Panama is Pathetic Place to Retire (Or Live for that Matter)

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The Truth About Panama

Bella Vista, Panama

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#1
Oct 4, 2009
 

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After reading some of this garbage on the Internet and some of these sites about retiring in Panama, I just had to give some people some real information about this country. The first time I lived in Panama was 25 years ago...

1. You'll find a lot of Americans here in Panama, especially in the "Interior" like Chiriqui, but they are not, for the most part, Americans the average person would want to associate with. They couldn't afford to retire in a real place, so they came here... So you know the socio-economic status of these "immigrants"...

2. If you are coming to Panama to escape economic, or other problems in the U.S.A. let me give you a little advice as someone with a degree in economics. This is a DOLLAR-BASED economy and it is almost 90 percent SERVICE SECTOR. To make a long story short, a collapse in the US economy/dollar would impact this country more severely than in the USA. If you think you would fare better here, right now this country can't produce enough to feed itself and you'd have two million people in Panama City two or three days walk to any point in the country, so if you think you'll have that little finca (farm) in the hills and escape, forget it.

3. I read about immigration to Panama on the Internet and I can get a visa easily and then get a Panamanian passport. Both of those are just pure B.S. and if you do some real research you'll find that many of these sites are connected to real estate companies or law firms with everything to gain by conning you.

4. Crime is everywhere here and expats make easy targets. Many wind up dead. Many years ago it was only property crime, now it is frequent violent crime. No matter how bad you think it is where you live in the USA, I assure you it is worse here.

5. This is a filthy country. If you enjoy roadsides, beaches and rivers/streams with trash everywhere, than be my guest. If you want to live in Panama City, watch out for the raw sewage that bubbles from the ground.

6. The girls here love Americans... Perhaps it is better stated that Panamanian women love to USE AMERICANS. Years ago things were different, but now the women here see Americans and Europeans as "meal tickets" out of there situations. If you want to use or be used by women, I would recommend that you visit a prostitute.

7. I hate Obama and Socialism so I'm going to run to Panama. I can't think of a single administration in Panama that is not ten times worse than anything the USA has ever had. There is "price fixing" of most goods here, exclusive distribution rights, and within this country there is no such thing as "free trade."

8. Well Panama City looks so modern and beautiful... Look at Panama City at night. Most of the buildings have no lights on. The fact is, Panama and Panama City are built on financial crimes. Take that away and this place implodes overnight...
Dumbfounded

Bella Vista, Panama

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#2
Oct 8, 2009
 

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I would add that the banks in Panama have NO FDIC so if they close you are SOL.

The other point I would make is that you can't believe anything you read or hear down here. The Panama Canal company is reporting only mild drops in canal transits, while ports all over the world are reporting drops of 50 to 70 percent.

The big question is what is in these "ships" and where are they going?
The Truth About Panam

Bella Vista, Panama

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#3
Oct 13, 2009
 

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If you think I'm not telling the truth do a few Google "Image" searches for the following:

Panama garbage

Panama basura

Panama trash

Panama filth

Welcome to Panama. I should also tell everyone that the cost of living does not really include the government corruption factor and the fact that you need a lawyer to do everything here like blow your nose.

Also, if you buy a home and then you find out this is a dump, guess who pays the takes and fees to SELL the home. The SELLER.

So it's best to rent until you find out this is the place for you. And if it is you must be from a place I've never seen in the U.S.A.!
100 Percent Right

Aguascalientes, Mexico

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#4
Oct 16, 2009
 

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Hammer meet head! Nailed this one one. I lived in Panama for 7 years and have never watned to go back. It is dirty, rude people, costly, and the corruption is unprecedented.
Ripped Off at Romero

Panama

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#5
Oct 17, 2009
 

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100 Percent Right wrote:
Hammer meet head! Nailed this one one. I lived in Panama for 7 years and have never watned to go back. It is dirty, rude people, costly, and the corruption is unprecedented.
I agree with all of this. I was looking at Panama as a place to retire too and the people are mostly rude, the women look and act like whores, it is dirty beyond what you could imagine, the stores rip you off and there is no recourse available to you.

Then there is the out of control crime. Where I was thinking of moving in the province of Chiriqui they have all shapes and sizes of weird foreigners because they have a crazy law that allows people to come back after being in Costa Rica only three days as someone said before. So if you are a criminal or felon with a passport come to Panama the country welcomes you.

If you really want to see some awful stuff go to the Google and search Panama plus ejecutados or cadáveres and the like in Spanish.

Me Too

Panama

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#6
Oct 21, 2009
 

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It is really sad here in Panama. We are leaving. We live in Panama City and it is noisy and there is sewer water on the streets and poop toilet paper. If you come here to even visit you need to make sure you have all of your shots.

My wife and I are both happy to be leaving here. If you have kids that are in school, forget this place.
Ed P

Panama

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#7
Nov 3, 2009
 

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This is BS, Panama is a great place to live. I've been coming and going for over 2 years, and it definitely feels like a great place for an American. First of, there is no anti-american attitudes, we don't have to exchange to a weird currency, and we can find almost everything we find in a mid-size US city. Plus, travel time to the east coast is between 3 to 5 hours, almost as good as moving from the east coast to the west coast. Just because you had a bad experience doesn't mean the country sucks. I have been in contact with multiple retirees, and they all say it is the best decision they've make.
Regarding the economic turmoil, Panama's economy is in good shape compared to every country in Latin America, and doing much better than Europe.
somebody who will move-

United States

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#8
Nov 5, 2009
 

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Hey that is really B.S.
I have contact to many retirees there and everybody loves this country.
And I will move there soon.
And look around in the US, crime everywhere and its getting worse, people loosing their jobs and..and..and..
And why should a person not live in a country where they get more for their dollar.
So I guess - the truth about panama is - you dont like Latinos.
I love them.
Hal at Book Mark

Panama

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#9
Nov 5, 2009
 

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I came here 17 years ago, after trying Mexico and Costa Rica. Here in Chiriqui we have clean water, clean neighbors, and clean streets. Life is good here, and the air is pure...stay wherever you are, if you find Panama beneath your standards...I hate freaking snobs anyhow
God Bless Panama

Pueblo Nuevo, Panama

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#10
Nov 7, 2009
 

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The Truth About Panama wrote:
After reading some of this garbage on the Internet and some of these sites about retiring in Panama, I just had to give some people some real information about this country. The first time I lived in Panama was 25 years ago...
1. You'll find a lot of Americans here in Panama, especially in the "Interior" like Chiriqui, but they are not, for the most part, Americans the average person would want to associate with. They couldn't afford to retire in a real place, so they came here... So you know the socio-economic status of these "immigrants"...
2. If you are coming to Panama to escape economic, or other problems in the U.S.A. let me give you a little advice as someone with a degree in economics. This is a DOLLAR-BASED economy and it is almost 90 percent SERVICE SECTOR. To make a long story short, a collapse in the US economy/dollar would impact this country more severely than in the USA. If you think you would fare better here, right now this country can't produce enough to feed itself and you'd have two million people in Panama City two or three days walk to any point in the country, so if you think you'll have that little finca (farm) in the hills and escape, forget it.
3. I read about immigration to Panama on the Internet and I can get a visa easily and then get a Panamanian passport. Both of those are just pure B.S. and if you do some real research you'll find that many of these sites are connected to real estate companies or law firms with everything to gain by conning you.
4. Crime is everywhere here and expats make easy targets. Many wind up dead. Many years ago it was only property crime, now it is frequent violent crime. No matter how bad you think it is where you live in the USA, I assure you it is worse here.
5. This is a filthy country. If you enjoy roadsides, beaches and rivers/streams with trash everywhere, than be my guest. If you want to live in Panama City, watch out for the raw sewage that bubbles from the ground.
6. The girls here love Americans... Perhaps it is better stated that Panamanian women love to USE AMERICANS. Years ago things were different, but now the women here see Americans and Europeans as "meal tickets" out of there situations. If you want to use or be used by women, I would recommend that you visit a prostitute.
7. I hate Obama and Socialism so I'm going to run to Panama. I can't think of a single administration in Panama that is not ten times worse than anything the USA has ever had. There is "price fixing" of most goods here, exclusive distribution rights, and within this country there is no such thing as "free trade."
8. Well Panama City looks so modern and beautiful... Look at Panama City at night. Most of the buildings have no lights on. The fact is, Panama and Panama City are built on financial crimes. Take that away and this place implodes overnight...
Yes I am a known card carrying Capitalist, repeat Capitalist - Some people like you see a glass with liquid in it & say it is half empty when I think it is half full - I am a Viet Nam War area veteran & citizen of the USA currently living in Panama because I truly believe that Panama is THE place to be. I think you may be located in or near the Bella Vista area of PTY - I currently live - not too far away - about a block from the new and wonderful Cinta Costera - I would be more than happy to meet you in person - I'll even buy you a cup of terrific Panamanian cafe & help you go about returning to the corect path when it comes to Panama - send and email to RNWM@msn.com & I will give you my Panama cell phone number - Thank you & I look forward to hearing from you soon. Mi nombre esta Richard - Gringo!
OMG

Volcán, Panama

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#11
Nov 8, 2009
 

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You must be either a lawyer or a real estate developer! I'll tell you what BS is amigo.

Violent crime in Panama is through the roof. Just last week an American was shot at a beach resort in a botched robbery.

Take a look at the US State Department report on Nicaragua, then do a search on the number of murders and serious injuries because of crime per 100,000 people in the United Nations report. Well, Panama is about twice as bad.

I guess if you live in a dump all your life you have nothing to compare it to, but it is a dump.

So tell us know, which is it? Real estate or "legal services"?
Ed P wrote:
This is BS, Panama is a great place to live. I've been coming and going for over 2 years, and it definitely feels like a great place for an American. First of, there is no anti-american attitudes, we don't have to exchange to a weird currency, and we can find almost everything we find in a mid-size US city. Plus, travel time to the east coast is between 3 to 5 hours, almost as good as moving from the east coast to the west coast. Just because you had a bad experience doesn't mean the country sucks. I have been in contact with multiple retirees, and they all say it is the best decision they've make.
Regarding the economic turmoil, Panama's economy is in good shape compared to every country in Latin America, and doing much better than Europe.
OMG

Volcán, Panama

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#12
Nov 8, 2009
 

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I hope you enjoy the Maras or violent street gangs that are taking over Chiriqui! Ya. They've got them all, M18 MS13, but if you don't watch the local news or read the local paper you would miss it, until they stuff you in the back of a car and end up dead in the "fronteria."
Hal at Book Mark wrote:
I came here 17 years ago, after trying Mexico and Costa Rica. Here in Chiriqui we have clean water, clean neighbors, and clean streets. Life is good here, and the air is pure...stay wherever you are, if you find Panama beneath your standards...I hate freaking snobs anyhow
OMG

Volcán, Panama

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#13
Nov 8, 2009
 

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Forgot to add EdP:

I was watching the news the other night and the Prosecutor for the Government of Panama was giving an interview and in the back, on his wall he had several nicely framed photos of none other than the the best friend of the United States, Ernesto "Che" Guevara.

Ya! They are really "friendly to Americans" as long as they are taking the money out of your pocket.
Ed P wrote:
This is BS, Panama is a great place to live. I've been coming and going for over 2 years, and it definitely feels like a great place for an American. First of, there is no anti-american attitudes, we don't have to exchange to a weird currency, and we can find almost everything we find in a mid-size US city. Plus, travel time to the east coast is between 3 to 5 hours, almost as good as moving from the east coast to the west coast. Just because you had a bad experience doesn't mean the country sucks. I have been in contact with multiple retirees, and they all say it is the best decision they've make.
Regarding the economic turmoil, Panama's economy is in good shape compared to every country in Latin America, and doing much better than Europe.
OMG

Volcán, Panama

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#14
Nov 8, 2009
 

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I can see your point. How was the bar row in Subic Bay? Did they close it after we left?

As someone said, do a search on the news in English and Spanish about crime in Panama and also take a look at the fees (add for corruption) and don't forget the government of Panama requires you to have a lawyer for everything, even to blow your nose in a government office.

If you loved attorneys in the United States, you'll love Panama.
God Bless Panama wrote:
<quoted text> Yes I am a known card carrying Capitalist, repeat Capitalist - Some people like you see a glass with liquid in it & say it is half empty when I think it is half full - I am a Viet Nam War area veteran & citizen of the USA currently living in Panama because I truly believe that Panama is THE place to be. I think you may be located in or near the Bella Vista area of PTY - I currently live - not too far away - about a block from the new and wonderful Cinta Costera - I would be more than happy to meet you in person - I'll even buy you a cup of terrific Panamanian cafe & help you go about returning to the corect path when it comes to Panama - send and email to RNWM@msn.com & I will give you my Panama cell phone number - Thank you & I look forward to hearing from you soon. Mi nombre esta Richard - Gringo!
Pana

Colón, Panama

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#15
Dec 22, 2009
 
If you are looking to retire someplace else than the place you live, It must be a real dump. Please
Micaela

Pueblo Nuevo, Panama

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#16
Dec 26, 2009
 

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This is one of the most inaccurate posts I've ever read about Panama. Yes, Panama is a developing country with its share of problems such as trash and dirty water running into the bay. However many of these problems are being worked on and resolved. Of all the countries in Latin American, Panama is one of the few that can claim that you can drink the water in most places! Whoever describes Panama as a dirty awful place has obviously never been into the millions of acres of protected rainforest. Panama is one of the only places in the world where within an hour of arriving one can be surrounded by the beauty of endless forest known as the Panama Canal Watershed. People who come with the expectations that Panama is the new Miami, yes, you are sadly disappointed. But Panama is so much more than beaches and strip malls. Please GO BACK where you came from. We don't want you here if you don't love it here!
Oh Really

Panama

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#17
Jan 4, 2010
 

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Your new president wanted to make Panama into the "New Dubai." Isn't that right? What Emirate will bail Panama out when it fails? Or would that be the World Bank, IMF, etc?

Sewers are backed-up and it flows onto city streets, you can't drink the water, people are rude (but they sure want you $$$$), and the forest and all this "eco-tourism" they try to push. Trash and garbage is everywhere to be found.

Big industry here is bottled water, why? Can't drink the water.

People in Chiriqui throw bags of trash off the sides of the road and one of their favorite things to do is dump it into streams or rivers. Then go to the beach where it all washes into the sea and there are plastic bags, plastic bottles, diapers, Styrofoam cups, you name it everywhere.

Don't give me this stuff that Panama is even slightly environmentally good place to be.

Panama City, the Miami of Latin America? Thanks! I needed a good laugh!

She's correct. Don't like to live in filth, stay away or go home. That's all you have to do is go to a bulletin board anywhere in Panama and see all the cars and homes for sale that say, "For Sale: Moving Out of Panama." Take your US$$$$$ with you!

Basta!

P.S.: Where Micaela lives, most of it is considered a "Zona Rojo," where, if you are smart, you'll stay away from due to crime, drugs, murders, on and on.
Micaela wrote:
This is one of the most inaccurate posts I've ever read about Panama. Yes, Panama is a developing country with its share of problems such as trash and dirty water running into the bay. However many of these problems are being worked on and resolved. Of all the countries in Latin American, Panama is one of the few that can claim that you can drink the water in most places! Whoever describes Panama as a dirty awful place has obviously never been into the millions of acres of protected rainforest. Panama is one of the only places in the world where within an hour of arriving one can be surrounded by the beauty of endless forest known as the Panama Canal Watershed. People who come with the expectations that Panama is the new Miami, yes, you are sadly disappointed. But Panama is so much more than beaches and strip malls. Please GO BACK where you came from. We don't want you here if you don't love it here!
It Sucks Here

Panama

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#18
Jan 11, 2010
 

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If you want to retire or live in Panama, get used to the sweet smell of raw sewage running in the streets. It is a very special smell, but you'll get used to it. Along with every disease you can imagine.

But remember! Medical care is cheap. You'll be using it often.
Your a clown

Troy, NY

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#19
Jan 14, 2010
 

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your a f***ing clown. Panama is a great place to live. Their is crime everywhere in the world. Someone gets shot in an attempted robbery and you say the violence is through the roof. How many times in a single day does this happen in the US. Don't bash it because you had a bad experience.
panameno

Pueblo Nuevo, Panama

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#20
Jan 15, 2010
 

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chuletaaa orgullo panameno.. somos una potencia mundial todo el mundo quiere vivir aqui que plomo con estos extranjeros no los necesitamos.. ayala la visa que plomo .. pestilencia panama es el pais donde mejor y mas rapido te atienden... fuera los venezolanos de pty abajo abajo

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