Comments on: Nearly half of Costa Ricans believe home ownership out of reach https://insidecostarica.com/2013/08/26/nearly-half-of-costa-ricans-believe-home-ownership-out-of-reach/ Costa Rica's Leading English Language News Source Tue, 28 Oct 2025 04:55:00 +0000 hourly 1 http://wordpress.org/?v=3.6.2 By: crbobhttps://insidecostarica.com/2013/08/26/nearly-half-of-costa-ricans-believe-home-ownership-out-of-reach/#comment-5211 crbob Tue, 27 Aug 2013 11:26:00 +0000 http://insidecostarica.com/?p=10375#comment-5211 The problem in Costa Rica is that everyone has a credit card with interest ranging from 25% to 50%, they spend until they receive their end of year bonus, pay it off and start over again, they will never get out of the hole they are in and the government will not bring the interest down to a reasonable rate…….

]]> By: turbooperatorhttps://insidecostarica.com/2013/08/26/nearly-half-of-costa-ricans-believe-home-ownership-out-of-reach/#comment-5208 turbooperator Mon, 26 Aug 2013 18:44:00 +0000 http://insidecostarica.com/?p=10375#comment-5208 OK that’s only one link, and not your typical CR bank (Columbia maybe) and they just quoted me 12.1% . Care to try again?

]]> By: michaelwinkhttps://insidecostarica.com/2013/08/26/nearly-half-of-costa-ricans-believe-home-ownership-out-of-reach/#comment-5206 michaelwink Mon, 26 Aug 2013 18:11:00 +0000 http://insidecostarica.com/?p=10375#comment-5206 http://www.davivienda.cr/personas/hipotecas_p.asp

]]> By: turbooperatorhttps://insidecostarica.com/2013/08/26/nearly-half-of-costa-ricans-believe-home-ownership-out-of-reach/#comment-5204 turbooperator Mon, 26 Aug 2013 17:25:00 +0000 http://insidecostarica.com/?p=10375#comment-5204 No mix up, let’s cut to the chase here ,please just provide two links to ‘typical’ banks in Costa Rica that offer a 6.5% mortgage rate in colones to Ticos (or in dollars for that matter, the rate will be the same)

]]> By: michaelwinkhttps://insidecostarica.com/2013/08/26/nearly-half-of-costa-ricans-believe-home-ownership-out-of-reach/#comment-5203 michaelwink Mon, 26 Aug 2013 16:33:00 +0000 http://insidecostarica.com/?p=10375#comment-5203 Don’t mix up the colony saving rate (9 – 11%), vs the USD savings rate (~3%) Nearly all mortgages over 50,000 USD are in USD.

]]> By: turbooperatorhttps://insidecostarica.com/2013/08/26/nearly-half-of-costa-ricans-believe-home-ownership-out-of-reach/#comment-5202 turbooperator Mon, 26 Aug 2013 16:27:00 +0000 http://insidecostarica.com/?p=10375#comment-5202 30%, maybe for a credit card.
6.5-8.0%, maybe 6.5% + TBP
I really don’t think a bank would offer a loan rate at less than they pay for savings,

]]> By: Chris Holthttps://insidecostarica.com/2013/08/26/nearly-half-of-costa-ricans-believe-home-ownership-out-of-reach/#comment-5200 Chris Holt Mon, 26 Aug 2013 15:26:00 +0000 http://insidecostarica.com/?p=10375#comment-5200 As high as prices are it is difficult for one to buy a home but when you are to lazy to show up for work every day it does become really hard. 30% what a joke. Life is tough but it is even tougher when you are stupid.

]]> By: michaelwinkhttps://insidecostarica.com/2013/08/26/nearly-half-of-costa-ricans-believe-home-ownership-out-of-reach/#comment-5201 michaelwink Mon, 26 Aug 2013 15:26:00 +0000 http://insidecostarica.com/?p=10375#comment-5201 Typical mortgages around 6.5 to 8.0% fix for the life of the mortgage, that can be found with any of the private or public banks in CR. (some will even go as low as 5.5% if you have a preexisting relationship) They offer anywhere from 5 to 30 year terms, and fairly flexible repayment early options.
Not sure why you’d opt to simply make up complete nonsense. Perhaps you are part of the people that have the “perception” home ownership is out of your reach, as you don’t know the facts or anything close to the facts.

]]> By: disgustedhttps://insidecostarica.com/2013/08/26/nearly-half-of-costa-ricans-believe-home-ownership-out-of-reach/#comment-5199 disgusted Mon, 26 Aug 2013 15:11:00 +0000 http://insidecostarica.com/?p=10375#comment-5199 That is the old saying “‘He came with TWO million left with ONE million”.

]]> By: disgustedhttps://insidecostarica.com/2013/08/26/nearly-half-of-costa-ricans-believe-home-ownership-out-of-reach/#comment-5198 disgusted Mon, 26 Aug 2013 14:58:00 +0000 http://insidecostarica.com/?p=10375#comment-5198 Mortgages at 30% and more is a real deal breaker and the ARM as the interest can increase no fix payments.

In the 1970′s I heard CR had the highest home ownership of any Central American country. In the later 1980 and early 1990′s they stared to sell their homes and then could not find a house they could afford anymore after they spent most the so called windfall. When I lived in Liberia in 1993 I heard many farmers telling me this sad story.

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