and and get very new impressions of the skyline down here:
Must see the World’s Largest Urban Zipline. Amazing.
And sorry for the misleading headline.
Forecast: Just finished reading a business week article about the Valley. Great input. Will deal with soon. Here. So come back and share, please.
Read a story these days where a couple bought a small house of 70 m² in San Francisco for $1.2 mio. Shocking. And what did Mark Twain say about the summers there?
Even for well-paid IT people, this is a lot of money for not a lot of living space.
How about this one instead? Just one example.
Light-flooded 240 m² living area in one of the best and most expensive locations in Panama’s capital, for $995,000. One can get it for half of this along the coast, out of the city.
A penthouse with 3 bed/3bath at the entrance of the Panama Canal, 15 minutes from downtown and with stunning views of the skyline and historic quarter of Panama City, Panama.
Warm weather all year long. Numerous restaurants, yacht club in walking distance.
Nearby ferries going to the islands
Jogging and biking tracks along the Pacific entrance of the Panama Canal.
Do the math yourself. And it’s much more about quality of life then about money.
TechCrunch yesterday had an interesting article about how “Mexico’s Ressources Fuel The Texas Startup Economy”. Quite impressive.
There is a solid trend to consider Texas’ (and others’) neighbour country before China or India. Mexico appears to become the better place for manufacturing jobs. Labour may still be higher but transport costs and flexibility are superior, compared with Asia. Mexico and Central America will most likely become the new workbench for U.S. companies.
How does Panama fit into the picture?
Well, Panama has no surplus in workforce, nor does it have any track record in manufacturing. Panama is much more of a service than a manufacturing economy. Think of the vessel registrations, the solid financial sector, the offshore business industry. And how multinationals are moving their global or LatAm headquarters and callcenters to this country.
What Mexico is and will become for outsourced manufacturing, this should Panama be for California’s IT and VC firms. Fueling growth and profitability.
Preferrable business, tax and immigration rules, constantly growing economy, US currency, first world infrastructure, very affordable living costs, excellent investment opportunities, and a tropical lifestyle.
Think about it.