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Americans are retiring to Vietnam

latimes.com

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Re: Americans are retiring to Vietnam

#11

Post by codr7 »

gunnihinn wrote: post #3

Turns out the Vietnam war was a savvy retirement plan setup: clear out some space, return to the US to bask in the most generous ROI in history for 30+ years, return to that patch of land that’s conveniently clear now. At least the conquistadors had to live there in the interim years.

More like a savvy deep state drug trafficking plan. But yes, bombing the crap out of other countries does make it easier to walk in and take what you want. And you get to sell more bombs, which is also great for the economy.

Re: Americans are retiring to Vietnam

#12

Post by chrisseaton »

pcurve wrote: post #7

"They bought the four-bedroom, 3½-bathroom unit, measuring about 1,840 square feet along with a separate veranda, for about $250,000 in 2011." I'm sure it's a very nice place, but that sum is nothing to sneeze at. I wonder how much it costs now, and what is monthly expense is. Good thing is, American government has sensible reciprocal arrangement with many countries that offer national pension system that you don't n…

> for about $250,000 in 2011

I can't tell if the LA Times are thinking this sounds cheap or not?

Re: Americans are retiring to Vietnam

#14

Post by Moodles »

thaumasiotes wrote: post #8

> Historically, the Philippines, Thailand and Malaysia were more common destinations for American retirees. But a higher cost of living, especially in coastal areas like California and New York, has pushed many farther afield. Why would a higher cost of living within the US push expats out of Malaysia into Vietnam?

I would guess they save less so have to retire to cheaper places.

Re: Americans are retiring to Vietnam

#15

Post by starpilot »

pcurve wrote: post #7

"They bought the four-bedroom, 3½-bathroom unit, measuring about 1,840 square feet along with a separate veranda, for about $250,000 in 2011." I'm sure it's a very nice place, but that sum is nothing to sneeze at. I wonder how much it costs now, and what is monthly expense is. Good thing is, American government has sensible reciprocal arrangement with many countries that offer national pension system that you don't n…

Yeah that price is similar for places you can find in the rural midwest US.

Re: Americans are retiring to Vietnam

#16

Post by MaupitiBlue »

starpilot wrote: post #15
pcurve wrote: post #7

"They bought the four-bedroom, 3½-bathroom unit, measuring about 1,840 square feet along with a separate veranda, for about $250,000 in 2011." I'm sure it's a very nice place, but that sum is nothing to sneeze at. I wonder how much it costs now, and what is monthly expense is. Good thing is, American government has sensible reciprocal arrangement with many countries that offer national pension system that you don't n…

Yeah that price is similar for places you can find in the rural midwest US.

Suburban / Ungentrified urban Midwest

Re: Americans are retiring to Vietnam

#17

Post by campee »

pcurve wrote: post #7

"They bought the four-bedroom, 3½-bathroom unit, measuring about 1,840 square feet along with a separate veranda, for about $250,000 in 2011." I'm sure it's a very nice place, but that sum is nothing to sneeze at. I wonder how much it costs now, and what is monthly expense is. Good thing is, American government has sensible reciprocal arrangement with many countries that offer national pension system that you don't n…

I think I'd rather live in a small town in Iowa than Vietnam for that price.

Re: Americans are retiring to Vietnam

#18

Post by bobthepanda »

starpilot wrote: post #15
pcurve wrote: post #7

"They bought the four-bedroom, 3½-bathroom unit, measuring about 1,840 square feet along with a separate veranda, for about $250,000 in 2011." I'm sure it's a very nice place, but that sum is nothing to sneeze at. I wonder how much it costs now, and what is monthly expense is. Good thing is, American government has sensible reciprocal arrangement with many countries that offer national pension system that you don't n…

Yeah that price is similar for places you can find in the rural midwest US.

The rest of the COL is pretty cheap as well:

> The children were born via caesarean section; the procedure, including a four-day hospital stay, cost about $1,200, far less than it would have in the United States.

> Monthly expenses here rarely exceed $2,000, even to live in a large unit like Rockhold’s, including the help of a cook and a cleaner.

Getting staff for that price in the US is next to impossible.

Re: Americans are retiring to Vietnam

#19

Post by i_am_proteus »

thaumasiotes wrote: post #8

> Historically, the Philippines, Thailand and Malaysia were more common destinations for American retirees. But a higher cost of living, especially in coastal areas like California and New York, has pushed many farther afield. Why would a higher cost of living within the US push expats out of Malaysia into Vietnam?

Increased demand for properties outside of the US as more people decide to retire abroad.

Re: Americans are retiring to Vietnam

#20

Post by riffic »

starpilot wrote: post #6

Is there a clever acronym for best low cost countries for Americans' retirement? I think MVP = Mexico Vietnam Panama might work, but are there others?

Can you not further overload an abbreviation that already has multiple meanings? It's anything but clever.
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