A Retiring Life on the Beach in Nicaragua, Much better in the Philippines I think

From the NY Times San Juan del Sur, Nicaragua — Today, like every day, begins with a smoothie: a blend of pineapple, melon, banana, passion  fruit, papaya, yogurt, nuts and pitaya, a Central American delicacy responsible for the bright magenta coloring of the drink in Bob Schmidt’s hand.
“One of these will fill you up and keep you going through lunch,” Mr. Schmidt, 63, said while setting aside a creased paperback and gazing out from his second story to a view of the Pacific Ocean. Surfers flitted along the surface of a neatly groomed groundswell 50 yards below his tiled-floor home, which might pass for a beachfront palace in Malibu but for the wooden plaque on the wall reading “Bienvenidos a mi hogar” (“Welcome to my home”) and the sporadic power outages typical of rural developing countries.

Mr. Schmidt and his wife, Sheri, 62, are among the estimated 3,000 foreign  property owners in this country, which, starting in the early part of this decade, followed Costa Rica’s lead as an affordable paradise for second- and retirement-home owners. When the Schmidts bought their property here in 2005, paying $200,000 for an oceanfront lot and spending about $80 per square foot in construction costs, the Sandinista leader Daniel Ortega had not yet reclaimed the presidency, and Nicaraguan real estate was booming; asking prices were selling prices.

Much has changed since then.Mr. Ortega has not only regained power, but also won a disputed ruling by the Nicaraguan Supreme Court in November that could enable him potentially to extend his reign; that and a series of unconvincing municipal elections have catapulted Nicaragua, Latin America’s poorest country (the per capita gross domestic product was $1,123 in 2008, according to the United States State Department), back into the periphery of international concern.

"Once I saw this place and this beach, that just was it,” said Mr. Schmidt,  who is originally from Southern California but worked as a livestock farmer with his wife outside St. Paul for 36 years. The couple first bought a second home on the beach at Playa Hermosa, Costa Rica, in 2002 for $150,000, calling the impulse buy “a total fluke,” and migrated to Nicaragua after his wife’s retirement in 2006.

“By the time I was ready to retire, it had already gotten so touristic down there that we just wanted to go somewhere else,” Ms. Schmidt said of Costa Rica. “And Bob wanted to be on a surf break. So here we are.”
“I think we’ll take a leap of faith,” he said. “It’s money that’s at risk, perhaps, but not any more risky than watching your 401k. And it’s a lot more fun. There’s truly an upside to it.”    Continue reading here http://www.nytimes.com/2009/12/11/greathomesanddestinations/11nica.html?_r=1&pagewanted=print

If you are going to be in the Philippines at Christmas and looking for a beach house there are many offered in Sulit classified ads.  Retire or make a 2nd home here away from the cold snow winds of the USA and make your money go 5 times further here in the Philippines

Read retire in the Philippines and some live on $500 a month  http://stayphilippines.blogspot.com/

Check out the real esate guidance here http://philippineland.blogspot.com/

Wonderful Cebu Beach estate to check out during Christmas or Sinulog  and a farm land with wonderful mountain view in Borton 4 1/2 hector  See them at Christmas here in Cebu

Households take up challenge to be chilly
Once again, Nichols has entered a local Internet message board's "furnace abstinence" contest where bragging rights and an iceberg-shaped trophy are at stake for those who can go the longest without turning on their furnaces.http://www.usatoday.com/news/nation/2009-12-13-no-heat_N.htm

Tags:  beach house tropics Philippines, Asian beach house, Philippine tree farm, Cebu beach house, Cebu farm land for sale


Jim said...

I could retire to the phillipines quite happily, bit too young for it though actually! Just out of interest, how did you find the legal issues surrounding the purchase of a house? I use In-deed at home for buying land and such.

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Ninka1993ua said...

I think that retiring somewhere close to the seaside is something similar to what i would like my old years to be. Are there seals? I just watched this amazing thing and now I want to meet it too: https://kami.com.ph/57218-he-wanted-a-selfie-turned-picture.html

Людмила Сагайдачна said...

I must tell you, for the people of the older generation is the great courage to change their environment dramatically! They really need to be young at heart and very energetic, moving to a new home, even if it is a paradise seen in their dreams during all their life. In addition, it is necessary to know about the many dangers that can trap you in a new place. It turns out that even your favorite fruits can bring trouble: https://kami.com.ph/57620-a-girl-ate-mango-sitting-in-the-sun-now-her-parents-warn-other-people-about.html
So you must be careful if you decided to follow your dream!

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