The Internet is a wonderful thing. From a small condo high in the Ecuadorian Andes Mountains, we can view properties for sale in Omaha, Nebraska. During winter, this is the perfect way to see properties in Omaha if you no longer own a parka and mukluks.
This post was published on the now-closed HuffPost Contributor platform. Contributors control their own work and posted freely to our site. If you need to flag this entry as abusive, send us an email.
The Internet is a wonderful thing. From a small condo high in the Ecuadorian Andes Mountains, we can view properties for sale in Omaha, Nebraska. During winter, this is the perfect way to see properties in Omaha if you no longer own a parka and mukluks.
It's fun to keep tabs on things like property prices and cost of living back home, especially when we don't live there anymore. When we see some of the prices and remember how much the overhead costs are to live there, we feel almost like geniuses for moving to Ecuador.
Advertisement
Example... a beautiful 2,520-square-foot, two-floor condo in Omaha's trendy Old Market neighborhood that was listed at $310,000 four years ago is now asking $210,000. A nice price reduction, you might say... except that the taxes, utilities, and Home Owners' Association fees haven't gone down a bit in that time. Annual property taxes are about $6,500 (or almost $550 per month), and the HOA runs $265 per month... and no, heating and air conditioning costs are not included. In Nebraska, heating and air conditioning are not luxuries -- they're necessary for survival.
Add it all up, and then throw in another $65 a month for homeowner's insurance. That makes just the annual carrying costs for this place about the same as our total annual budget in Ecuador -- and that's for everything... food, utilities, taxes, water, electricity, Internet, satellite TV, transportation, HOA dues, and a steady supply of Chilean wine.
In other words, we can live for an entire year on what the owner of that condo would pay just to keep the walks shoveled, the pipes from freezing, and the tax assessor off his back.
So are we really geniuses?
No. We just learned that we had options. Lots of them.
There are dozens of places... some far from the U.S., but many pretty darn close... where the cost of living is significantly lower and the weather is significantly better than in many parts of the U.S. These significant savings and improved comfort levels add up to a greatly improved quality of life.
Advertisement
All you have to do is know where these places are, and what it takes to get to them and live in them. And of course, you must be willing to think outside the U.S. box.
It's a time-proven formula that people living abroad have known for years... better weather plus lower cost of living equals a better life. And depending on where you choose to live, you can do all this without sacrificing a thing in quality health care and other modern services.
Those we've lived in ourselves include Ecuador, Panama, Nicaragua, and three places in Mexico, and those we've traveled to and reported about include Belize, Uruguay, Argentina, Colombia, Costa Rica, Brazil, Guatemala, the Dominican Republic, and even more places in Mexico.
That's just a partial list of the Latin American possibilities... and there are just as many likely spots around the rest of the world.
And from the right home in the right location in any one of them, you can compare property prices and cost of living for homes back in northern climes and you, too, can feel like a genius.
Advertisement
5 Affordable Countries for Retirement Overseas
Our 2024 Coverage Needs You
It's Another Trump-Biden Showdown — And We Need Your Help
The Future Of Democracy Is At Stake
Our 2024 Coverage Needs You
Your Loyalty Means The World To Us
As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That's why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.
Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we'll bring you hard-hitting investigations, well-researched analysis and timely takes you can't find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.
The 2024 election is heating up, and women's rights, health care, voting rights, and the very future of democracy are all at stake. Donald Trump will face Joe Biden in the most consequential vote of our time. And HuffPost will be there, covering every twist and turn. America's future hangs in the balance. Would you consider contributing to support our journalism and keep it free for all during this critical season?
HuffPost believes news should be accessible to everyone, regardless of their ability to pay for it. We rely on readers like you to help fund our work. Any contribution you can make — even as little as $2 — goes directly toward supporting the impactful journalism that we will continue to produce this year. Thank you for being part of our story.
It's official: Donald Trump will face Joe Biden this fall in the presidential election. As we face the most consequential presidential election of our time, HuffPost is committed to bringing you up-to-date, accurate news about the 2024 race. While other outlets have retreated behind paywalls, you can trust our news will stay free.
But we can't do it without your help. Reader funding is one of the key ways we support our newsroom. Would you consider making a donation to help fund our news during this critical time? Your contributions are vital to supporting a free press.
As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That's why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.
Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we'll bring you hard-hitting investigations, well-researched analysis and timely takes you can't find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.
Thank you for your past contribution to HuffPost. We are sincerely grateful for readers like you who help us ensure that we can keep our journalism free for everyone.
The stakes are high this year, and our 2024 coverage could use continued support. Would you consider becoming a regular HuffPost contributor?
Dear HuffPost Reader
Thank you for your past contribution to HuffPost. We are sincerely grateful for readers like you who help us ensure that we can keep our journalism free for everyone.
The stakes are high this year, and our 2024 coverage could use continued support. If circumstances have changed since you last contributed, we hope you'll consider contributing to HuffPost once more.