There were some comments again suggesting this as a smart strategy for Americans to take advantage of the allegedly lower cost of living in some third world country.
Five years ago, I explained why this is a bad idea. And I wrote that before the real estate crash. The reasons for living in the United States are even more compelling today. You can buy a house in Florida really cheap, a state with no individual income tax. If you want to stay an American citizen, then your taxes are lower in Florida than they’d be in any foreign country. And in Florida you can live near the beach. Although Florida is 15% black, the state is generally less black than that if you say out of Broward county check the NY Times census map before you move , and a large percentage of “Hispanics” living there are Cubans who are more like white Europeans from Spain. There’s a reason for why retiring to Florida is a cliché.