My son fantasized about living in Hawaii, and tried it and found that living in a place like that is completely different from being on vacation in a place like that. His experience more or less confirmed what I'd thought I'd feel like.
I think we're probably on the same page. If money were no object and I could live part time in the states and extended time in the islands that would be the preferred choice. I'm a couple years out from ER at about 50. Not sure how realistic it'll be to carry the cost of that lifestyle. I have a place in TN and FL now but I also have a nice paycheck coming in. I have some decisions to make on how to work it after ER.
__________________

__________________
hopeisnotaplan is offline   Reply With Quote
Old 12-29-2015, 08:29 AM   #23
Thinks s/he gets paid by the post
Nemo2's Avatar
 
Join Date: May 2011
Location: Belleville, ONT
Posts: 4,298
1) Perhaps read Herman Wouk's 1965 novel Don't Stop the Carnival.
Don't Stop the Carnival by Herman Wouk €” Reviews, Discussion, Bookclubs, Lists


2) I recall an episode of Herman's Head where the whole gang visits an island; Herman falls in love with, and ends up buying, a bar.

He soon finds that operating the bar is untenable, and is amazed when the previous owner offers to buy it back, (at a fraction of the price paid)........Herman asks him why he'd do that, since it's impossible to make a living from the bar........the answer was to the effect that "I don't make money by operating the bar, I make money by selling it to, and then buying it back from, people like you".





Perhaps spend a little (extended) time in the islands before making a relocation decision?
__________________
"Exit, pursued by a bear."

The Winter's Tale, William Shakespeare
Nemo2 is online now   Reply With Quote
Old 01-02-2016, 12:33 AM   #24
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Ed_The_Gypsy's Avatar
 
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,292
I have been told that Belize is the cheapest place to live in the Caribbean.

We have visited San Pedro and Palacentia. It seemed like Spring Break 365 days a year.

Is that what you want? If so, OK.

Sent from my SM-G900V using Early Retirement Forum mobile app
__________________
my bumpersticker:
"I am not in a hurry.
I am retired.
And I don't care how big your truck is."
Ed_The_Gypsy is offline   Reply With Quote
Old 01-02-2016, 12:35 AM   #25
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Ed_The_Gypsy's Avatar
 
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,292
Quote:
Originally Posted by Nemo2 View Post

2) I recall an episode of Herman's Head where the whole gang visits an island; Herman falls in love with, and ends up buying, a bar.

He soon finds that operating the bar is untenable, and is amazed when the previous owner offers to buy it back, (at a fraction of the price paid)........Herman asks him why he'd do that, since it's impossible to make a living from the bar........the answer was to the effect that "I don't make money by operating the bar, I make money by selling it to, and then buying it back from, people like you".

Perhaps spend a little (extended) time in the islands before making a relocation decision?
Welcome to Belize.


Sent from my SM-G900V using Early Retirement Forum mobile app
__________________
my bumpersticker:
"I am not in a hurry.
I am retired.
And I don't care how big your truck is."
Ed_The_Gypsy is offline   Reply With Quote
Old 01-02-2016, 07:14 AM   #26
Thinks s/he gets paid by the post
Nemo2's Avatar
 
Join Date: May 2011
Location: Belleville, ONT
Posts: 4,298
Quote:
Originally Posted by Ed_The_Gypsy View Post
Welcome to Belize.
Been there and walked crawled out of this:





__________________
"Exit, pursued by a bear."

The Winter's Tale, William Shakespeare
Nemo2 is online now   Reply With Quote
Old 01-02-2016, 08:11 AM   #27
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
kcowan's Avatar
 
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 5,705
Send a message via Skype™ to kcowan
Quote:
Originally Posted by HadEnuff View Post
which Caribbean Islands have you visited?
Antigua, Barbados, Jamaica, St Lucia, St Martin, Bahamas, Cancun, Martinique, Key West. Some of them multiple times. Loved them.

Great places to visit but living there is a different question! My personal choice would be St Martin except for the cost of everything. Key West if plane service was more effective. East coast of Mexico for price performance reason just avoid the high tourist areas (Probably includes Belize.).
__________________
For the fun of it...Keith
kcowan is online now   Reply With Quote
Old 01-02-2016, 11:56 AM   #28
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Ed_The_Gypsy's Avatar
 
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,292
Puerto Rico pops up from time to time here. A recent TV show stimulated me to look again and I found this info in Trip Advisor from residents: retirement in Puerto Rico - Puerto Rico Forum - TripAdvisor

I found it interesting that one commenter observed that crime in PR is less than (what I assume to be) the Lake Chapala area of Mexico.

From a separate source I hear that doctors and other health care professionals are leaving PR.

Caveat: I have never been to PR.
__________________
my bumpersticker:
"I am not in a hurry.
I am retired.
And I don't care how big your truck is."
Ed_The_Gypsy is offline   Reply With Quote
Old 01-02-2016, 12:08 PM   #29
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Ed_The_Gypsy's Avatar
 
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,292
Here is another useful link on PR: Puerto Rico forum, forum expat Puerto Rico
__________________
my bumpersticker:
"I am not in a hurry.
I am retired.
And I don't care how big your truck is."
Ed_The_Gypsy is offline   Reply With Quote
Old 01-02-2016, 06:31 PM   #30
Full time employment: Posting here.
Markola's Avatar
 
Join Date: Nov 2013
Posts: 545
I don't know that DW and I could fully ER anywhere offshore but I've read good things about Panama, as others above said. The currency is the US Dollar so there is no exchange rate risk. Johns Hopkins has a hospital there. The government has put in policies to attract retirees, like a discount scheme for them on many goods and services. They are used to having Americans around given the canal days. Panama has some Caribbean islands, too, I understand.


Sent from my iPad using Early Retirement Forum
__________________
Markola is offline   Reply With Quote
Old 01-03-2016, 06:08 AM   #31
Recycles dryer sheets
 
Join Date: Mar 2014
Location: Islands
Posts: 330
I think there are many great responses here.

Like you, I have entertained the idea and researched the subject a bit.

My advice is visit for more than a week or two, try a month or two first. Vacationing and living are not the same as has been mentioned. Even then, once you decide, rent for at least one year. The majority of the time the move does not "stick" for various reasons.
You don't want this to be a financial mistake.

One negative I have read is that as an expat you are treated differently than locals. Hard to expand upon that but it is worth noting.

Good luck and keep us informed. And FWIW, I would consider the BVIs, Grand Cayman, Aruba and especially Turks and Caicos as well as Costa Rica and Panama. I would personally avoid the Bahamas, St Lucia, Jamaica, the DR.
__________________
Travelwanted is offline   Reply With Quote
Old 01-05-2016, 09:17 AM   #32
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
kcowan's Avatar
 
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 5,705
Send a message via Skype™ to kcowan
Quote:
Originally Posted by Travelwanted View Post
My advice is visit for more than a week or two, try a month or two first. Vacationing and living are not the same as has been mentioned. Even then, once you decide, rent for at least one year. The majority of the time the move does not "stick" for various reasons.
You don't want this to be a financial mistake.

Yes. There are many cases of people buying on the beach to party likes it is vacation. If there is not a viable expat community, it will not be pretty.

(We rented for 3 weeks, 2 months, 3 months before buying. We rented on the beach and off the beach. We chose off the beach and north facing overlooking the bay at 37 meters above sea level. Sun is not your friend in the tropics.)
__________________
For the fun of it...Keith
kcowan is online now   Reply With Quote
Old 01-05-2016, 10:36 PM   #33
Full time employment: Posting here.
 
Join Date: Aug 2009
Posts: 522
Quote:
Originally Posted by kcowan View Post


Yes. There are many cases of people buying on the beach to party likes it is vacation. If there is not a viable expat community, it will not be pretty.



(We rented for 3 weeks, 2 months, 3 months before buying. We rented on the beach and off the beach. We chose off the beach and north facing overlooking the bay at 37 meters above sea level. Sun is not your friend in the tropics.)

kc, what are the prices like in PV now. Are they down because of the strong dollar, or are the places priced in dollars?


Sent from my iPad using Early Retirement Forum
__________________
bmcgonig is offline   Reply With Quote
Old 01-06-2016, 08:32 AM   #34
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
kcowan's Avatar
 
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 5,705
Send a message via Skype™ to kcowan
Quote:
Originally Posted by bmcgonig View Post
kc, what are the prices like in PV now. Are they down because of the strong dollar, or are the places priced in dollars?
They declined steadily after 2008 and yes also in USD. A friend was able to upgrade for $110,000 last year and the same upgrade would have been $175,000 in 2008.
__________________
For the fun of it...Keith
kcowan is online now   Reply With Quote
Old 01-06-2016, 08:42 AM   #35
Full time employment: Posting here.
BTravlin's Avatar
 
Join Date: May 2010
Posts: 994
I'd be cautious about the FL Keys due to flooding becoming a major problem.

As Florida Keys flood, property worries seep in

Real Estate News: Flooding Threatens Florida Keys' Property Value Despite Boom : Home : Realty Today

That being said, I do live on the island of Cozumel but elevations here are higher than the Keys so I should have a few more good years here before I have to worry.

DW and I live in a condo on the water facing the mainland and love it here.

Pros:

- nice size expat community of Americans and Canadians
- many locals speak English
- great selection of restaurants
- low cost of living except for gasoline and electricity
- excellent scuba diving along with most other water sports
- golf course
- international airport
- 40 minute ferry ride or 10 minute commuter flight opens the mainland up to travel opportunities
- locals are extremely friendly and welcoming compared to most Caribbean island I've visited
- plenty of American products in the groceries but you will pay more for them
- lots of free cultural events in the main park
- 20 miles of open public beach on the east side
- crime is low and mostly limited to burglaries and purse snatchings

Cons:

- cruise ship destination with big influx of visitors during the day but they're all gone by 6 pm
- cooling my 1,800 SF condo costs as much as it did to cool my 4,300 SF home in the U.S.
- Dengue a possibility during rainy season (5 yrs with no problem for us)
- finding a certain product for maintenance can result in a city-wide easter egg hunt (example: yesterday I spent 2 hours searching for fittings to connect a new water tank to my reverse osmosis treatment system)
- possible hurricanes but true of all the islands

Live on any island at least six months before making a commitment since it is a different way of life and not for everyone. Also, try both waterfront and inland locations before making a decision as they are two very different lifestyles.

Thoughts on some of the other islands I've visited:

The BVI is stunning and one of my favorites but they are terribly expensive and the locals seem to just want you to spend your money and leave quickly. Product availability seemed much worse than Cozumel.

The Turks and Caicos are also gorgeous but very expensive and there just doesn't seem to be that much to do there other than the beach and water activities.

St. John in the USVI is even prettier but also very expensive with limited activities and services.

Under different circumstances I would have to give Dominica a try. More of an old time Caribbean island with a lot of potential. Probably not for you but if I were a little younger and single that is where I would go.
__________________
Wherever you go, there you are.
(In other words, no whining!)
BTravlin is offline   Reply With Quote
Old 01-06-2016, 06:13 PM   #36
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Ed_The_Gypsy's Avatar
 
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,292
BTravlin, thanks!

Vital information from one who has done it.

Sent from my SM-G900V using Early Retirement Forum mobile app
__________________
my bumpersticker:
"I am not in a hurry.
I am retired.
And I don't care how big your truck is."
Ed_The_Gypsy is offline   Reply With Quote
Old 01-08-2016, 01:12 PM   #37
Recycles dryer sheets
 
Join Date: Mar 2013
Posts: 260
Huge fan of Grand Cayman, been there 5 times, looked at Condos last time. My wife and I both SCUBA dive. Highest per capita income and lowest crime rate in the Caribbean (at least at one time recently I am told). We are considering buying a condo to escape New England winters Jan-Mar. Love it there, but would be bored there year round. Smaller condos are still pretty affordable, looked at some large 2 bedrooms on the water for around $300k. 7% one time fee to the government, then no taxes of any kind after that.
__________________
doneat54 is offline   Reply With Quote
Old 01-14-2016, 10:43 AM   #38
gone traveling
 
Join Date: Jan 2016
Posts: 62
To avoid double posting no no: Where to retire to
__________________
OldPro is offline   Reply With Quote
Old 01-21-2016, 11:38 AM   #39
Thinks s/he gets paid by the post
Milton's Avatar
 
Join Date: Apr 2007
Posts: 2,061
Quote:
Originally Posted by Cobra9777 View Post
Check out Las Terrenas in the Dominican Republic. It's very popular with expats from Europe and is starting to be discovered by Americans as well. I have a good friend who bought a condo right on the beach....We've never been but we'll probably make a trip to stay with him next year.
Las Terrenas is indeed a nice place. As noted, most expats in the unspoiled Samana region are European (especially French) and Canadian. Not sure if you would consider the relative absence of fellow Americans to be a pro or a con; but if the latter, you would probably prefer Caberete or Luperon.

Las Terrenas is a smallish town and somewhat geographically isolated. The nearest airport (Presidente Juan Bosch) is a good half-hour drive away; I think Jet Blue operates flights to and from NYC but most international flights are seasonal and to European or Canadian destinations. The airport in Santo Domingo has very frequent flights to Miami but is a significantly farther drive away.

There is currently no golfing in or near Las Terrenas.

Dominicans are lovely, friendly people but relatively few speak fluent English. Life there will be much richer if you speak good Spanish.
__________________

__________________
"To know what you prefer, instead of humbly saying Amen to what the world tells you you ought to prefer, is to have kept your soul alive". Robert Louis Stevenson, An Inland Voyage (1878)
Milton is offline   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
Cruising The Caribbean ShokWaveRider Life after FIRE 17 03-03-2005 05:08 AM
Back in the Caribbean..... Finally. ShokWaveRider Life after FIRE 3 11-22-2004 03:09 PM

 

 
All times are GMT -6. The time now is 09:35 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.