Join me on INSTAGRAM, my name is ecuadorchick.

Friday, February 29, 2008

Buying a Condo

Dear Family and Friends,

As we are sitting here in Ecuador and hearing about the falling Dow Jones and shrinking house values back home, it is difficult to know what to do to protect our retirement investments. We found out about a condo that is for sale from some friends. When Randy and Karen were here last week, we went to look at the condo and liked it very much.

Cuenca is growing by leaps and bounds. We thought it over and decided to take some money and invest it here in Ecuador. So, we made the sellers an offer they could refuse...but they were motivated sellers and accepted our offer.

At this point, we do not intend to rent or lease the property. We are thinking of spending our winters here. It is very nice weather...not too hot and not too cold. Right now, the cost of living in Ecuador is very good compared to anywhere in the U.S.

Since the condo is part of managed property, we can safely lock it up and return home anytime.

Our new condo is in a building overlooking the Tomebamba river. We have a first floor apartment with lots of terrace for Chuck to exercise his "green thumb."

The best part is that we have a guest bedroom. So, if you did not come to Cuenca this year we hope you will visit in the future.

Here is a picture of our apartment building:

Nancy and Chuck

1 comment:

Comments are welcome.