Affordable Global Real Estate according to BusinessWeek
I saw an article from BusinessWeek yesterday about “affordable global real estate” and I thought I’d share the link and my observations here.
In The Worlds Most Affordable Housing Markets, writer Maya Roney lays out where the smart money chooses to live based on an index of home prices, cost of goods and services, local stability and quality of life. Keep in mind that the article is from Business Week and explicitly uses a standard based on the needs of a youngish middle manager and his or her average sized household / family, or about — 4 bedrooms.
The top pick is Bogata, Columbia which I admit isn’t a place I normally think of as “stable” but if you enjoy tropical on a Canton Ohio budget there are probably worse places you can wind up in. Sharm El Sheikh, Egypt comes in at number two in affordability, and honestly — looks absolutely gorgeous with a cost of living comparable to Muncie, Indianna.
The top 10 including 3 rather cold but gorgeous locations in Canada, and both 
Nicaragua and Panama and the top 25 including locations in Malta, Poland and Honduras. Viva!
Each city is compared to a US Market to give the potential home buyer a reference point on which to base their explorations, and each location includes one color picture which is supposed to symbolize that particular environment. The pictures are very “stock” and the article runs over as many pages as possible no doubt to maximize their ad exposure and SEO. The navigation frame for the top 25 locations is easy to use, and that makes comparing the cost of a home in the Carribean to the cost of a similar home in Bozeman nearly painless.
The idea here is that real estate in the US may be flat, but the international market is still bullsih. There may be some truth to that, though for most non-retired folk, such a move might be problematic unless they had recently been offered employment in Cairo.
As for me I have decided to retire in Mexico; surf all morning, sleep all afternoon and play Troubadour all night long for rich touristas. Viva baby!
–Dex
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