This is third or fourth article I have written about Costa Rica’s on-line forums. I usually write in response to something that really angers me like false information. There are a lot of so-called experts out there. This is especially true when it comes to giving advice about investing.

Currently there is a financial crisis in the U.S. which is bound to affect the rest of the world including Costa Rica. However, nobody I repeat nobody has the answers nor can predict exactly what will happen in the future – not even the real experts.  It really irks me when people dole out completely subjective advice about the economy or paint a gloomy picture about investing here.

What these people do is cause panic and investor confidence here. I strongly believe we will be affected the to some extent by what’s going on up north, but we will come out of it stronger than ever.  Costa Rica is one of the magical places on earth. Because of the country’s beauty it will continue to attract Baby Boomers, retirees and savvy investors who are looking for safer and alternative markets to place their money.

Furthermore, as I have stated before “The bigger are, the harder they fall.” Costa Rica is a small country with only a little over 4  million people. Smaller countries are not affected to the same extent larger countries are with bigger economies. We are also more self reliant in that we can live off what we grow here and the people are used to living with a lot less.

In addition, big players like Citibank, Intel, Proctor and Gamble and Hilton Hotels, to name a few,  continue to invest in our country which will help the local economy immensely.

When I read erroneous and subjective crap like the paragraph below from one of the forums, it really sickens me.

With regard to the real estate market and mortgages (of which I am an expert from previous life in USA with 200 employees under me), CR is about 12 months behind USA.  Everything in CR is way overpriced now.  Supply will exceed demand shortly and the market here in CR will crash within 1 year (just my opinion).  Remember buy low, sell high.   Right now things in CR are HIGH.