Go South, Way South
A few savvy expats began moving to Uruguay in the 1980s and even earlier. Since then its neighbors, Argentina and Brazil have attracted bargain hunters, but bargains in those two countries are getting harder, though not impossible, to find as their currencies have become stronger.
Uruguay is less famous for dance steps and music than its neighbors, to be sure. However, it has a fairly uncomplicated program for expat residents. Also, it has beautiful beaches. Punta del Este has attracted such folks as designer Ralph Lauren and model Naomi Campbell, among others. Ocean-view houses can be purchased for as low as $200,000 and a four-bedroom house a few blocks from the beach might go for just $160,000.
For a more cosmopolitan lifestyle, there’s the capital, Montevideo, with colonial charm, art galleries and an opera house. Properties in the historic old city are going for as little as $50,000 and modern condos are available for even less.
The disadvantage? It’s a long way and an expensive trip even from Miami. And your friends will say, “You’re moving where?”