In today’s post from my guest contributors, a retiree from the US living in Bávaro, we look at housing costs.

Our monthly housing cost (mortgage, condo fee, water, sewer, trash removal, landscaping, weekly outdoor pesticide spraying, building & pool maintenance, security guards in our gated golf course community) is US$1,500 per month. Not including electricity.

For comparison, our US$1,500 per month housing cost provides us with a nicer home than, well, pretty much all of our friends’ homes. It’s big (1,700 square feet), 2-bedroom, 2-bath (plus a small maid’s bedroom & bath) with a really beautiful view, a great location and very upgraded finishes. US$1,500 is the cost to own. We could have rented a place similar to ours, unfurnished, for probably US$750 or US$800 per month.

Most of our local friends are renting modest little condos in the local community for under US$500 per month, but that’s not what I envisioned for my retirement years.

Anyway, most people THINK we’re rich Americans, although we are not, and we constantly TELL them that we are not. A rich American would not drive the old beat-up car (2000 Honda Accord, pretty badly scarred) that we have here, and truthfully, it’s all the car that we could afford to buy.

More about cars in the next installment!

 

Advertisements