{"id":38865,"date":"2013-08-11T05:13:11","date_gmt":"2013-08-11T09:13:11","guid":{"rendered":"https:\/\/www.escapeartist.com\/?p=38865"},"modified":"2020-08-11T05:24:15","modified_gmt":"2020-08-11T09:24:15","slug":"expatriate-to-ecuador","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/expatriate-to-ecuador\/","title":{"rendered":"Expatriate to Ecuador"},"content":{"rendered":"

Expatriation to Ecuador – An Increasingly Crowded Boat<\/span><\/strong><\/h2>\n

Want to expatriate to Ecuador ?\u00a0 Hop aboard and join the masses !\u00a0 Ecuador, and many other countries, are seeing an influx of Expats, mostly from so-called \u201cFirst World\u201d nations such as the USA, Canada, the UK, Russia and China.\u00a0 Not only are the numbers rapidly increasing, but the demographic model of the \u201ctypical Expat\u201d (haven\u2019t found one yet) is dynamically evolving.\u00a0 While this brief report focuses most heavily on USA expatriation, I can assure readers from around the globe that a look into their own nation\u2019s statistics will likely yield very similar results.<\/p>\n

According to the most recent verifiable data, conducted by Bob Adams and the American Wave SA<\/strong>, the expatriation trend amongst USA citizens tripled from just 2009.\u00a0 American Wave SA was established in 2005, precisely to analyze expatriation trends.\u00a0 Oddly enough, this is generally hard to come by data.\u00a0 Why?\u00a0 Think about it.\u00a0 If you are \u201cCountry X\u201d, you often brag about the number of immigrants entering your country (\u201cBecause….they like me\u201d…they really like me\u201d), but do you want to \u201cbrag\u201d about the folks hitting the exits, especially if those numbers have tripled in only a few, scant years?<\/p>\n

The strong trend to expatriate from the USA can be traced to many factors. As the world truly appears to \u201cget smaller\u201d, it is often easier and cheaper to relocate than at any other time in history. Couple this with the dramatic economic hit taken by the average USA household, especially over the last decade, and it is not too difficult to surmise that many are looking towards Ecuador and elsewhere, for a better quality of life.<\/p>\n

The economic expatriation trend is even more startling when you break down the demographics of the trend.\u00a0 When one thinks \u201cpermanent relocation overseas\u201d, we have almost been conditioned to think \u201cretiree\u201d or \u201csnowbird\u201d.\u00a0 The truth is that retirees are more frequently considering spending their golden years in Ecuador and other more affordable locales across the globe, but the sharpest rise in expatriation has occurred with young adults.\u00a0 In the USA, it is young adults that are most interested in permanently leaving and establishing roots elsewhere.\u00a0 There is little doubt that such a trend can be linked to the weakening USA economy, lack of well-paying jobs and steadily rising \u201creal world\u201d inflation.<\/p>\n

The recent spike in the arrival of the 25-34 demographic group in Ecuador is undeniably strong.\u00a0 In the last 12-16 months, it has been the largest influx of clients that we care for in our real estate business.\u00a0 Many are coming with young families, searching for a better life, perhaps looking to attain a fertile farm to control their fate and generate income for their families.\u00a0 It is a modern-day version of the young pioneering spirit that once swept proud \u201cAmericans\u201d across the USA plains towards California.<\/p>\n

Pausing, for a side note, I have a theory for the sharp drop-off in expatriates in the 18-24 age bracket, the only category seeing lower numbers.\u00a0 While USA unemployment has sky-rocketed, well beyond \u201cofficial\u201d government figures, the numbers are even more staggering for the \u201cyouth unemployment market\u201d. My belief is that many in the 18-24 year old bracket are just as driven to expatriate as the 25-34 year old bracket, but they simply lack the financial resources and wherewithal to make the move.<\/p>\n

The other \u201cconstant myth\u201d that permeates the expatriation discussion is that of defining the financial status of the those likely to relocate.\u00a0 Ironically, it is a debate which rages, almost always anchored by one polarizing belief or another.\u00a0 The arguments presented usually favor either the belief that only the \u201cmega-wealthy\u201d leave in order to avoid \u201cpaying USA taxes, like the rest of us\u201d, or the counterbalancing extreme that only \u201cfinancially ruined malcontents\u201d depart the USA shores.\u00a0 Ironically, both sides are correct…and… also… incorrect.\u00a0 The data suggests a much more complicated snapshot, where the expatriation trend is spiking upwards across almost all financial strata categories.<\/p>\n

If there is any truth whatsoever to the raging, often extremist, debate it is that both<\/i><\/b> the most wealthy and the least financially successful are heading out the door at a more rapid rate than the general populace.\u00a0 In the case of the former, likely due to seeking better opportunities, in the case of the latter, out of necessity.\u00a0 Here is the irony and I say this with extensive empathy and not an ounce of intended cynicism.\u00a0 Who is being left behind, holding the proverbial \u201cbag\u201d once again?\u00a0 Yep, the hardcore USA middle class.\u00a0 The same folks paying a disproportionate percentage of the tax burden, while receiving none of the benefits.<\/p>\n

Their demographic, the $75,000-$100,000 average household income band, is the only major economic band not<\/p>\n

showing an expatriation spike.\u00a0 They are, instead, holding steady.\u00a0 Not getting lower, but not rising either.\u00a0 If my predictions hold true for what I expect over the next 5 years in terms of tax burden, unemployment data, and investment\/pension \u201creform\u201d in the USA, then \u201cKaty bar the door\u201d, because the largest exodus spike will soon be coming to Ecuador and all points global.\u00a0 The USA middle class is in the crosshairs of the economic debacle and it is not bound to get better any time soon.<\/p>\n

Keep in mind that while the percentage figures in the charts may not seem \u201csignificant\u201d at first glance, they represent startling \u201creal world\u201d numbers.\u00a0 For example, just a 2.5% expatriation movement equates to over 3,000,000 USA households, or roughly close to 7,000,000 \u201cAmericans\u201d.\u00a0 The entire existing population of Ecuador stands at just over 14,000,000, for some relative perspective.<\/p>\n

Where we are presently most feeling the impact of those dramatic expatriation numbers, in Ecuador, is in the tightening real estate market.\u00a0 Many of our competitors eschew this data, because it is not \u201cattractive\u201d \u201cor something that can be packaged to generate sales\u201d.\u00a0 My business is selling real estate, not sunshine.\u00a0 The pages of this website will always be used to provide realistic data, not\u00a0 \u201cpuff n\u2019 fluff\u201d. The truth is that in many real estate sub-market categories in Ecuador, the market is witnessing an inventory shortage.\u00a0 The pent up demand is outstripping supply.\u00a0 We have \u201cwaiting lists\u201d numbering in the hundreds for certain types of product in the real estate industry, if built to quality standards.\u00a0 This is before the mass USA \u201cmiddle-class exodus\u201d occurs, which I see a reality in the next 5 years.<\/p>\n

If you are even remotely considering an expatriation option, I invite you to visit Ecuador at your leisure.\u00a0 Discover this country, so steeped in history and rich in biodiversity.\u00a0 It might just make the perfect future home for you.\u00a0 However, to begin your exploration, you have to hop aboard and make waves. Preferably, before the last ship has set sail.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Expatriation to Ecuador – An Increasingly Crowded Boat Want to expatriate to Ecuador ?\u00a0 Hop aboard and join the masses !\u00a0 Ecuador, and many other countries, are seeing an influx of Expats, mostly from so-called \u201cFirst World\u201d nations such as the USA, Canada, the UK, Russia and China.\u00a0 Not only are the numbers rapidly increasing, […]<\/p>\n","protected":false},"author":308,"featured_media":38741,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","om_disable_all_campaigns":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false},"categories":[3],"tags":[],"yst_prominent_words":[32263,32259,3380,7731,1882,32262,32261,16332,18816,19547,32266,1878,31948,28622,32221,12773,32265,32260,32264,19505],"acf":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.escapeartist.com\/wp-content\/uploads\/2020\/08\/Should-I-Retire-In-Ecuador.jpg","_links":{"self":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts\/38865"}],"collection":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/users\/308"}],"replies":[{"embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/comments?post=38865"}],"version-history":[{"count":1,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts\/38865\/revisions"}],"predecessor-version":[{"id":38885,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts\/38865\/revisions\/38885"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/media\/38741"}],"wp:attachment":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/media?parent=38865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/categories?post=38865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/tags?post=38865"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/yst_prominent_words?post=38865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}