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Americans explore moving abroad amid rising costs and political tensions

B. B. Urness / 2 months ago

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Bryan Charap Chief Financial Officer | realtors.com

Americans dissatisfied with the rising cost of living and political climate in the United States are increasingly seeking alternatives abroad. Steve Corbin, a senior associate and attorney at Harvey Law Group, an immigration law firm, noted a surge in applications around mid-2024, which slowed during the summer months but picked up again following the election results. "We received a rush of applications in the middle of [2024], a sort of slowdown period from July to mid-October as many were traveling in the summer and others wanted to wait to see how things turned out with the election," Corbin said. "Since the results, we’ve seen a flurry of inquiries."

However, moving abroad is not suitable for everyone and requires consideration of various factors including personal adaptability and expectations.

In 2008, Edd and Cynthia Staton faced financial challenges after losing their jobs due to the economic crisis. Edd stated, "No one was buying anything because no one had any money." This prompted them to consider relocating to a place with lower living costs. After evaluating their needs such as climate, healthcare access, and proximity to family on the East Coast, they chose Cuenca, Ecuador.

The couple's experience reflects broader trends among expatriates choosing Ecuador as a destination. The country has been ranked as a top expat location by InterNations’ Expat Insider survey for two consecutive years. Factors contributing to its popularity include affordable living expenses and welcoming locals.

Despite its advantages, there are challenges such as limited international travel options from Cuenca due to the absence of an international airport. Additionally, power outages can occur in certain areas.

Edd highlighted that successful relocation requires thorough research: "We’ve seen so many people move multiple times," he said. Cynthia emphasized preparation: "A scouting trip is not a vacation... Neighborhood matters."

For those considering expatriation, flexibility is crucial according to Cynthia: "If you are stuck in your ways and not very tolerant of change, expat life will not work out for you." Edd advised adjusting expectations: "Here an appointment is more of a suggestion... You’ve got to turn off your North American brain."

Ultimately for some like Edd and Cynthia Staton who embraced change successfully abroad; they found what they call their “little paradise.”

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