Tag Archive | "Ecuador Lake"

Ecuador Bars


Ecuador bars are at times functional but also part of the culture.

The recent loss of Air France 447 had more impact on me than I would have thought… somehow recalling the millions of miles I have logged rushing through the dark night… high… comfortable and content…. protected by a sliver of aluminum skin.

I know that flying has risk. My children flew from England to the US for Christmas on the same Pan Am flight one day after the Lockerbie disaster.

Yet over the years memories fade and one forgets that even in the most mundane events there is risk that we can view as dangerous or enlivening.

I am thinking this because  recently we emailed an advertisement about a house for sale on Lake San Pablo near Otavalo and Cotacachi.

We showed pictures…

Ecuador-Lake-Property

of San Pablo Lake and…

Ecuador-Lake-Property

the house for sale.

Ecuador-Lake-Property

This is a 2,895 square foot house on 5.43 acres on San Pablo Lake, Otavalo for sale at $250,000.  To see the ad click on Ecuador lake property for sale.

Many readers wrote and asked me about those windows that were barred.

Apparently many readers asked the sellers about the bars as well since the seller recently sent me this note.

Gary, many have asked me to address the question regarding the bars on the windows.

The bars are there at this time, as no one from the family goes to the Lake House every weekend, as we are in the US, the decision was made to place these bars as we needed to make sure that our absence there will be no trespassing which we have never heard of one.  Although, it is true that in Ecuador insurance companies give a discount to have the bars on the windows, the new owners can remove them if they wish, we have never had a problem of a breaking into the house or the property.  Hope this addresses the matter, and as mentioned these bars can be removed without a problem.

I have more to say.

One of the great parts of living in different cultures is learning and enjoying new ways of life. Global living expands horizons… unless one tries to move expecting or even worse demanding their new home to be just like their old.

When I first moved to Hong Kong in the late 1960s,  I was fresh out of Prudential sales school which included how to dress… suits, ties, blue blazers and gray flannels and such.  It was refreshing to meet multi millionaires who wore robes… to see different ways of living… eating and yes they had bars on the windows there as well.  They also had shotgunned Sikh guards at every bank.

Then I moved to England and traveled and worked throughout Europe. There I discovered the courtyard. Europeans do not display their wealth like Americans do.   This is a culture  where there has been war after war. When people have wealth they hide it inside… conservative… smart.  This is especially true of the Latins… where the invasions and counter invasions have come and gone since Roman times and before.

Latins love the courtyard.  Our hotel Meson de las flores… looks pretty plain outside.

ecuador-bars

I love the courtyard as well…

ecuador-bars

being outside within…

ecuador-bars

an island from the hustle and bustle and crowd.

ecuador-bars

Here are delegates at a recent course in our courtyard.

ecuador-bars

This building was built in the 1800s… not as a hotel but as a home of one of the wealthy families here.  The downstairs was a stable.  This is the Latin way.

Every way of life has risks of some sort. Big cities have condos with locked doors and doormen.   US suburbs have gated communities…  security systems and private guards.

Here in the deep mountains of North Carolina we are 3/4 of  an hour from the nearest police… a mile or so from our closest neighbor and there are a some people who use drugs and meths.  Last year one of our neighbors was shot and murdered by an employee caught cracking his safe. Then the robber in a panic killed the wife and son as well.

So we have a different security system.

First cameoflauge.  Here is the entrance to our farm…

ecuador-bars

nothing fancy… even our office which can be seen from the road…

ecuador-bars

was built to look like an old barn. We even put a special finish on when it was new so it looked old.

An invisible target is no target at all.  This is a good piece of advice in all aspects of business investing and life.

Plus if someone were to come at night… we keep a shotgun.  This is the way it is  in the mountains in many houses.  No bars are on the windows because people know there is a risk if they break in.

This is a system that is usual, expected and effective here.  Yet when our children’s friends from England visit they are amazed… all these guns!

Every aspect of life has risk. When you think about it… life would be pretty boring if not.

An international life in Ecuador, Asia, Europe, Africa, city or country brings broadened horizons because this process lets us see different ways that many cultures deal with risk.  Learning all these ways makes us fuller, more balanced and wiser… if we are willing to learn.

Those who blind themselves with desires for the very existence they are leaving however… slow or reduce the joy of this growth process.

Next time you travel… look at the differences you see… not as risk but as opportunities to see new ways that others have adjusted to their histories. Do this and it can lead to a wonderful life where no holds are barred!

Gary

Join us in North Carolina or Ecuador

July 4-8  Ecuador Export Tour

July 8-9 Imbabura Real Estate Tour

July 10-13 Ecuador Coastal Real Estate Tour

July 24-26 IBEZ North Carolina

Sept. 17-21 Ecuador Spanish Course

Sept. 23-24 Imbabura Real Estate Tour

Sept. 25-28 Ecuador Coastal Real Estate Tour

Oct. 9-11 IBEZ North Carolina

Oct. 21-24 Ecuador Import Export Expedition

Nov. 6-8 IBEZ Ecuador

Nov. 9-10 Imbabura Real Estate Tour

Nov. 11-14 Ecuador Coastal Real Estate Tour

Attend any two Ecuador courses or tours in a calendar month…$949 for one.  $1,349 for two.

Attend any three Ecuador courses or tours in a calendar month…$1,199 for one.  $1,799 for two.

Ecuador – Florida Lake Property Comparison


Ecuador and Florida real estate offer value that can help turn the economic correction into profit.

Recently Merri and I found ourselves becoming more focused on investing in Florida. I explained why at Ecuador Shamans & Truth.

ecuador-florida-lake-property-comparison

Ecuador and Florida property on lakes can offer great value.  Our recent real estate tour visited this Ecuador lake.

We have zeroed in on several areas all around Lakeland,  Florida (our son-in law-daughter and grandson are there). We will be looking again at the end of the month.

Our main goal so far has been visiting… feeling…. looking a a few properties and lots of numbers to understand where the real estate market is now.

This search has given us a chance to compare Ecuador real estate with Florida real estate.    Both appear to have great value… but Ecuador real estate is still much much less expensive.

Take for example one Florida lake house that looks especially good to us at this stage.  It is a troubled property, 3,200 square feet on three acres on a lake in a very nice area.

This 20 year old house has four bedrooms, two bathrooms, fireplaces, hardwood floors, barn, 10 years old, tile roof cathedral ceilings, spa room, salt water swimming pool, and rental apartment inside house, balconies overlooking lake, all fenced irrigation system, mature trees, sandy beach, a nice 2 bedroom guest house and a barn.   The land has 160 feet of superb lake front.

This house was on the market originally at 1.4 million dollars and was offered at auction for 1.3 million in October 2006.  There was no bid at that time. The property has now been foreclosed and is bank owned.  The last listed price was $850,000.

What a bargain… barely its original sales price.

Compare this with the Ecuador lake house that I recently wrote about.

The Ecuador lakefront property for sale sits on  5.43 ares with a 2,895 square foot 1970s built house on San Pablo Lake in Otavalo.

The land is zoned for business, home, or a lake house and is fully furnished and was built in the 1970’s  with  4 bedrooms, 2.5 baths, 2 living rooms, 2 dining rooms, kitchen/nook area, game room, porch and balcony. The  caretaker quarters are attached, plus a garage (for boats and car). The land includes 900 plus feet of lake front.

Ecuador-Lake-Property

Compare Ecuador lake property:  2,895 square foot house on 5.43 acres on San Pablo Lake, Otavalo with 900 feet of lake frontage at $250,000 asking…

with the Florida lake property: 3,200 square feet on 3 acres with 160 feet of lake frontage at $850,000 asking.

Ecuador real estate offers twice the property at a quarter the asking price

This Ecuador lake property has fruit, pine, eucalyptus and palms.

Ecuador-Lake-Property

B-B-Q  on San Pablo Lake property for sale .  The asking price is $250,000.

CONTACT:

Mrs. Monica Arcos
Orlando, Florida
Telephone: 407-328-4777   (leave message)  or

e-mail: pportb@hotmail.com

or

MonkeyArcos@Gmail.com

In these times of change and turmoil understanding real value is harder than before. Comparing Ecuador lakefront property with Florida lakefront property can help us see value within value so we can turn the current downturn into opportunity.

Gary

See Ecuador lake property on our upcoming Ecuador real estate tours.

June 12-14 Shamanic Mingo Tour

June 16-17 Imbabura Real Estate Tour

June 18-21 Ecuador Coastal Real Estate Tour

July 4-8  Ecuador Export Tour

July 8-9 Imbabura Real Estate Tour

July 10-13 Ecuador Coastal Real Estate Tour

July 24-26 IBEZ North Carolina

Sept. 17-21 Ecuador Spanish Course

Sept. 23-24 Imbabura Real Estate Tour

Sept. 25-28 Ecuador Coastal Real Estate Tour

Oct. 9-11 IBEZ North Carolina

Oct. 21-24 Ecuador Import Export Expedition

Nov. 6-8 IBEZ Ecuador

Nov. 9-10 Imbabura Real Estate Tour

Nov. 11-14 Ecuador Coastal Real Estate Tour

Attend any two Ecuador courses or tours in a calendar month…$949 for one.  $1,349 for two.

Attend any three Ecuador courses or tours in a calendar month…$1,199 for one.  $1,799 for two.

Ecuador Lake Property for Sale


Ecuador Lake property offers opportunity.

Yesterday’s message looked at Ecuador & Water and some Ecuador lakes.

One of the great aspects of Ecuador is its Andean lakes.

One of the nicest lakes in Ecuador is Lake San Pablo near Otavalo and Cotacachi.

Ecuador-Lake-Property

San Pablo Lake.  San Pablo Lake has always been a source of these reeds which are made into reed sleeping mats.

Otavalo is two hours north of Quito and is perhaps the most prosperous area outside of Ecuador’s big cities.

Otavalo is an Indigenous city on the Pan-American Highway and this town sits on San Pablo Lake… about 15 minutes from our hotel Meson de las Flores.

Views of …

Ecuador-Lake-Property

San Pablo Lake which is…

Ecuador-Lake-Property

1,400 acres of surface and reaches 210 feet in depth.

This region is cradled between two volcanoes — Imbabura (15,026 feet) and Cotacachi (16,292 feet) and in Indigenous terms is one of the most sacred areas in the Andes.

This area enjoys a perennial springlike climate, with daytime highs in the low 70’s and nighttime lows in the 40’s. Flowers bloom year-round and farms get two or three crops a year.

There are two dry seasons, June through September and about a month at Christmas.  The two wet seasons however are not really all that wet.  Even in this wet season, weeks can go by without rain.

Otavalo market is the largest indigenous market in South America featuring… wool, cotton  and alpaca scarves and sweaters, homespun cotton pants, blankets and almost anything else that can be made on a loom was for sale, as well as simple wooden toys and handmade stuffed animals.

San Pablo lake is one of the largest in the area and is  less than two miles southeast of Otavalo.   Mt Imbabura rises from the San Pablo Lake on the opposite side of Otavalo in a succession of steeply pitched farm fields, topped by rocky slopes that disappear into the clouds.

Ecuador-Lake-Property

View from San Pablo Lake property for sale.

The Lake runoff forms the Peguche River which flows a short distance until it feeds Peguche Waterfall. This waterfall is considered sacred in pre-Inca times and used today for infant baptism. This then flows through a park eucalyptus grove into the  weavers’ village of Peguche.  The falls are  still celebrated at the beginning of “Inti Raymi”, (sun festival) when thousands of people visit them to take the “Baño Sagrado” or sacred bath as part of a purification ceremony.

Merri and I have been conducting real estate tours in this area for a decade and rarely do we find properties on San Pablo Lake for sale so I was delighted when this request for advertisement came through.

“Dear Gary,  My name is Patricia Portilla Boling, I read your emails with great interest as I am originally from Quito, Ecuador, but have lived in the US,  since my father accepted a job with the World Bank in Washington DC.   Though we have been in the US for a long time, we kept few properties in Ecuador. One of them is on San Pablo Lake, Otavalo. This is water front property and is very beautiful.    We are interested in selling this property and ask if it is possible to adevrtise this property with you.   I hope that this finds you and your family doing well that I hear back from you in this regard.

Here are the details of this lakefront property for sale.

22,000 square meters (about 5.43 ares) with house. The land can be used for business, home, or a lake house.

Located 58 miles from the Capital, Quito which is 4 hrs. by plane from Miami, Florida.

There is fishing, hunting, boating, sightseeing, camping and hiking in the area.

THE PROPERTY HAS A COMPLETE INFRASTRUCTURE

The house is fully furnished and was built in the 1970’s  with 2,895 square feet construction in 4 bedrooms, 2.5 baths, 2 living rooms, 2 dining rooms, kitchen/nook area, game room, porch and balcony. The  care taker quarters are attached, plus a garage (for boats and car). The land includes 900 plus feet of lake front.

Ecuador-Lake-Property

2,895 square foot house on 5.43 acres on San Pablo Lake, Otavalo for sale.

TREES:  Fruit, pine, eucalyptus and palms.

Ecuador-Lake-Property

B-B-Q  on San Pablo Lake property for sale .

Bordering neighbors:  YACHT CLUB and Imbabura Mountain.

NEGOTIABLE  Could be included:  3 boats and all furniture.

CLOSE BY ATTRACTIONS: Otavalo City, Indian handcrafts’ markets; Yaguarcocha Lake (Car Racing Track); Cuicocha Lake, located inside a volcano; City of San Antonio: Wood Crafts; City of Cotacachi: Leather Crafts.

The asking price is $250,000

CONTACT:

Mrs. Monica Arcos
Orlando, Florida
Telephone: 407-328-4777   (leave message)  or

e-mail: pportb@hotmail.com

or

MonkeyArcos@Gmail.com

Gary

See Ecuador lake property on our upcoming Ecuador real estate tours.

June 12-14 Shamanic Mingo Tour

June 16-17 Imbabura Real Estate Tour

June 18-21 Ecuador Coastal Real Estate Tour

July 4-8  Ecuador Export Tour

July 8-9 Imbabura Real Estate Tour

July 10-13 Ecuador Coastal Real Estate Tour

July 24-26 IBEZ North Carolina

Sept. 17-21 Ecuador Spanish Course

Sept. 23-24 Imbabura Real Estate Tour

Sept. 25-28 Ecuador Coastal Real Estate Tour

Oct. 9-11 IBEZ North Carolina

Oct. 21-24 Ecuador Import Export Expedition

Nov. 6-8 IBEZ Ecuador

Nov. 9-10 Imbabura Real Estate Tour

Nov. 11-14 Ecuador Coastal Real Estate Tour

Attend any two Ecuador courses or tours in a calendar month…$949 for one.  $1,349 for two.

Attend any three Ecuador courses or tours in a calendar month…$1,199 for one.  $1,799 for two.

Multi Currency Notes – Bank Transfer Risks


Multi currency investing is complicated by bank transfer risks.

Yet we must prevail because bank transfer risks are everywhere as you can see below.

An even bigger risk is inflation and the risk of losing your purchasing power if you do not hold multi currency portfolios.

Last month a multi currency message at this site looked at the growing “need to know” dilemma banks (and hence their clients) are facing.  It is becoming increasingly difficult to transfer money from one bank to another without proving the source.

If you missed that message read it at Multi Currency Banking Problem.

That message was written after I had transferred a down payment to my
attorney to buy some condos on Ecuador’s  beach.

My attorney’s bank refused to release the funds until I proved the source of funds.

My bank in Denmark, who wired the money in the first place, kindly sent an email stating that the funds had come from my pension account.  This did not satisfy the Quito bank.

Finally after more than two weeks, and only after my Ecuador attorney threatened to take legal action, were the funds finally paid.

“What is going on?”, I asked.

After checking around it has become evident that the first problem is that governments worldwide have decided they must know more about the flow of money to help them prevent terrorism.

The second problem is that these governments have placed the burden of this tracking on banks.

The third problem is that no one has made it clear how banks should do this.

The fourth problem is that every bank has then decided its own way of doing this and not trained their staff well.

The fifth problem is that this hodge podge of commercial regulation has created enormous confusion.  For example, one Canadian banker stated that nothing had changed. He could not understand why funds were being delayed.  Another Canadian banker told me that Latin America was on a prohibited list and funds could not be wired to Ecuador.

Probably what this means is that one Canadian bank wires money to Latin America all the time.  Another may have had a problem and will not.

This appears to be a “catch as catch can” situation and whether your money flows easily depends on what combination of banks you have chosen and which employees within those banks handle your transaction.

Delays add freezing of funds and can take place for international or even local transactions for a variety of reasons.

For example, one reader sent this note after the last message about this problem:

“How frustratingly typical!  I opened a basic stock trading account with an
online broker as I wasn’t 100% happy with my existing one. Today two days later they put a block on my new account, and sent me an email about there being a ‘negative public record’ on me.

“It turns out that some other dude with the same name as me, nine years ago, was indicted on charges of laundering money and other wild and roguish things.

“Now let’s remember that the word ‘indicted’ doesn’t actually mean ‘convicted’- just formally charged.  It appears that even being indicted (ACCUSED) of something is enough for this provision to kick-in.

“Let’s be clear here that this is just someone with the same name as me who nine years back in the same state was CHARGED with something. I say ‘same state’ although I did not even visit this state where I live now until three years after the indictment.

“It took me weeks to regain access to my account. Lucky my name wasn’t James Smith which is the most common combination of first and last names in the USA”

HOW TO SAFEGUARD YOUR TRANSFERS

Since having my problem in Ecuador, my attorney there wrote the following:

“I just talked to my bank officer.  When the amount is higher than $50,000 it is necessary to justify the origin of the funds.  To do this the bank requires an official letter from your bank stating that the amount you are wiring has been deducted from your account.  You can scan this letter and email it to me.

“A second option is to just email me a scanned copy of your account report where it is shown that the amount has been wired from this account.  Of course,  I feel this is an invasion to your privacy, so I suggest to go for the first option.

“Another way to do it is to transfer the money in separate wires (different dates as well) of lower amounts than $50,000.”

So here is what I am doing.  When I am about to make a transfer, first if it is reasonable send less than $50,000. For example right now I am making a
$76,000 condo payment.

I first informed my sending banker what the wire is for.  I outlined the entire transaction and why I am sending the way I am.

Clear communication in advance is my plan.

Second, I informed my attorney and asked her to contact her banker and let him know everything in advance and make sure this is all okay…to ask if he wants anything else in advance.

When I received the okay reply, I wired $35,000. Once my attorney has confirmed receipt of these funds, I’ll wire the next $36,000.

I’ll let you know how this goes.

Until then, let me read your horror stories on transferring funds.  Better still let me know your solutions.

Gary,

See dates for our Ecuador courses and tours:

Coastal Real Estate Tour

Here is our last tour group at this Ecuador beach hotel for lunch.

Ecuador-Beach-hotel

Here they are dining in the ocean breeze.

Ecuador-beach-restuarant

Maybe tme for a snooze on the beach after in the hotel hamocks?

Ecuador-beach-hamocks

Nope we gotta move on and view Ecuador beach property for sale on this beach.

Ecuador-beach
Super Thinking + Spanish Course

Imbabura Real Estate Tour

On the Imbabura tour we often dine for lunch on this lake.

Gary Scott

Where these Ecuador Lake lots are for sale.

Ecuador-lake-for-sale

Ecuador Shaman Mingo Tour

Ecuador Import Export Course

See discounts for attending more than one course.

Make Better Decisions

We are also pleased to announce that we will host a weekend workshop
conducted by our business intuitive, Susan Stanton Rotman.
Susan-Stanton-Rotman

The course is entitled,  “Escaping the Tryanny of Reason: Intuitive Development for Practical and Business Decision Making”

This seminar will introduce you to working with your own intuition to develop greater insight, creativity, and more informed decision-making and problem solving skills, all important elements for greater success. We will examine intuition in the business context, the use of intuitive process as a complement to rational decision-making, and the integration of intuitive knowing with analytical thought.

Susan will present the basic concepts of intuitive knowing and its development, including how to access your own intuition, and skill building to evaluate, process, trust and apply your information. She will help you explore the experience of intuition and its forms, including exercises to develop sensitivity and to practice using intuition as a navigational tool.

Merri and I have found that escaping the tyranny of reason helps us greatly when faced with questions that cannot be humanly answered.

Merri and I have several weapons in our information processing armory. One of the great assets is Susan, a professional business intuitive.

She consults with businesses and individuals using both her clairvoyance and other psychic abilities combined with her rational skills to help people and businesses with decision making and navigation.  She consults with clients from around the world.

Susan does not really like the word psychic (nor do Merri or I) as a lot of the information she comes up with does not just pop out of the air. She has a strong educational, legal and business background. Susan originally trained as a corporate attorney and mediator.

Susan is a Phi Beta Kappa graduate of Georgetown University, having received a Bachelor of Science in Foreign Service in 1977, cum laude, and graduated from Georgetown University Law Center in 1981.

She practiced corporate law for many years and has extensive experience representing both individual and corporate clients.

She also understands business from the entrepreneurial side—she owned her own retail art-jewelry business and is an expert in pearls.

Susan has a broad background in esoteric and metaphysical studies, spirituality, and personal, business, and family development practices.

This course will be conducted Friday, Saturday and Sunday  August 15, 16 and 17 2008 at our Blue Ridge Farm.  All meals and accommodations ARE included.

We are pleased that Susan will be with us. She will present two days of group instruction and workshop plus will provide individual consultations after the seminar concludes (a consultation is included as part of the course).  Individual consultations may be in person on August 17 or by telephone at a later date.

To enroll click here.