Buy property where the dollar's still strong

Buy property where the dollar’s still strong

Today's Financial News - Posted September 4, 2008

"Like the nearby Quechua indigenous town of Otavalo just 20 minutes south, Cotacachi is an artisan town. Here, the claim to fame is leather goods. I’d hazard a guess, though, that Cotacachi will soon also be known for its growing expat community." — Suzan Haskins

by Suzan Haskins

Baltimore — (TFN): While the dollar is in the dumps at home, I’ve found a place where it’s on top of the world…both literally and figuratively.

I recently wrote you about my impressions of Cotacachi, Ecuador, and what a carefree, low-cost life expats have there.

Cotacachi is prettily perched at about 7,825 feet above sea level in the Andes Mountains of northern Ecuador. Being here is like being on top of the world…and with temperate spring-like weather year round.

Like the nearby Quechua indigenous town of Otavalo just 20 minutes south, Cotacachi is an artisan town. Here, the claim to fame is leather goods. I’d hazard a guess, though, that Cotacachi will soon also be known for its growing expat community. Read on to learn more.

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