Re: is buying a nicaraguan island stupid?
nicaragua was one of the nicer countries we drove through on our trip to guatemala and panama to visit friends in the peace corps, but we barely had a map when we were driving there, much less knowledge about anything.
I do know that real estate laws change significantly per country, and one of the reasons why a lot of latin american countries stay more third world is supposedly because of their lack of real estate ownership. A lot of the rural villages actually rest on government property in a sort of legal limbo, and no real private property ownership exists.
That's not to say the government will suddenly crack down on the squatters, but there's no real protection for you if you decide to just drive down there to the jungle somewhere, get somebody to bulldoze a road for you out in the boonies and build a mansion with a bunch of hot latin women who want your filthy terrorist body for your money.
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