WELCOME TO MY SITE AND HAVE A GOOD DAY

Welcome to Las Vegas, Nevada- the Gambling Capital of US and the City that never sleeps! So, what has this city have to do with this site. The answer is none. I just love the photo, I took during our vacation to this city a couple of years ago. In this site, you will find articles from my autobiography, global warming, senior citizens issues, tourism, politics in PI, music appreciation and articles about our current experiences as retirees enjoying the "snow bird" lifestyle between US and the Philippines. Your comments will be highly appreciated. Please do not forget to read the latest national and international news. Some of the photos and videos on this site, I do not own. However, I have no intention on infringement of your copyrights. Cheers!

Saturday, June 23, 2012

Philippines no longer the best place for Retirement



In a recent issue of CNN magazine, The Philippines was not included in the list of of top 4 places that US and Canadian retirees favorite destination for retirement. I am indeed wondering, since the standard of living, climate and several other advantages ( English speaking and friendly natives) in the Philippines are the best in the world.

Is the country's infrastructure, safety concerns ( Southern Philippines) and political corruption, the reasons why it was not listed as one of the best places in the world to retire? What do you think? The following are the four overseas places listed in the article published in the CNN magazine just recently.

1. Cuenca, Ecuador Population: 330,000 Starting home price: $75,000* 2011 price change: N.A.

These days overseas retirement has gotten so popular that Costa Rica is close to becoming a cliché. "This generation is more open-minded, better educated, better traveled, and healthier than any generation before it," says Kathleen Peddicord, founder of publishing group Live and Invest Overseas. Combine that with favorable foreign-exchange rates and a crisis that wiped out many nest eggs, she says, and "the idea is suddenly not so crazy anymore."

In recent years, Cuenca, Ecuador, has become a favorite of Peddicord and others as a retirement destination, and it's easy to see why. Cuenca offers temperate weather, beautiful architecture, and modern health care, all for a fraction of the cost of living in the U.S. and the national currency is the U.S. dollar. That opening-home-price figure, $75,000, is not a typo. Health care and property taxes are dirt-cheap too.

The coastal city is currently home to a few thousand expat retirees, mostly from the U.S. and Canada. New arrivals can choose from one of the many new condo developments or spring for a landscaped historic estate for $300,000. One thing to keep in mind: Ecuador is a developing country, and creature comforts like, say, American electronics are often either unavailable or command a premium. But for today's globetrotting, adventure-seeking retirees, that's part of the thrill.

2. Bangkok Population: 8.2 million Median home price: N.A. 2011 price change: N.A. With cost of living in Asia far lower than in the states, adventurous retirees are heading to Thailand for deals.

3. Panama City Population: 430,299 Median home price: N.A. 2011 price change: N.A. Decent infrastructure and friendly tax policies have made Panama's capital an expatriate favorite.

4. Paris Population: 2.3 million Median home price: N.A. 2011 price change: N.A. The City of Light is pricey, but rich in both culture and health care.

In a recent posting from CNBC, ten places to retire based on the cost of living, housing costs, health care (both quality and accessibility), cultural and recreational options and if there’s already an expat community there, the Philippines was not also in the list. In this list includes the following places arranged in alphabetical order: Buenos Aires( Argentina), Corozal (Belize), Central Valley, Atenas( Costa Rica), Languedoc-Rousillo (France), Le Marche (Italy), Puerto Vallarta (Mexico), Granada ( Nicaragua), Boquette ( Panama), Cascais (Portugal) and Costa del Sol (Spain).

Note: In my list, Marinduque, Philippines is still the number one place in the world for retirement (not the big cities in the Philippines).

2 comments:

Anonymous said...

Expensive electricity cost, lack of peace and order, high crime rate, poor and inefficient infrastructure and many other reasons are forcing foreigners to stay away from the Philippines. When things change and people are convinced to have a peace of mind living in the country affordably, there might be a change in the rankings.



Rick Gonzalez

David B Katague said...

Hi Rick, thanks for your comment. Besides the high electrical cost, I will add the frequent brown outs in a lot of places in the Philippines. Specifically, I am thinking of Marinduque-my place of retirement. Have a Good day!

Related Posts Plugin for WordPress, Blogger...
Related Posts Plugin for WordPress, Blogger...
Related Posts Plugin for WordPress, Blogger...
Related Posts Plugin for WordPress, Blogger...