Sunday, November 8, 2009

Costa Rica Real Estate

The world financial crisis has hit Costa Rica like a kick in the junk. Every project that has spent years building and developing has pretty much closed its door in 2009. It's such a shame that this beautiful country has suffered so greatly. I realize that the whole world has suffered, too but it's been such a stammering set back for Costa Rica. A small nation globally recognized for its efforts in conservation has completely lost its momentum going into 2010. This sudden boom of the past 5 yrs has done very little to really help the country and instead has created a few, elite, newly wealthy Costa Ricans (and foreigners to boot) and has completely destroyed the sense of balance in the goods and services in this country. The tourist dollar has fallen considerable and all the outlining factors that before justified the increase in the basic goods (rice, beans, eggs, milk, oil, etc) have since disappeared and with it, has left the bad taste of inflation over the land. The general wealth of Costa Rica has certainly been on the rise in the last few decades but now the blunder will set in. The few, highly educated Ticos will do very well to adjust to the ever shifting economy of this country but I fear most for the simple, agricultural populations and skilled workers. Those are the people who are spending more and more per week on the basic necessities but find themselves without work or without the proper profits to sustain their current production levels. I don't really know the solution for the problems Costa Rica is bound to have over the next few years but for sure the government isn't going to be a big help. You're only as good as your last sale...And what have you done for us lately, Mr. Arias??

No comments:

Post a Comment