By nicaraguanpost
Published July 16th, 2008
No previous U.S. generation has seen the world change faster and more dramatically than the 76 million Baby Boomers. If you’re one of them or in the same range, you understand that for many there exists a feeling of being in a special place and time, of seeing and experiencing a myriad of transformations that imbued many with a residing sense of adventure.
That quest for adventure now is manifesting itself in the search for lifestyle options that will provide healthy returns and something different from their parents’ idea of retirement. For Boomers, it may be a desire to seek new business opportunities paired with a lifestyle shift. Or it may be reinventing themselves in a way and place that keeps them active and involved.
Research indicates that Boomers will be the generation that globalizes retirement. With enhanced technology knocking down barriers to communications, people can stay in touch and work from virtually anywhere in the world. Zogby International already has coined “reverse migration” to describe the growing trend of movement from wealthier countries to emerging countries. Over 11 percent of the Americans polled by Zogby in a recent series of surveys indicated they had decided to relocate, were serious or somewhat serious about relocating, or had decided to purchase a vacation home overseas. According to the surveys, Europe was the most popular destination, with Central America ranked second.
There are many Boomers who wish they had invested in Costa Rica 20 years ago when that country began its emergence. Those who did have seen condos that sold just 10 years ago now commanding prices exceeding 10 times the original sales prices. Beachfront lots that sold originally for under $100,000 now often sell for millions. Increases in value of more than 1,000 percent have not been uncommon.