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The lure of living south of the border: tropical weather, bargain prices and a slower pace of life attract retirees to Latin America.(LIVING WELL)
- Article from:
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Kiplinger's Retirement Planning Guide
- Article date:
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September 22, 2007
- Author:
- Povich, Elaine S.; Dobkin, Leah
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Copyright informationCOPYRIGHT 2007 The Kiplinger Washington Editors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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[ILLUSTRATIONS OMITTED]
THE FIRST TIME DWIGHT FORD VISITED PANAMA City two years ago, he was in for a big surprise. "I thought I would see guys pulling banana carts" he recalls. Instead, he found a thriving capital city and international banking center. "The value was staring me in the face." So was the prospect of a blissful retirement in a 31st-floor penthouse condominium over-looking the Pacific Ocean.
Dwight and his wife, Marciana Wilkerson, who lived outside Washington, D.C., put l0% down on two side-by-side condos selling for about $440,000 each when the luxury high-rise was under construction. Today, the condos in the fashionable commercial district of Punta ...