Live and Invest Overseas

San Salvador Surprises

Nov. 18, 2008
Panama City, Panama

PLUS:

  • What About The Wars And The Gangs? The Guerilla Fighters Are Now Voting Instead Of Shooting...
  • Thankfully, This Is No Guatemala City...
  • Where To Dock Your Yacht In Europe...
  • Panama's Month Of Independence...

AND:

  • "El Valle, Panama, The World's Top Retirement Haven? This Is The Best Joke I Have Heard Lately!"...

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Dear Overseas Opportunity Letter Reader,

"El Salvador is a small country," writes Roving Central America Correspondent Michael Paladin, "wedged between Guatemala to the west and Nicaragua to the east. About the size of Massachusetts or New Hampshire, it is infrequently in the path of hurricanes and subject occasionally to volcanic eruptions from two or three active volcanoes.

"The people here live well. The soil is fertile, the coffee world-class. There are more than 20 volcanoes in all, only a few active, arranged along two east-west mountain ranges. The River Lempa bisects the country.

"Originally settled some 10,000 years ago by Paleo-Indian groups from the north, and then by the Olmecs, considered by some the first Meso-American civilization, the country served as a crossroads for trade from east to west.

"Later, with the demise of the Mayan Empire to the north, small bands of Aztecs and Toltecs migrated south from Mexico, bringing with them 3,000 years of pre-Hispanic culture.

"Next on the scene was Pedro de Alvarado, who, before coming to El Salvador, had already thrown his weight around in Guatemala. Upon his arrival in the country in the early 1500s, things changed. The country became an important exporter of indigo, then coffee. As throughout the region, the land and the power resided with the few, the descendants of the Spanish conquistadores. This remains true today.

"The population of El Salvador is nearing 7 million people, of which 2 million live in the capital city, San Salvador. Another 2 million El Salvadorians live outside the country, mostly in the U.S., sending home several billion dollars a year, or some 15% of El Salvador's national GDP.

"What about the wars and the gangs? The most recent conflict was settled in 1992, and the guerilla fighters, the FMLN, were admitted into the political process, where they remain today, voting instead of shooting.

"The gangs? The Maratruchas and the MS-13 boys? They were put down with a heavy hand by President Tona Saca, who called his campaign Mano Duro. The present candidate for president has proposed a new slogan: Super Mano Duro.

"There are probably more gang members in the States than in El Salvador, despite the continual repatriation. They're easy to spot; they sport extensive tattoos and fight a lot.

"Did I feel safe during my recent visit? Yes. You should avoid the barrios in certain parts of San Salvador, especially at night, but that's good advice for most all Central America. There are guns, cheap liquor, and machismo enough in this part of the world to go around.

"San Salvador boasts two super malls: Metrocentro and the newer Multi-Plaza. These are multi-story fashion-, jewelry-, art-, bookstore-, and food court-laden edifices with anything and everything you could think of. I know of no other malls like these. If you want it, they've got it.

"Stick to the better parts of the city for your first visit. The Zona Rosa to the west has the better hotels. The city has two zonas nocturas for bar-hopping, with the Zona Rosa being the better choice.

"There are two seasons in El Salvador, the wet (May through October) and the dry (November through April). Temperatures run from the low 60's to the 100's. Along the coast, it gets steamy. I played 15 holes there last week and gave out, in spite of the Gatorade.

"I wasn't prepared to like San Salvador. I was expecting Guatemala City, and I arrived with an attitude problem, probably aggravated by the five-hour bus ride I took from Guatemala to get there.

"By the second morning, though, I was at ease and impressed with the city, the people, the food, and the climate. The Museo Guzman is a must, and I liked the Holiday Inn for their food and service.

"The countryside is beautiful and well-tended. The highways are the best I've seen in Central America. The U.S. has been giving El Salvador a lot of money, and it shows. They've spent it well.

"Will I go back? Absolutely...probably not by bus, but I will return. There's something charming and different about this country. I recommend at least a few days on the ground. Taxis are plentiful and cheap.

"Come visit. You'll be surprised. I was."

Kathleen Peddicord

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TODAY:

Here in Panama, they don't celebrate a day of Independence. They celebrate an entire month.

November is back-to-back holidays and one weekend trek to the beach after another, as the Panamanians mark their separation from Colombia on Nov. 3 (105 years ago this year)...and then, later in the month, Nov. 28, their split from Spain (187 years ago). In between those two dates, they schedule Flag Day.

The buildings around us here in Paitilla are draped with red, white, and blue bunting...and, across the country, all month long, there are parades, processions, dianas (reveilles), open-air music, and dancing in the streets.

FROM THE MAILBAG:

"The timing is great for me to find your site. I live on a yacht in Toronto, Canada, and, from time to time, do the occasional charter to offset my expenses.
 
"I've often thought of moving the yacht somewhere warm. Do you have any suggestions for where might be good?
 
"I am an Englishman and have a passion for Europe. I'm not necessarily a great sun worshipper...just not keen on the long Canadian winters.
 
"Here's my website so you can get an idea of my set-up:  www.maritime-gypsy.ca"
 
-- David W., currently docked in Canada

Croatia is probably your best option in Europe, dear reader. With all the islands and charter activity, you could move around easily and continue offering the occasional charter, as you're doing now in Canada.

In Central America, Panama is probably the best choice...or Los Suenos in Costa Rica.

In South America, Uruguay boasts good marinas, one at Piriapolis and one at Punta del Este. Uruguay could make a lot of sense, as you aren't looking necessarily for tropical.

***

"Your top retirement place in the world is El Valle, Panama? That's so funny, it's insane. It's a town with nothing there. Why even pick one that is three hours from Panama City? Pick one that's eight or nine hours. If the idea is to be stuck out in the middle of nowhere, pick the Darien. I would bet my last Balboa cerveza that Kathleen has never even spent any significant amount of time there. This is the best joke I have heard lately...thanks!"

-- Bob S., Panama

The El Valle of which we write and which we so heartily recommend, dear reader, isn't three hours from Panama City. It's but an hour-and-a-half away, which is why it's the choice of so many in-the-know Panamanians who keep weekend homes here...so they can get out of the city.

And that's the point--to get out of the city...while remaining, still, nearby enough to take advantage of the infrastructure and services it offers.

Remember, the until-now recognized #1 retirement haven in this country has been Boquete...which is an eight- or nine-hour drive or an in-country plane ride away from the capital. But that hasn't kept this little mountain town from developing into an important expat center.

No question...mountain living isn't for everyone. But, all things considered, a small, safe, friendly mountain town...with great weather and an affordable cost of living...within an hour-and-a-half drive of a capital city that is a banking, travel, business, and trade hub...in a country that is a tax haven and that boasts the world's best program of benefits and discounts for foreign retirees?

That's no joke, dear reader. That's the world's top retirement haven.

 

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