Where are the Boomers Going Now?

Four the past 4 years I have been observing thecontinue to explode in the coming years. It is not a
growing trend for Americans and others, mostlytemporary trend. The most popular destinations for
Canadains and Brits, to purchase second homes andAmericans seem to be in Latin America, as this is
to also relocate to Panama. All we have to do is lookwhere the dollar exchange is the best. Especially in
to the Baby-Boomers to see where the next bigPanama where the U.S. dollar is the local currency!
growth industries are going to be. Lee Iacocca knewPanama, the third largest country in Latin America, is
this very well as he led Detroit to major gains first atemerging as a popular second home destination. "The
Ford with the Mustang and again at Chrylser with thesecret is 'out' for Panama, and Americans, especially
mini-van. Well the boomers they are aging and guessretirees, are expected to move there in droves in
where they headed? SOUTH! Just watch as the 2ndcoming years," says Hornberger. Comprised of 480
home market continues to thrive. But forget aboutmiles of terrain linking Costa Rica with Columbia,
Florida and the southern states. No, these boomers arePanama is arguably the hottest investment opportunity
much more worldly and are looking even further southin Central America. Scott Harris has 16 years of real
to places like Panama. Relocation to countries whichestate experience, and works in sales and marketing
offer a lower cost of living - lower taxes - retireefor Red Frog Beach in Panama. Harris says, "Panama
incentives and a low stress lifestyle are just beginningis one of the hottest international markets and
to see the arrival of the boomers. What's it going to beAmericans and other foreigners are snapping up
like when the peak of the Boomer wave hits in 2012?property like crazy." Jaime Figueroa Navarro is
In 2nd Home Journal, Ellen Newbury writes,President of Panama All In One, Inc. Navarro says that
"International Markets Heat Up - Boomers Fuel Secondhe has seen the trend in the booming second home
Home Buys Abroad. Americans are driving the secondmarket extend into his country.
home market, and redefining it in the process."…we're experiencing robust
Baby-boomers continue to expand the market withgrowth…many baby boomers are
their increased buying power. And they have begun tolooking to live here as there are many advantages not
turn their attention more seriously to locales outside theavailable stateside…for example, the
U.S. The move toward international second homespurchase of a new home or condo comes along with
comes is no surprise to the analysts who havea 20-year homeowner's tax exemption." The local
tracked boomers for decades. Globalization and thecurrency is the U.S. dollar, making transactions easier
internet have made it easy for these adventuresomefor Americans, as well as removing the component of
Americans to look beyond U.S. borders for investmentcurrency fluctuation and potential investment
and recreation. Boomers are being romanced bydevaluation. Navarro feels that now is the time to
international hot spots, and they're looking to invest ininvest in Panama. He says there are many bargains on
the attractive global real estate markets. The Nationalthe market and the potential returns on investments
Association of RealtorsÂ(R) (NAR) confirms theloom large. "…this is where there is the
phenomena. "We have seen this trend in Americanslargest business opportunity for the growing number of
buying vacation homes abroad," says Jeff Hornberger,investors and promoters. In Panama now, the rule of
International Market Development Manager for thethumb is, if you build a quality home, it 's
NAR. Hornberger says the NAR expects no slowsold…this trend will continue for the
down in the international second home market in theforeseeable future." Used by permission of Publisher.
near future. "The foreign second home market will