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Buy Where Your Heart and Your Wanderlust Lead You—20 Countries to Consider
Perhaps you're not looking to take advantage of crisis opportunity, you're not concerned about investing for growth, and you're not in the market for a productive land play. Perhaps you're looking, simply, for a new home and a new life. Maybe you even have an idea where you'd like those things to be. Or perhaps not. Perhaps you're open to suggestions, and even confused by all the choices.
If the agenda for your adventure overseas is driven more by your heart than your calculator, here are recommendations to help focus your thinking and further your plan. Following are glimpses into 20 countries where you could relaunch your life, full- or part-time, in retirement or otherwise, for the better, while at the same time diversifying your assets with the acquisition of a place of your own that could generate cash flow from rental when you're not using it yourself. I would classify these 20 countries as the world's top live and invest overseas havens. Each is, in its way and for different reasons, a great place to be.
Argentina
In late 2001, the Argentines removed the peg between their peso and the U.S. dollar, devaluing the Argentine currency, which fell at its lowest point to 4:1 against the greenback. This crisis situation opened a window of opportunity that Lief and I took advantage of to buy in 2002 with friends, a classic-style apartment in Recoleta, one of the best addresses in the center of Buenos Aires, ...
