Saturday, December 8, 2012

Plan for a Pro-Freedom Retirement Community in Latin America

I recently mailed this idea to the president of a leading retirement and healthcare real estate investment trust here in the U.S.  The idea is to develop planned communities for Americans in lower cost countries that have more freedom than the United States.  Chile and Uruguay are prime candidates, but as America becomes increasingly unstable and socialistic, places like Nicaragua, Panama,  and Nevis are also candidates. The proposal is as follows:

 I'm a college professor in New York who is a former Sunrise shareholder and has recently bought 100 shares of HCN.  I'm also a former employee-benefit-plan administrator in industry and have published on pension-and-ERISA issues and healthcare reform.  I have an idea for you, and I am happy to discuss it further.  The idea is to transfer what you're doing here to Latin America and the Caribbean (e.g., Uruguay, Chile, Costa Rica, Panama, and Nevis).

The model I'm suggesting is this:  A host country-based healthcare facility surrounded by a high-end retirement community.  The idea includes three or four elements:

1. There will be increasing instability in the United States due to monetary-and-fiscal policy. This will make a second, foreign residence attractive to affluent retirees who may be interested in basing part or all of their retirement portfolios in another market-based economy as well as in alternative citizenship and residence that will diversify citizenship risk.

2. Healthcare costs are on the rise.  Healthcare tourism is a way to sidestep the American system's costs.  An American-managed, community-based healthcare system will take the perceived risk out of healthcare tourism.  As well as providing a foundation for a large-scale community, the community's hospital could provide healthcare tourism services to Americans who want an American-managed healthcare facility. 

3. The cost of living in Latin American countries like Costa Rica is advantageous and can draw Americans threatened by inflationary monetary policies and a declining social security system. This may open large new markets for your organization.

4. Many Americans might be interested in relocation as a way to economize and enjoy life in a new environment, but they are deterred by the uncertainty, bureaucracy, and language barriers of relocation.  A systematic approach that would provide turnkey relocation support and services to Americans who wish to relocate but lack the initiative could open new markets.  In effect, an organized approach can replace the transactions costs of individuals' dealing with visas and the like with an organized approach.  These services could extend to citizenship applications, opening bank accounts, assisting with relocation, and language instruction. 


Mark Vincent Weiss said...

I agree with your thoughts here, In my mind we need to think our retirement in the future so that when that day come all we have to do is to travel and enjoy our being seniors. retirement home community is also important dont forget that.

Aaron Banks said...

I heard the latin retirement communities in Maine are fantastic. The culture there is very rich and the life is great.

Nancy Jorden said...

I have been trying to find a good retirement community for my parents. Does anybody know a good place in Colorado Springs?