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Home › Forums › Costa Rica Living Forum › Not all bad news?
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One thing seems certain to me: that economies are driven by human behavior and human behavior, while controlled mostly by emotion, is not unpredictable. The U.S. media is doing its usual best to come up with scandalous headlines and stories and the usual outcome would be a self fulfilling prophecy of doom and gloom. When greed is not running the herd, fear is.
So more money will probably flow out of the U.S. market into Costa Rica but instead of coming from individuals, it will now be coming from institutional investors; corporate money. I assume that means a much larger and more concentrated flow, mostly into governmant hands.
Money is the supreme corruptor and I wonder what this will do to little Costa Rica and its noble but under funded efforts to preserve its ecology and its democracy. The Gringos and the Chinese are coming and Costa Rican might be facing the biggest challenge in its history.
Your gringo.china scenario is a good assessment of the future.
I see the USA baby-boomer part as individuals seeking retirement homes and communities trendinging up for another few years. The USA corp builders may come in compete with exisiting builders to levereage the dollar. We will see. No matter what prices are going up.
The Chinese factor is on a grander scale and they are after natural resources. The ouster of the Tiwanese and acceptance of the PRC ambassodor is the most telling recent historical event. Keep watching for the results for major accords opening markets for raw materials like timber and minerals. The Chinese will offer money for major infrastructure projects like sewers, roads and telecommunications. This will be on a scale no small investor can handle. If the populace is quiesent and remains passive, the government can sell them down the river, literally.
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