I´m thinking about FORCLOSING on my condo and moving to South America - ADVICE?

canadiense says on Nov 9, 2008, 15:15:

bud youve been in south america for 2 days slow down

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Paisa/Calena/Luver says on Nov 9, 2008, 15:20:

Dont forget, you are on vacation and NOT a permanent resident. Things change dramatically when you actually realize that you money might run out and do something for a living! lol Plus you will miss alot of things from the states.. Shoot me just going for 2 weeks I miss a good glass of milk or half and half for my coffee or some GREAT Mexican or even HI END sushi.. Its all relative..

I love Laura Acuna & Jessica Cediel! lol

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pedro (☼Travelguide writer) says on Nov 9, 2008, 15:21:

cdxxfriend says on Nov 9, 2008, 15:21:

Actually no, i´ve been to Cartagena for only two days. I´ve been to a few other countries. But really i´m not so much in a rush to move, but I´m in a rush to stop dumping my money down the drain. I´m weeing the option of keeping my place, or forclosing and putting away an extra 1.1k per month.

Just wondering if there is something in the bigger picture that i´m not seeing

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canadiense says on Nov 9, 2008, 15:24:

my bad

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cdxxfriend says on Nov 9, 2008, 15:26:

pedro,

thanks for your view, but we are missing the point i think. Maybe it´s my fault for how i worded the posting. I´m definitely not in a rush to jump in and buy anything.... i´ve been and lived many places, so i´m well cultured when it comes to knowing the problems that exist all over the world. I´ve lived and visited
(Japan, Vietnam, China, Germany, Tinian, Thailand, PI, Singapore..and too many other places to name). I am weighing an option... i´m not disgruntled about not making money in realestate... but i don´t like dumping money down the toilet either

And yes i am blaiming certian secions of the US oversight for the housing crises. But it is what it is... i´m over that, but i´am disgruntled about the way they are handling it. It´s essentially the middle class (ME). We are the ones who are bailing out everyone. They shifted the bill to me,

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TobyBoy says on Nov 9, 2008, 15:27:

Please believe me... leave QUICK!

I have done YEARS of researh into this period of anticipated finacial crisis we are entering (globally), and please believe me; you must leave the USA ASAP, and Colombia really is the best option ifor survival in this hemisphere -by far. Good luck with whatever/wherever you decide.

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cdxxfriend says on Nov 9, 2008, 15:31:

Tobyboy,

so it looks like you too are aware of the depth of this crises. I didn´t want to jump on hear and start spitting about martial law, collapse economy, fema camps, etc etc... i don´t want folks to think i´m crazy.

U know where i´m coming from though

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pedro (☼Travelguide writer) says on Nov 9, 2008, 15:32:

cdxxfriend says on Nov 9, 2008, 15:35:

Pedro, i´m sorry...you are missing the point.

I´m not expecting a handout from anyone. I would have liked for our government to assist the middle class but it doesnt look like thats going to happen. I´m trying to help myself. I´m just asking if I would be better off forclosing (SAVING MORE MONEY) or does someone have a bigger perspective of why I probably shouldn´t forclose. I like South America....but i´m not set on it. Of course I don´t expect their government to give me any kind of handout.

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tomtom33 (☼Travelguide writer) says on Nov 9, 2008, 15:46:

Gator says on Nov 9, 2008, 15:54:

sell the condo, rent in Colombia for a minimum of six months then make your Dennison. If you allow I don't believe you will walk away from the condo with any money in pocket. Good credit in the USA is NOT the same in Colombia. You will be expected to put up a considerable sum for pesos for a new place. Make that "I have great credit" had good credit. You will find Colombia has many hazzards for the unintatiated and you could end up loosing your A _ _

"Credidi pretio parvo emere et magno vendere tibi in animo fuisse!" .

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tomtom33 (☼Travelguide writer) says on Nov 9, 2008, 15:56:

sloopskipper says on Nov 9, 2008, 15:59:

Don't leap too quickly.

I did that and live with regrets daily (although I am a couple hundred miles north of the Colombian border, and don't need to work).

Do your homework, and PBH is a good place to start. Search the difficulties with banking and immigration. Living in another country is far different than a short vacation.

And if you must work, learn the difficulties there, as well as the very low pay in Latin America, and I think you might find that is virtually impossible without fluent Spanish.

If you default on your mortgage, and skip, you will have burned some bridges, with long lasting effects.

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pedro (☼Travelguide writer) says on Nov 9, 2008, 16:00:

Robert Jorge says on Nov 9, 2008, 16:07:

Well said Pedro.

He who farts in church, sits in his own pew.

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TobyBoy says on Nov 9, 2008, 16:23:

Cdxxfriend:

You are NOT crazy, and neither are about 10 million US-Americans who are quickly becoming aware of what is about to occur.

I happen to be from a banking family, and I even spent some of my formative years in Geneva and Zurich. In my earlier professional career, I was also part of the Wall Street decease, and I had been planning to leave the US for many years, because of an eventual nefarious historical singularity.

I do not consider myself fortunate for having had a hint about this much earlier than some others today. I am just at peace with my accident, and I endeavor to help others wherever possible.

I cannot say more, only than to say that I pray more people (especially in the US) wake up FAST. Again, best of luck.

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whitewidow says on Nov 9, 2008, 16:25:

First off, you will not be foreclosing on anything, you will be defaulting on your mortgage as Sloop stated above. Second, you will be damaging whatever credit you have. If you have a new car and will not be needing the pristine credit scores for 5,6,7 years, then by all means bail out. However, a more conservative approach would be to rent the place (even at a loss) and try on Colombia for size for a year or two. After that, you may have more insight into what you want to do - USA & Colombia.

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TobyBoy says on Nov 9, 2008, 16:30:

Oh. and Cdxxfriend ..

I agree with much of the advice alreay menitoned; always rent first..

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cdxxfriend says on Nov 9, 2008, 17:08:

whitewidow, good info
I have cash so I wont worry so much about credit to purchase in the US. I have enough cash for any immediate necessary purchases. I thought about renting, but aside from the substantial loss id be taking. Silly HOA rules, take that option off the table.


pedro,
(you asked - How are you supposed to earn a living in South America anyway)
internet7online based

(you said - Using words like "modern day systematic slavery" is a pretty charged statement, considering you're the rich gringo jetting in for a weekend vacation. )

That has nothing to do with the question. And yes Credit and debt are westernized modern systems of slavery. Though I do appreciate the information about 911, police, etc...
but again, as i explained to you DIRECTLY. I was moreless asking about forclosing vs saving money... I also stated TO YOU. That I wasnt in a rush to jump into anything. So if your bitter that Im a gringo that happens to make a decent living.... Im sorry you feel that way. Trust me, I dont take any thing i have for granted, i know for a fact that there are several less fortunate people. And a part of modern day slavery is more than just money, it comes down to a state of mind. There are a lot of things going on in the US that you may or may not know about. I am willing to give up a certain standard of living to move to another place.

Also about me being the Gringo taking a vaction.... WTF... seriously dude

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cdxxfriend says on Nov 9, 2008, 17:16:

Skoolskipper,

Thanks for the 411. Id love to know more if you care to share. Though im no wear near ready to jump up and buy anything in South America...i am really considering leaving my US lifestyle behind, to include possibly forclosing. Im just at a point where im willing to risk finances for happiness.

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cocoloco says on Nov 9, 2008, 17:18:

Dude, now is a great time to leave the US. The next 4 years in the states are going to be the worst ones our generation has ever seen. The democrats are going to socialize the entire country, you will be paying taxes like never before. Why would anyone want to subject themselves to the negativity surrounding the us, if you have options such as moving to Colombia.

My advice is to rent out your entire house for the next 4 years if that is possible, if not just walk away from it. Don't listen to blind optimistis that think things are going to turn around soon, the us is in a big financial mess, we are not going to get out of it anytime soon.

Also, you must figure a way out to generate an income here in Colombia. I recommend an internet bussiness, teaching english etc. The important thing is to figure out in advance what it is that you are going to do here.

Best of luck,

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cdxxfriend says on Nov 9, 2008, 17:18:

TobyBoy,

im always interested in hearing from those that are awake.
Do you have any suggestions for those of us trying to make moves?

I always thought Canada, Mexico, UK, and europe wouldnt be much better

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larryrn says on Nov 9, 2008, 17:19:

Dude, I am in the same boat - have a large house that basically I am rarely using and I have negative equity in it. I am here in Medellin most of the time and really don't look forward to going back to the states to take care of the house once a month I do believe that the situation in the US will turn in 2009 and at least things will stop dropping. On the positive side, I get to write off the interest and taxes on the house so there are some savings for me. I also am renting a room in the house to someone I trust and that is working well. I would love to sell my house and car and live here completely, but it would mean a loss of 50K. I could affford that since over the course of 14 months I am out 50K, but like I mentioned above things will turn around in the next year. Also, credit is important to me -- very important. Even though my credit is in the US I use it extensively here since I can borrow at rates far below rates here in Colombia (check out the loan rates for cars - 21%, motorcyles, 30%, houses, 18% - all with great credit). So think about everything very carefully before making any move. Larry

Larry Snyder, www.rn.org

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cdxxfriend says on Nov 9, 2008, 17:23:

larryrn,

Thanks a bunch. Now that is probably some of the best info I got on here. Salvaging my credit for better loans on foreign soil...

Hmm, might require taking a loss, but if its worth it... maybe i should look into it. I didnt think any US based financial institutions will give mortgate loans for non US property. Will they?

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cocoloco says on Nov 9, 2008, 17:30:

US institutions will not gvie you loans for buying properties in Colombia. You can get an equity loan in the US against your house, you might get 40% of the equity in your house, and with todays credit crisis that might be pushing it. Credit in the us is important, but that doesn't mean you have to kill yourself and keep making payments on a house that wil not have equity in it at least for the next 4-8 years.

You do not want credit here in Colombia either. Dont buy a car here, you dont need one. Don't buy an apartment here I see the same problems here in the real estate market that i saw prior to the us market closing down. Therefore, credit wont be an issue, since you will not be purchasing big ticket items here or in the us in the near future.

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pedro (☼Travelguide writer) says on Nov 9, 2008, 17:36:

cocoloco says on Nov 9, 2008, 17:44:

Pedro is right about signing the mortgage, nevertheless, you realize it was a mistake, just because you made that one mistake doesn't mean you have to pay for it the rest of your life. walk away from it or rent it out entirely(if you are able to find a trustworthy renter)

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cdy says on Nov 9, 2008, 17:47:

cdxx- there are US based banks that are still lending money on homes in Mexico, there is a Orlando FL based mortgage company that was lending on property in Panama, but I don't know of any lender in the US providing mortgages in Colombia, I would guess that most gringos in the past have tapped home equity to finance their purchase in Colombia, good luck with that now with the housing and credit crisis. I am in the banking/financial services field and I would strongly urge you not to do anything to harm your credit, if you put a forclosure on your record you will be paying financially for years.
Just got back myself(today) from Cartagena, what a great city, had a blast, will have to post a review.

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turnmeon (☼Travelguide writer) says on Nov 9, 2008, 17:49:

Tinto (Moderator) (Trustee board) says on Nov 9, 2008, 17:53:

Unless you're deeply in the hole, a negative equity position is not so bad if you like the place and you'd be spending $1100 to $1500 a month renting something equivalent. After two or three years of renting you'd be out $30 grand or so with nothing to show for it and you couldn't decorate or paint as you wish.

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TobyBoy says on Nov 9, 2008, 18:22:

WOW cdxxfriend! …Did you just read what Turnmeon said above?

It is exactly what I have been saying sporadically, one way or another throughout PBH for a while now. Few are listening, and I even get attacked for being such a realist, often with very trite comments.

Some people are more concerned with protecting their ego-filled points of views than with listening to reason. It was the same during the 1930s in Germany. A few Jewish families felt the impending doom -and managed to get away before the onset of hostilities, while most did not.

There is no time left for arguments, and I sure cannot get bogged down anymore trying to wake up people still sleeping –many of which think that things will turn around in about a year or so. While I pray they are right, I will stake my life on saying they are wrong.

We are entering a seriously bad period in world history, and its epicenter will be the USA.

But to get back to your follow-up question; I would defiantly avoid Europe (especially UK –where new laws being enacted are even going to make the miserable even more so), but in particular trouble will be Canada (which despite its natural resources remains too dependant on the US for goods and many services, especially during winter), and certainly NOT Mexico, where like Venezuela, the crime is so out of control that it is mostly not even tabulated correctly by government officials –often deliberately.

Like Turnmeon said; Colombia will be truly safe compared to the rest of the world –and I have been studying this for DECADES.

Another suggestion I might make is to transfer your cash, whatever you have, into Euros or Swiss Franks. Though not totally sure about it -I actually believe that the Colombian Peso will kick butt over most currencies in the months to come, and though it may at first be perceived as a problem in Colombia (for exports) -it may actually save Colombia fromthe worst of things to come.

There are some foreign banks that will allow you to open accounts in other currencies (even internet only), even if you are a US citizen, including of course, in Colombia.

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gringoloid (Trustee board) says on Nov 9, 2008, 18:27:

toby..........did you see this article about the Council on Foreign Relations? This cat, Richard Haas is one of the fingers on the 'invisible hand' that runs the world. He is not to be taken lightly.

Ï'm just wondering WTF is going to happen.

http://current.com/items/89510052_council_on_foreign_relations_preside...

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briarblue says on Nov 9, 2008, 18:30:

Toby, you come across as someone trying to make money off of short positions in the U.S. markets who gets on internet message boards tyring to influence the knee-jerk emotions of naive individuals.

In my "decades" of research, I've yet to come across anyone who writes such crapola without their own greedy motivation for monetary gain...but of course you are the pied piper here to save us all---out of the goodness of your heart.

Give me a break.

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romy says on Nov 9, 2008, 18:31:

Can you be specific so when the time arrives we can determine if you were right or wrong? it's just like astrology... it can't be falsified because it is too non-specific. I guess you are giving yourself the liberty to come back 20 years from now to show everyone up.

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gringoloid (Trustee board) says on Nov 9, 2008, 18:33:

blue.......trust me, nobody here on pbh is going to move markets.

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TobyBoy says on Nov 9, 2008, 18:34:

Thanks a million again Gringoloid. Yea, I've been monitoring the CFR since I was a teen -heck even Carter was a member -they've all been/are.

Somehting is definately cooking and it stinks more than a good Tamal Tolimense.

I am afraid that part of it (though unrelated perhaps) will be Chop Sui, and I am not just refering to the recent Chinese espionage hacking of the White house. That is just the soy sauce on the surface.

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durito2 says on Nov 9, 2008, 18:35:

It's remarkable how often we get posts like this. Ignoring personal responsibility and the conspiracy theories of TobyBoy, a things:

1) You do not foreclose. The bank forecloses when you default on your mortgage. While the mortgage will come off your credit report in 7 years, in the bank seeks a judgment against you, you may very well have permanent liability in the USA for the deficiency balance.

2) Do you really want to ruin your credit in the USA? You have no idea what will happen to you in the next 7 years.

3) If you move to Colombia, you will probably need help with things like renting an apartment, etc. This board is an excellent recourse and you can make many connections here. I doubt however many people would be willing to rent an apartment to someone they know doesn't make good on their debts.

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briarblue says on Nov 9, 2008, 18:35:

Loid, I completely agree, but that doesn't keep the pied pipers from trying.

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gringoloid (Trustee board) says on Nov 9, 2008, 18:38:

romy.......we've been writing things here for quite sometime.......my global financial collapse prediction came true.

neither toby or myself get daily briefings from the white house, cia, fbi, dia, joint chiefs of staff so we won't be able to give you exact time and dates.

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TobyBoy says on Nov 9, 2008, 18:42:

So much noblesse oblige by so many well-intentioned posters.

I wonder where it all was during the 2000 election.

If the US becomes bankrupt soon, how many of you are going to be concerned about your credit scores?

In France, such a thing as Credit Scores are inconceivable, and with their tight money policies (like Colombia) their real estate is still doing fine these days.

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whitewidow says on Nov 9, 2008, 18:46:

I would not worry about the deficiency balance. It is rare for banks to go after small amounts. I believe a foreclosure can be seen for 10 years on your trimerge report. However, you will find available loans after 5 years or so that will have decent terms. *Not trying to discount durito's comments above, just amplify them some.

* CDXX - how upside down are you? Are you in an ARM or FIXED rate product? What is the market like in your area in order to lease the condo?

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briarblue says on Nov 9, 2008, 18:47:

I also agree with durito....let's all ignore personal responsibility. Are we part of the solution or part of the problem?

Let's ignore the net of tax effect for the OP and just look at the gross numbers. He's living in a nice condo in Atlanta for $1,050 a month, including HOA fees which probably covers liability insurance, some maintenance items, possibly basic cable TV, etc.

He thinks he's putting money into a black hole because the condo he bought isn't the winning lotto ticket. The scratch-off mentality---I want my pie now.

Ignoring the net of tax effect, you're living in Atlanta for $1,050 a month and controlling a leveraged asset that has the potential to appreciate over time, which over the course of history is more than tomorrow, next month or next year.

Now, why don't we all just decide to bail out...let's just all walk away from all debt we chose to take out and were grateful for at the time. To hell with signing our names on a piece of paper that says we will pay it back. Screw 'em all.....credit is just a form of modern slavery.

It's your choice, do you choose to be part of the problem or part of the solution?

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cdxxfriend says on Nov 9, 2008, 18:53:

Awakened ones,

I greatly appreciate your encouraging words

Tobyboy,

i was going to say that Colombia will be a better economy then the US but I knew that i would catch hell. I am actually happy to see the numbers of those waking up are increasing. And you are right. There is defninetly no time for arguing...just time for getting prepared.

Grigoloid,
I guess on a good note, you are starting to see more and more awakened ones. I guess since im not alone, ill be 100%. My initial interest in Colombia and South America came about as I was looking for a safe haven amidst the oncoming crises

to all please watch the video, and more importantly ceck the article im posting below.
This is not your standard fema camp video (to all those who already know) this one will shock you

http://www.detailshere.com/urgentinfo.htm



http://www.detailshere.com/urgentinfo.htm

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briarblue says on Nov 9, 2008, 18:56:

And we're supposed to be surprised that you already had all the answers to your questions in your agenda post?

How many User ID's do you post under?

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cdxxfriend says on Nov 9, 2008, 18:59:

Im not upside down yet (but value is dropping)

I could take out an 8 k personal loan and drop the price 8k and probably move it fast...
maybe thats a better option then forclosure.

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durito2 says on Nov 9, 2008, 19:02:

You were willing to mess up your credit for just $8,000?

I assumed you were upside down by $150,000 at least.

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briarblue says on Nov 9, 2008, 19:04:

Pray tell, how many descendents and/or disciples of Nostradamus reside here on PBH? Tell the truth, Nancy Reagan had your hotline number back when Ronnie ran the Whithouse, yes?

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whitewidow says on Nov 9, 2008, 19:06:

8k is a cheap price to maintain a pristine credit rating. Now, if you would have said $25, 30, 40k , then that may be a different story.

* If you can save $500 a month living in Colombia (rent), you will have made up that $8k difference in just over a year. Get that thing SOLD!

* Also, you may want to call and speak to the servicing agent for the loan and tell them you are in financial duress (even if you are not). Althoug rare, short sales do occur that will permit the bank to take less than what is owed (principal).

SUERTE

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TobyBoy says on Nov 9, 2008, 19:15:

Briarblue

Sorry, but your analysis of me could not more wrong, but you are free to attack me personally all you want here. Have fun.

However, you should know that I left my native Manhattan many years ago because I did NOT want to live in a city which I consider to be the Greed Capital of the world.

If you think that I want to make profit out of people's suffering, then that is really an insult, and you may soon be gnashing your teeth when you and others come looking for me later for financial advice during the coming global crisis.

Still, despite your insults, I will try to help you. That is who I really am.

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cdxxfriend says on Nov 9, 2008, 19:22:

BTW,

I own no dollars. Atleast never more than 2000 at a time.
All my money is in Gold and Silver ;-)

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TobyBoy says on Nov 9, 2008, 19:23:

CdxxFriend:

Again, I heartfully agree with your penultimate entry (addressed to me). Thank you.

..Oh, and remember; we also have no more time to worry about those who would insult us either.

I do not consider me a believer in "conspiracy theories," I am just consider myself as someone with eyes wide open.

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TobyBoy says on Nov 9, 2008, 19:25:

Pardon my typos pls.

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Robert Jorge says on Nov 9, 2008, 19:51:

All this drama over 8 large? Santodios.

He who farts in church, sits in his own pew.

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briarblue says on Nov 9, 2008, 20:03:

Oh dear Tobyboy, I neither did an analysis of you or insulted you. You do enjoy the drama queen persona, aye?

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briarblue says on Nov 9, 2008, 20:44:

cdxxfriend says on Nov 9, 2008, 17:08: I have cash so I wont worry so much about credit to purchase in the US.

cdxxfriend says on Nov 9, 2008, 18:59 : I could take out an 8 k personal loan and drop the price 8k and probably move it fast

cdxxfriend says on Nov 9, 2008, 19:22 : I own no dollars. At least never more than 2000 at a time. All my money is in Gold and Silver
---------------------------------------------------------------------------------------------------

I believe you've awakened alright....all this time while spending Day 2 of your vacation in beautiful Cartagena on the computer.

Uh huh.....

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casa_de_norte says on Nov 9, 2008, 20:45:

so.. I was on the phone with the company that services my student loan....The service representative was telling me that about 5% of student loan holders, (with large loans, 40K and up), are bailing out and moving overseas to avoid paying their loans...I asked how is that working out for them? She told me they just let the interest accrue, if they ever return to the states, the IRS becomes their collection agency. If they choose to stay away, they hire overseas collectors, who don't have to abide by the Fair Debt Collection Act, and depending where you escape to, there are treaties where they can assert their collection rights.....Oh yea... since social security, or any funds that originate in the US, they are fair game for collections regardless or where you reside..

Bottom line, skipping the country, to avoid a large debt, doesn't necessarily absolve one of their debt. All that happens is interest, like rust, doesn't sleep, and you burn bridges within your own country of citizenship..

I know it doesn't apply specifically to real estate foreclosure, BUT CAN BE quite applicable for those wishing to jump ship, become an ex pat, and walk away, from both good and bad in their lives... Best to take care of your business... maybe it will just end up being a good character builder...

"Why cain't we all jus' git along?!?! "----- The great Rodney King

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miamimike says on Nov 9, 2008, 21:01:

cdxxfriend says on Nov 9, 2008, 17:08 (today): flag

whitewidow, good info
I have cash so I wont worry so much about credit to purchase in the US. I have enough cash for any immediate necessary purchases. I thought about renting, but aside from the substantial loss id be taking. """Silly HOA rules, take that option off the table.""
----------------------------------------------------------------------------------------------------------------------------------

In Hindsight, HOAs not permitting Rentals wasn't such a Silly idea afterall. We have not allowed Rentals in our Condo Bldg for 14 years, consequently we did not attract a large number of these hotshot investor condo flippers. As a result we have very few condos in our bldg in foreclosure whereas Condo Bldgs that did permit Rentals(especially near downtown miami and in the beacg areas) now have Foreclosure rates as high as 40% as these Hot Shots have bailed on their Units and many are in foreclosure.


Foreclosure is such a Problem the MAYOR of our City(Ken Burns), North Miami is looking at Possible foreclosure. Quite a Shocker for us North Miami Residents.Maybe he should pull up stakes and move to Colombia. LOL

http://www.local10.com/news/17941674/detail.html

Avatar Legend: Bush "If any of you Reporters are wondering, it was a Size 10"

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tomtom33 (☼Travelguide writer) says on Nov 10, 2008, 04:00:

elmodefoque says on Nov 10, 2008, 04:57:

morph, that's my MASTER PLAN.
NOT TO PAY MY BILLS AND DROP DEAD EARLY SO THEY COULD GO AND FOK THEMSELVES.
WHAT THE FOK THEY GONNA DO, DRAG MY DEAD ASS OUTTA MY COUFIN AND RUINED MY CREDIT?

I'll get there, when I get there!

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elmodefoque says on Nov 10, 2008, 05:17:

at my advanced age, sometimes you reach a point where you begin to question your place in this planet. I had a nice long life with lots of sex, lots of drugs and booze. that's it, all i'm doing now is using up young people's oxigen is time to move on to the next level.
and how do i plan an early death?
easy, i plan to smack the chit outta a PARACO in barranquilla and that modeque is gonna blow my brains out. OVER!!! ENOUGH ALREADY


thank you

I'll get there, when I get there!

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turnmeon (☼Travelguide writer) says on Nov 10, 2008, 07:12:

cali373 says on Nov 10, 2008, 07:35:

I would say about moving to south america, go for it but remember it is not the states. i tis esaier if you can handle forgoing some luxeries, if you cannot then forget it.

As far as the condo well, it will eventually build some equity but will take years. It was a terrible time to buy and you should have done your homework. I would not choose foreclosure considering how important credit is in the US and you always want the option of comings back home and be fiscally sound. I wasa thinking of buying 2 year ago but I saw the writing on the wall.

Smile if you are a thinker!

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bhill says on Nov 10, 2008, 08:06:

The US taxes it's citizens no matter where they live on the planet. If you legally reside in Colombia, you'll be expected to pay Colombian income tax as well, as the two nations do not have a tax treaty.

No comments on illegal immigration and/or income tax evasion...

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sloopskipper says on Nov 10, 2008, 08:24:

I sent you a private, cdxxfriend

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turnmeon (☼Travelguide writer) says on Nov 10, 2008, 08:38:

azunoman says on Nov 10, 2008, 08:42:

if the place is pretty nice...check out homeaway.com (vacation rentals)...used to cost 299 to join but they have a 3 monthh $99 deal going right now...otherwise you could just call your bailout plan something catchy and do it.

Playing the ugly American on request or as required. Ready, Fire, Aim

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miamimike says on Nov 10, 2008, 08:47:

He said No Rentals in his Condo Association,,,

Avatar Legend: Bush "If any of you Reporters are wondering, it was a Size 10"

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azunoman says on Nov 10, 2008, 08:57:

miamimike...dayum....that sucks...more like a comando assoc....I feel exactly as he does...the bail out(s) will be paid for by people that pay their bills and taxes.

I own two houses here in AZ...originally listed primary home year and half ago at 540k...now relisted at 360k...getting lookers but I have no confidence that it will sell...this has pushed out our hoizon for moving to Colombia for more than two years now....hence we created our own bail out plan...if it doesn't sell by 2/7/2009...bye bye anyway...

Playing the ugly American on request or as required. Ready, Fire, Aim

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gringoloid (Trustee board) says on Nov 10, 2008, 09:06:

cali373........you didn't see much writing on the wall earlier in the year........as you are a #6 in the economic forecast.

cali373 says on Mar 1, 2008, 16:26: flag
OHHHH GOD, All this tlak abou the another depression. I hope some of you guys are still around in two years to state how wrong you were. And some of course someone had to bring about the culture of fear mongering of the U.S. and claim how the terrorists are going to hit us hard when we are at our worst. Lets say they do, even if they take out an entire U.S. city you really think that we will not pull out it rather quickly. We are the largest economy and one of the largest nations, we can recover quickly.

Man! I come to pbh to get away from numbers, charts, and Analysis and I find it here too. It´s actually kind of disconcerning that the FEAR has reached pbh. But it is a decent disccusion.

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casa_de_norte says on Nov 10, 2008, 11:02:

elmodefoque says on Nov 10, 2008, 05:17 (today): flag
at my advanced age, sometimes you reach a point where you begin to question your place in this planet. I had a nice long life with lots of sex, lots of drugs and booze. that's it, all i'm doing now is using up young people's oxigen is time to move on to the next level.
and how do i plan an early death?
easy, i plan to smack the chit outta a PARACO in barranquilla and that modeque is gonna blow my brains out. OVER!!! ENOUGH ALREADY
==============================================================================

Elmo-a bit macabre! Dude, As long as you can peel pesos from your arthritic hands, hookers are more than happy to share their oxygen with you!! Just have to find your niche in this world, Senor!

Here's to a long and happy retirement for you ELMO!!!!

"Why cain't we all jus' git along?!?! "----- The great Rodney King

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rhydewithdis (☼Travelguide writer) says on Nov 10, 2008, 11:46:

tomtom33 (☼Travelguide writer) says on Nov 10, 2008, 13:32:

larryrn says on Nov 10, 2008, 15:47:

No, you can't loans to buy property in Colombia from US banks but you can use your credit card and those special 0 percent interest offers until October 2009, or 5.99 % on purchases until paid - those deals you can take advantage of here in Colombia. Larry

Larry Snyder, www.rn.org

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BillBigD says on Nov 10, 2008, 20:29:

Larry-I was waiting for someone to mention that. 0% for a year, 3.9%-5.9% till paid off, Certainly much better than Colombian interest rates. Another option is to take a loan off your brokerage account.

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