Pros and Cons of living in Medellin, Colombia
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- čas přidán 18. 06. 2024
- I had a discussion with my Medellin realtor Mauricio on the pros and cons of living in Medellin as he moved there full-time from Sweden.
🇨🇴 Get in touch with Mauricio: thewanderinginvestor.com/serv...
🇨🇴 Full analysis of the Medellin real estate market: thewanderinginvestor.com/inte...
🇨🇴 How to get residency in Colombia: thewanderinginvestor.com/serv...
00:00 Introduction
00:25 Why did Mauricio leave Sweden?
01:30 Cost of living in Medellin
03:00 Weather in Medellin
03:30 Same timezone as the US and accessibility
04:10 Hiring local talent
05:10 Great lifestyle in Medellin
06:30 Great airport in Medellin
07:36 Hard to get a long-term lease
08:15 Horrible banking in Colombia
08:45 Inefficient and bureaucratic
09:10 High taxes in Colombia
09:30 Crime in Medellin
10:00 Pollution in Medellin
11:00 Many people are moving to Medellin
📌 or send him an email: mauricio@thewanderinginvestor.com (include your Whatsapp if you use it)
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No part whatsoever of the discussion and presentation is, or should be considered as, investment advice, financial advice, legal advice, or tax advice. Always do proper due diligence and speak to a qualified professional advisor in your jurisdiction. Also, be advised that Ladislas Maurice and The Wandering Investor staff may own real estate or investments in the specific markets or opportunities that are discussed. The Wandering Investor may also have marketing agreements in place with certain opportunities that are mentioned.
Great info!
Thank you
amazing video as usual
Great video great feedback on Medelin. Mauricio was very helpfull when arrived in Medellin and visited lot of properties with him. Great service
I give Lad a thumbs up even before watching the video because I know it's going to be an enlightening video even if i don't always agree with everything.
Good summary, it's how I felt when I was there. As always, everything has its advantages and disadvantages. The biggest advantage is the cheap cost of living if you have an income in dollars, euros or other "strong" currencies.
Very interesting discussion. The crime aspect is a deal breaker for me, but everyone has their preferences and regardless, I love learning about all these different areas of the world through your channel.
Thank you Jesse
I will love to visit
The thing is, apartments and townhouse style homes are fairly reasonable (600usd) per month but if you want a country style house with a yard, forget about it, your looking at 2000 usd per month rent or minimum 400k to buy, especially in "el oriente" which is up in the hills just outside medellin where everyone wants to live. But I will say the monthly cost of living apart from rent is about half that of the USA.
Wow a doctor has the good, life in Medellín . Who would have guessed ?
i live in the Netherlands and have a bank account in colombia.. no problem..
Thanks for this insightful discussion. Medellin is an amazing city and I enjoyed the time I spent there (pre-pandemic). The recent uptick in crime makes me a little nervous, though I realize you only hear the bad stories in the comments sections and for every bad story, there are thousands of "non-stories" from people who had no problems. That said, Medellin is still on my list of potential property investment locations.
Does Colombia have a taxation treaty with the US that prevents double taxation of income? To me, the lack of such a treaty would be more of a hinderance to me than the uptick in crime.
Also, are there many opportunities to buy a 4-6 unit building to renovate? I have some friends that may be interested in going in on that kind of investment, where each of us "invests" in one of the units.
Thank you. There isn’t a double tax treaty with the US but maybe you can still get tax credits for taxes paid in Colombia - ask your CPA. As for buildings to renovate, definitely. Get in touch with Mauricio (mauricio@thewanderinginvestor.com). He may have a few. Cheers
Bravo Americain ! ;)
😅
Doesn't it rain a lot in Medellin?
How is the Capital gains tax in Colombia, is it 10%?
Yeah, looks like 39 and 10
Nice Hat! Go Expos Go! …
What happened with your recommended contacts in Mexico? They went afk. No responses.
Which one?
Is that place safw for tourist / passport bro
Heard many stories about passport bros getting drugged by Colombian gyals. Up to you bro but that is an expensive price to pay just to empty your popol.
How do people handle the heavy air pollution and fire smoke. Mauricio just left out the issue of residency or tourist visas.....
thewanderinginvestor.com/services/residency-and-citizenship-by-investment/how-to-obtain-residency-in-colombia/
@@TheWanderingInvestor Lad, could you discuss a bit the element of air pollution, trash accumulation, congestion, seaweed, etc. as some of the "Cons" for Medellin or other locations you discuss? I think it would be a great subject, and would give a wider perspective to real estate and development.
@@dovygoodguy1296 Yes. Traffic and pollution are big negatives in Medellin.
Is insurance available for expats over 65?
If you are a resident yes. Cheap.
@@TheWanderingInvestor Amazing, because foreigners in most countries in Latin American will not be accepted if they are 70. Or possibly 75.
I live 6 months each year in San Diego Neighborhood of Medellin. I bought in 2018..so my housing is affordable. Food and utilities also still affordable. Interestingly, I just visited Odessa and the prices and costs are very similar...Real Estate investment and rental return very similar. After summer, once Russia has established control of Odessa, I will start real estate buying there as well...living Medellin 6months, Odessa 6 months. Establishing real estate holding business in each country.
For all the affordability AND availability of housing within metro Medellin. The health care being wonderful and quite affordable. Daily expenditures for food, utilities, etc., quite reasonable.
The AIR QUALITY of Medellin is awful! For the greater part, filtered/central ventilation offered in Medellin is nonexistent...open the window (no screens) the airflow is great...including the carbon precipitates from bus, auto and motorcycle traffic.
Terrible AIR QUALITY! Mop you floors...scrub them if you like. Don a pair of white socks and walk around...BLACK! Everyday, every night...every holiday...AIR QUAlITY is terrible in Medellin...cough, cough...hack, hack.