Comments on: Today I Had my Eleventeenth Call Of The Week About Land — Let’s Take A Look

By: BawldGuy

BawldGuy — Tue, 10 Mar 2009 01:16:04 +0000

Hey Keith — To each his own. I’ve looked in several western hemisphere countries myself. Costa Rica isn’t politically stable enough for my taste. Also, I have a couple first hand accounts of political slight of hand when it comes to foreign investors and the local political powers.

I’ve also heard some wonderful things about CR, far more than the negative. Frankly, I much prefer Panama. Sounds to me you have a good thing going for yourself in Costa Rica.

Don’t be a stranger, OK?

By: Keith

Keith — Mon, 09 Mar 2009 22:53:12 +0000

BG,

Great stuff been reading for almost an hour. Some much needed inspiration.

Well I bought some land in a gated community in Costa Rica about 3 years ago. Conservatively I would say it’s tripled in value(I bought when it was a cow field, it is now completed). But my reasons for buying were foremost that I love the country, we spend about a month there every year.

Also retiring in the US may be stretch for me, so that little house I want to build will provide shelter. My taxes are only about $200 dollars per year, HOA fees $50 per month and I won’t have to start paying them for another year.

I have been accused of not having both oars in the water at times, what do you think?

Best,

Keith

By: Robert Coté

Robert Coté — Thu, 05 Mar 2009 17:05:57 +0000

Okay, “only” was incorrect as I typed it. I meant appreciates with respect to covering the carrying costs of nonproductive (raw) land. Land is for trading, income property is for investing.

By: BawldGuy

BawldGuy — Wed, 04 Mar 2009 18:51:53 +0000

I wouldn’t include the word ‘only’ but my experience is something regarding ‘land use’ usually changes just before your land’s value skyrockets. Just sayin’…

By: Robert Coté

Robert Coté — Wed, 04 Mar 2009 18:41:17 +0000

Amen, Brother Bawldguy. Land makes money for the last owner only. Are you prepared to be the last owner? It ain’t easy. Being the last owner means having substantial local political ummmm… “influence.” That means either your grandpa knew the City Council’s grandpas (or they were the same) or else your Franklins have been long time friends of the City Council’s pockets. Bawldguy has axioms. I have a much shorter list but “Land only appreciates when the zoning changes” is one of them.

By: BawldGuy

BawldGuy — Wed, 04 Mar 2009 16:25:42 +0000

As a PK I can confidently say, keep up your original study. Thanks much.

By: Joshua

Joshua — Wed, 04 Mar 2009 15:16:09 +0000

Where do I sacrifice the lamb and what words should I say during the ceremony?

Really, I was studying the bible last night and received much wisdom. Then I read this posting (among many others I’ve read) and received very similar wisdom in terms of how well what I read was authored and what I learned from my reading.

You are truly blessed Jeff and whenever I read one of your posts I wanna act like Wayne & Garth and get down on my knees and yell, “I’m not worthy!”

You always say what I don’t know is what I don’t know. Reading your posts humbles me each time when I realize I didn’t know as much as I thought I knew even though I didn’t know what I didn’t know. Phew! Keep up the great work!