Ecuador Beach Condo Surprise


Here is an Ecuador beach condo development where a number of single women expats call home.

One of the best ways to beat inflation is to live in low costs areas like the coast around Bahia Ecuador.

Here’s an update on this area beginning south of Bahia starting at San Clemente.

Ecuador Beach-Apartment

Beach at San Clemente.

The map below shows why San Clemente (marked with A), which is just a bit south of Bahia, was the first place on the coast where I bought Ecuador beach real estate.

ecuador map

San Clemente is a small village almost equidistant to the two airport access points on Ecuador’s coast, Manta and Bahia, plus it is on the coastal highway just before it veers inland behind a strip of low lying hills.

Bahia Hotel

These hills run along the coast from San Clemente to Bahia and further north separating the highway from the beach, discouraging over development and encouraging quiet hidden beach opportunities.

In addition San Clemente is almost equidistant to Quito and Guayaquil, the two largest population centers, and is accessed by major roads also shown on this map.  This creates holiday opportunity for the big city folk.

San Clemente is itself a tiny… dusty village so the attraction here is peace and quiet.  This is what Merri and I love.

However, those who want to live in a lively town will do better living just a bit further north in or closer to Bahia.

san-clemente-manabi

Our Ecuador beach penthouse is at Vistazul. This community is nicely protected by those hills.

visatzul

Vistazul is right on the beach and protected by these low lying Manabi hills behind.

Here is the view from our penthouse so you can see…

coastal view

why we love it there.

Now Vistazul is about to get even better.

The developer of this project, Kjetil Haugan, recently sent me this note.

Gary,   This email is to inform you that we will close the hotel from next week on and until late June for renovation.   We will change the location of the kitchen, increase the capacity of the restaurant, redo the swimming pool (partly infinity pool), put A/C in all rooms, put in new beds and mosquito nets, fix all the sliding doors/windows, put in concrete walls around the hotel, fix the gardens, make more family suites, paint the hotel and change and redo everything from the dining tables, to the outdoor furniture.  Most of this will be done during these 6 to 7 weeks but the rooms will be done throughout the year.

We will also start to sell club memberships to local people with a point system plus offer this to the ex pats living in Cuenca.

We are adding new administrators at the hotel; Edwin and his Canadian wife, Cris. They used to run our yacht operation in the Galapagos. She will also help out at Vistazul being the contact person for the residents and helping out with decoration, purchase of furniture and rental management.

So hopefully you will have time to come down to San Clemente later this year to discover the new Palmazul!

Vistazul is also doing well right now. The electricity work, water plant and gardening should all be ready by the end of May. Then I will help the residents start to form the HOA. I have also contracted all the doors/windows so the remaining units will be completed within 4 to 6 months depending on the workers.

I had a lot of interest in the one level units and we continue to offer finance. Regards, Kjetil

ecuador-beach-condos

See more details on these condos here

For answers to specific questions contact, Kjetil Haugan, at kjetil@haugancruises.com

This is an exciting evolution for the small community and remains a great bargain… the $79,000 price includes club membership which includes use of all the improved facilities.

Back in 2007, my friend, Kjetil Haugan, sent me a note that he was building this hotel and would have his the new year celebration there.

When I saw the construction pictures… I wondered.  A lot of work seemed undone.

This was the hotel in November 2007.

ecuador-beach-condos

and the pool at the hotel.

ecuador-beach-condos

Yet Kjetil did have the hotel open for the 2008 New Year celebration.

When we visited in early January 2008,  the hotel looked like this.

ecuador-beach-condos

Kjetil then told me that the hotel was also designed as the clubhouse for 60 + condos he would build on this land behind the hotel.

ecuador-beach-condos

I knew the land..  I knew Kjetil.  I was impressed and bought the first five condos myself.  Kjetil said that he would have the first units finished by the end of the year.

True to his word, Kjetil kept to his timing and despite the recession of 2008 has completed and sold out this development.

Ecuador beach real estate is still inexpensive but prices have been rising. Those condos began at $79,000 but prices have risen over the last year to:

I personally have a unit here  in the Vistazul complex so this is my front yard.

international-club-coast-view

Here are the first condos which originally went on sale at $79,000.

Ecuador-beach-condos

They are 1,200 square feet, two and a half bathroom, two bedroom units, on two floors and a roof terrace.

Ecuador-beach-condos

Here is a group of our delegates inspecting the roof terrace.

Ecuador-beach-condos

Here is the sunset view from the beach in front of these units.

ecaudor-sunset

They are one minute’s amble to the club house restaurant, where you can dine.

ecuador-coastal-tour-beach-dining

The seafood comes fresh from these fishermen who leave from the beach in front of the clubhouse each day.

ecuador-coastal-tour-fishermen

Kjetil Haugan, a Norwegian who moved to Ecuador after being the administrator of Atlanta’s Olympic Village, became a prominent businessman, owning the largest Spanish school in the country along with several Galapagos cruise ships.

Kjetil and his wife Jessica built Palmazul Hotel which is also the clubhouse for these condos.

The owners of the condos  enjoy Palmazul as their community center…all the hotel facilities are available to home owners.  This provides living on the beach with tennis court, pool, beach, fine dining, exercise room and all.

ecuador-coastal-tour-tennis

Here is a shot taken from one of the Vistazul condo rooftops.

ecuador-coastal-tour-terrace

Until next message, good Ecuador living!

I always recommend that you look and then rent before you buy.

Gary

2015 Schedule

2015 Schedule

Schedule 2015  Seminars and Courses

Mount Dora

Delegates enjoy taking breaks at our winter courses in Mount Dora.

jefferson landing

We conduct our summer camps at Jefferson Landing in West Jefferson North Carolina.

Join us in balmy Central Florida in the winter and the Cool Blue Ridge in summer.

Join Merri and me for all the courses and seminars that we’ll conduct to help you gain positive solutions to your economic, financial and lifestyle concerns.

Here are the courses we currently have scheduled in 2015.  Course in bold conducted by Gary & Merri Scott

Oct. 10-11, 2015, West Jefferson, North Carolina.  Multi Currency, Protect Against a Weak Dollar Investing Seminar.  (Normally $799 or $999 for a couple)

Overcome 474 Days of Deceit

Tuesday, November 8, 2016, 474 days from now, is the 58th US Presidential election.  Plus elections for all of the seats in Congress and 34 in the Senate.  How many deals will be made between now and then that could reduce our pocketbooks?  What trade offs will be agreed that will weaken our personal freedom?  Which agreements will fill our days with more red tape?

There is so much deceit in the political promises and so much deal making that has nothing to do with the country’s or you and my good.  What can we do to retake control?  How can we see behind the scenes and stop the erosion of our rights and reductions in our standards of living?

Politically there may be little we can do, but here are two tools for our individual investing survival:   numbers and words.

Numbers relate to value.   Our wealth can survive today’s political onslaught and grow by spotting investing value through mathematical precision.  Good value strengthens wealth and beats back a deceitful world.

Words define the law.  Words create laws that define our rights, ownership and freedom.   These words are also used to take these benefits away.  Those who write the laws always include sections that protect themselves and their common interests.   A good attorney who understands how to use appropriate planning can use the same words to protect our income savings and rights.

As a run up to my 50th year of speaking and writing about savings and investments around the world I decided to ask my friends who are mathematical and legal geniuses to share a weekend with us to cut through the fog of rapid change and learn how to beat the system that seems so integrity challenged.

 

Gary Scott

1966

gary scott

2015

The idea of using math to find good value equity investments led me to ask mathematical analyst, Michael Keppler, to join us in the Blue Ridge for a seminar.

Fwd: keppler

Michael is a brilliant mathematician.  We have tracked his analysis for over 20 years.   He continually researches international major stock markets and compares their value based on current book to price, cash flow to price, earnings to price, average dividend yield, return on equity and cash flow return.  He compares each stock market’s history.  From this, he develops his Good Value Stock Market Strategy.  His analysis is rational, mathematical and does not cause worry about short ups and downs.

Don’t Red Line Your Investments

According to Keppler’s analyses, an equally-weighted combination of good value markets offers the highest expectation of long-term risk-adjusted performance.  His mathematical predictions have been eerily accurate as the red line below shows.

Each quarter Michael shares with me (and other professional investors) his “Total Return Predictions”.

Screen Shot 2015-07-16 at 7.23.02 PM

Click on chart to enlarge.

This chart shows the entire real-time forecasting history of Keppler for the KAM Equally-Weighted World Index, he started in 1993.  Keppler contnually shows what his mathematic formulas predict for markets four years ahead.  These numbers are based on mathematical relationships between price and value over the previous 15 years moving forward in monthly increments.  In this way Keppler uses numbers to continually  adjust to the ever-changing market norm.

Keppler’s chart includes two remarkable episodes.  The first in the period when global equity markets peaked and crashed over a five-year period from 1997  to 2001.  Keppler’s Equally-Weighted World Index predictions stayed above the upper forecast band and accurately predicted the recovery and how much global markets would rise.

The second remarkable period started in October 2008, when again Keppler’s forecasts again accurately showed where markets would reach as they fell below the lower forecast band.

Imagine the extra profit professional investors have today when they invested in these depressed good value markets before they again rose.

Keppler’s projections now indicate that global markets are expected to rise from between 2.1%  and 13.0 % in the next three to five years.

Learn about Keppler’s projections and about Asset Allocation from Michael Keppler in person at our Value Investing Seminar October 17 & 18 in Jefferson, North Carolina.  

Learn how to also let the law work for you.

les-share

One way to protect our wealth and freedom is to have a good attorney who understands how to use appropriate planning so you can also be protected rather than hurt by the law.   

I have also asked our friend of more than 30 years, Leslie Share, to speak at the October Value Investing seminar.  Leslie is an attorney in Coral Gables, Florida who specializes in general, corporate and international taxation, estate and gift tax planning, internal revenue service matters at the agent and appeals level plus most important, he specializes in wealth preservation.

He has the highest possible Peer Review Rating by Martindale-Hubbell, Florida Super Lawyers and The Best Lawyers in America.

Leslie is the type of attorney who can help gain asset and wealth protection if you live in the US or  abroad.

Cash in on the best opportunity in 32 years.  Currency diversification has always been important for safety, but right now a multi currency opportunity is brewing and has more profit potential then we have seen in over three decades.

Our “Investing Seminars” started 32 years ago when one of the best set of three currency and equity conditions ever existed.  Over these decades our semi annual seminars have updated what’s going on in global investment markets and what to do.  In all those years, few times have conditions offered as much long term opportunity as in 1982.

Now three the great economic conditions have returned.

jefferson Landing

Our October seminar will be at the Jefferson Landing Country Club.

Conditions have come together just as we saw at our first seminars in the 1980s.  The US dollar, the US stock market and the price of oil are acting almost exactly as they did in the early 1980s.  Knowing these conditions and why they have merged and what to do about them can help you create a fortune.

One way to tap this potential (we’ll review this at the seminar) is to invest in Keppler’s Good Value Country Strategy with ETFs (Country Index Exchange Traded Funds).  For example there are currently ten good value developed markets, Australia, Austria, France, Germany, Hong Kong, Italy, Japan, Norway, Singapore and the United Kingdom.  You can easily create a diversified portfolio in each or all of these ten countries with Country Index ETFs.

We review Country Index ETFs at the seminar.

Join Merri, me, Michael Keppler and Leslie Share.  The “Value Investing Seminar” looks at how to protect purchasing power and pensions with value investing.  The course teaches how to add safety and create profits by spotting multi currency and global equity cycles through good value mathematics.

Value Investing Outside the Box.  Here is a partial syllabus of the seminar:

* See new breakout possibilities… in global investing.

* Benefits of early investments in an oil that’s up 22.8 times in the past ten years.

* Beyond Gold.  Three hard assets that protect against all currency erosion.

* The Small Country Effect. Why small markets rise more than large ones.

* Top Value small markets and how to easily invest small or large amounts.

* The best four currencies for the year ahead.

Few decisions are as important to your wealth as WHICH CURRENCIES to invest in. This has been our area of expertise since the 1970s.  Learn how to use ETFs to gain multi currency diversification.

Details in this session also include:

* How to easily buy global currencies, shares and bonds.

*  The benefits of investing in real estate in Small Town USA.  We will share why the value is special and why we have been recommending good value real estate in this area since 2009.

* What’s up with gold and silver.  One session looks at my current position on gold and silver and asset protection.  We review the state of the precious metal markets and potential problems ahead for US dollars – how interest rates at zero eliminate opportunity costs of diversification in precious metals and foreign currencies.

* New tax strategies.  How to create businesses that earn income and reduce tax.

gary scott

Gary Scott at a multi currency session.

The seminar begins with a 1000 Year Economic Review that leads us up to where markets are now and head for the next 474 days and beyond.

Learn how to:

* Find good investing value.

* Use multi currency portfolios.

* To use multi currency for diversification-speculation & hedge.

* Earn in water and agricultural investing.

* Gain with special situations now for aggressive growth

Saturday, Sunday, October 17-18, 2015, Jefferson, North Carolina.

Join Michael Keppler, Leslie Share, Merri and me.  Enroll here $499. Couple $799.

Gary

 



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