This article bolsters my opinion that even with the downturn in the U.S. economy, people are still looking for a better deal and an escape to where the cost of living is lower. One thing you can be sure of, no matter which party gets elected it will require more tax dollars to keep the big machine going in the U.S.. They will raise taxes and lower benefits which will drive more boomer's to seek a safe haven abroad. Come on down!
Low-Cost Living
In Panama, a refuge for U.S. retirees hoping to stretch their dollars
In a lush valley hidden in the coffee-producing hills of Panama, the sounds of tropical birds singing and burbling brooks compete with the rumble of cement trucks groaning their way uphill.
The steady convoy of trucks is ferrying labor and material to the hundreds of sprawling, ranch-style homes being built in this new gated community an hour and half outside of Panama City, many by U.S. retirees.
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