The Expat Files Show # 680 – August 4, 2017
#1- Tips on buying and selling items in Latin America: If you buy or sell an item using Latin classifieds, newspaper ads, internet sites like www.olx.com or any sort of Latin Craigslist clone or whatever method, don’t be surprised if you find most of the sales will take place in a Walmart, MacDonald’s or some other “borrowed” parking lot. It’s an odd but common practice in Latin America and here’s why…
#2- Latin Banks loosen their once very strict credit practices and help inflate the already very overblown real estate bubble. Beyond that, for the first time there is an ever-inflating credit bubble too. In the financial and credit sectors there seems to be a “lag time effect” about 15-20 years behind the USA and no historic memory of what causes bubbles. Newly loaned up and credit card maxed-out Latins seem totally unaware of the dire problems that await them. In addition, for the first time car dealers and banks are offering “no money down” financing for new cars like Volvo, VW and many others. Crazier yet is the fact that families can now finance or get a second mortgage to fund things like their daughter’s all important quince anos (15 year old) party. In that regard many Latin families will spare no expense since these events represent competitive one upmanship between families and neighbors, even within the poorer classes.
#3- Listeners are reporting daily that new US travel regulations and restrictions are making travel a very trying/tiring ordeal
#4- Johnny Mueller’s next Latin American “Expat Insider Seminar” will take place Saturday, January 6th through Thursday, January 11th 2018. Get on the early-bird list and get the info and signup details by sending an email to email@example.com
#5- Johnny’s new “Expat Essentials Course” is a blueprint for your “Plan B” and the best way kick-start your plan before getting boots on the ground in Latin America. See the three video intros to the course now at www.ExpatPlanB.com