Now that I’m fully retired, I have been looking at residency in Panama or Mexico, each having its own advantages and disadvantages. I am deciding on Mexico because it has direct flights to most places around the world. Panama uses the US dollar and could hurt me when the dollar increases in value. The Mexican peso is always less than my Canadian dollar, giving me greater value there. The Mexican Consulate has an office in Calgary and I have a meeting with them next month to discuss residency status. The US border then opens November 8th 2020 allowing me to drive my campervan “Old faithful” to Playa Del Carmen, Mexico. (I drove the same van to Panama City, Panama 6 years ago from Calgary, Canada.)
Another reason I picked Mexico over Panama. I can buy a nice condo in a gated community with pool and gym for about $90,000.00 USD. A comparable condo in Panama would cost me more than $200,000.00 USD.
I am now focused on my road trip to Mexico. I started the first part of the leg (one third) from Toronto where I picked up the campervan from my friend Tim. His hapyhipi instagram place is one of my favorite hangouts on earth. I drove 31 hours Toronto to Calgary and plan to drive another 62 hours to Playa Del Carmen, Mexico. Cost of the trip is going up! Six years ago my road trip to Panama cost me $20/hr and today cost will be $22/hr. (Most people go by miles per gallon but I go by gas/hr!)
Looking forward to Change, life is good!.... Pete from WorldTripPete.com