Cost of Living in Medellin (2019 Update)

[@user-ec2kd8sz3t]

I have a six bedroom penthouse, a maid, a driver and a full time chef.... but "I'm a super simple guy"

[@WanderingTrader]

Hahahaha yep. That's why I live in Colombia to be able to afford it

[@edgarjimenez5644]

Amazing video, straight and to the point. Thanks Marcello, great recommendations!!!

[@bigrexj4078]

I truly and sincerely appreciate you laying all of this out for those of us who dream to live this life someday. Though I'm not investor or well-off guy like you, I am very well traveled and look to travel a lot more. I'll be coming to Colombia for my very first time in a few weeks, and I'll be staying in Laureles, but looking to explore a bit and possibly look into setting up something for me to live abroad for maybe 6 months out of the year. You're a bit younger than I am, but I am subscribing and will pay attention to your videos. I want to learn!!! Teach me..

[@jeanmaestre6926]

Bro love your channel keep the good info rolling. Thank you!

[@AdilMaf]

I remember when you dropped the video about the Penthouse renovations back in 2013 or 2014 I can't remember. Your videos were a great motivation to move to Brazil where I'm living right now haha. I'm coming to Colombia for the first time in July to stay 2 months

[@WanderingTrader]

Let me know swing by I think you'll live it

[@jimjerry1525]

In that case you have gotta a new subscriber,,,great presentation brother,,,and great content 💯🙏🙏👍🏼👍🏼 be blessed homie.

[@Robertsdogs]

this is very informative. I'm actually thinking about relocating to Colombia. I know people in Medellin and Bucaramanga, and Colombians are so friendly, it's so easy to establish a social network there quickly. I've even looked at some of the quieter towns such as La Ceja or El Retiro. but, they may be too quiet!

[@henrymann8122]

New sub, Marchello. Great information.....very helpful! Thanks!

[@thereverend5450]

I love this kind of footage.

[@dyno_mite]

By the way I subscribed. I also appreciate the the explanations you give on your video's they're pretty much what one needs to know.

[@abergune]

Nice and informative video; I have been to Medellin twice and to Colombia about 15 times during the last 20 years (my wife is Colombian)...all the information seems very sensible and the cost of living in Colombia is indeed far lower than the US or Western Europe. Also, the cost of food is far lower than in the US or Western Europe, but in my experience it is not 100 - 200 USD a month if you want to eat well and go out every now and then, even if you stick to moderately priced restaurants with good local food...in any case, Marcello gives you a lot of good information here...Crepes & Waffles is great(!), and don't be mistaken by the name; it's a wonderful for lunch or dinner, and not just sweet foods (those are amazing, too, though).

[@WanderingTrader]

The dollar just hit 4000 in Colombia great time to invest there

[@richevans3643]

You said foreigner s can't get financed, so we should get our financing in the states or just cash deals?

[@ronnistar44]

Hi Marcello~ can you give an update on your coffee farm hotel? I would love to come check it out when it’s finished... it looks beautiful. I am currently looking for a finca to build a business. I am from New York~ where do I even begin? I don’t know anyone. Thanks!

[@WanderingTrader]

On hold right now because it doesn't seem like tourism is coming back any time soon

[@onweivory1914]

Marcello, that is beyond cheap for all that in Colombia. Simply put the cost of living is great. Thanks for the insight, this gives me a lot to consider as I get closer to retirement. #AskMarcello - Like a good business card I will remember.

[@user-sh2mk8ew4c]

So glad you talked about getting sued. So before I hire anyone I need to visit an attorney. Thanks for the numbers.

[@WanderingTrader]

It's not that big of a deal to be honest. It's like a audience not really a lawyer situation

[@user-sh2mk8ew4c]

@@WanderingTrader Yeah I have since learned I need a what we call in USA - “Notary”.

[@1mrdnewman]

Awesome man. Make sure you stay away from those BUST-DOWNS Marcello!

[@Cookies205]

Appreciate the info! Would be interested in hearing if there are any special considerations to take into account when buying property in Colombia as a foreigner

[@WanderingTrader]

Will do that video next for you

[@rodsapyta7059]

Dude, great video, One day, I mite just make it down there.

[@elvisurbina4768]

Nice review, I love it !

[@donpeterkin6844]

What about renting a 3 or 4 bedroom in the 050032 Neighborhood? Is that a good area?

[@WanderingTrader]

That area has a big range. Some decent neighborhood but some ghettos to. Stay close to the floresta metro station will be better around there

[@MANZANOADRIAN]

what about the norte. prado

[@user-sh2mk8ew4c]

Man I wished I could email you. Get your thoughts on what the current situation as it relates to investing in Colombia.

[@WanderingTrader]

I think there are still some good deals to be had but definitely not the same as before

[@johnnyquintero3124]

Very interesting, you’re actually living as a rich with the money poor people live in US.

[@WanderingTrader]

That's the idea

[@DJAvera]

Great video!!!

[@jimmyfloyd2028]

Great video. Thanks for sharing.

[@calgary1231]

Great video

[@allright8504]

2.500 US. The price of a modest 300 sq ft studio in Brookling. I like your videos.

[@keepdreaming227]

150 Countries ... there are 196 countries in the world some are small and insignificant hard to believe you been to 150... but I like this guy!

[@fearlesswarrior2754]

thanks

[@jorgeromero4338]

Best city of Colombia.

[@allanarango1047]

can you finance a house or put a good down payment to get a house over there

[@WanderingTrader]

Financing is almost impossible for a foreigner unless you have owner finance the project

[@myles26]

Im in Laureles now... where can you get a steak and drinks for under $10 USD/person??? You got all the secrets!

[@WanderingTrader]

La pampa it's near the round about around the first park (so good)

[@user-sh2mk8ew4c]

I want the best restaurant in all of Medellin.

[@dragonkus]

Awesome video thank you

[@foursite]

You need to create a company that help people settle in that country. You have the personality to do it. Thanks a bunch from Texas. Hint : create a video on immigration process for Americans.

[@WanderingTrader]

Immigration for going to Colombia you mean?

[@forbiddencryptopodcast1026]

Thanks bud, living the dream. How much do groceries for the chef cost you? Also, how did you hire your maid and chef? Note that I don't speak Spanish. Thanks

[@ronjames-music]

Excellent video! All the best with your new hotel on a coffee plantation. I've been to Colombia several times but just Medellin and Bogota. Next time I might try Santa Marta or Cartegena. How long do they allow foreigners to stay without citizenship? Are you now a Colombian citizen? If not, how are you allowed to stay there for so long?

[@WanderingTrader]

3 months with an extensions to 6 months. No more than 6 months in a calender year

[@OG-nr1dj]

@Marcelo This is an awesome video I am looking for furnished apt in Poblado if possible. Would like to be all in at $1,500/m or so since I am also looking at Panama $1,500/m as to not pass the 6 month total per year to avoid taxes. I already pay US taxes in Miami. FL. I am home based in my company so I am able to travel freely but would like to live in both Medellin and Panama alternating back and forth. Any reputable Real Estate company you would recommend?

[@alecstone6674]

When I was in Medellin, I went to a pizza place. We got 4 beers and a pizza and it was $75 usd. It was more expensive then Colorado. This was on La 70

[@WanderingTrader]

You got ripped off. Shouldn't even be half that much.

[@alecstone6674]

@@WanderingTrader you are probably right.

[@paulthomas4347]

So u spent 125k, for the penthouse. How much if u bought it today? How much the market gone up? Thx!

[@WanderingTrader]

Without taking into account the rise in prices the current exchange rate it would have been 84k

[@paulthomas4347]

@@WanderingTrader thx so much for your reply! So 125k is today's rate? If not what is the value today?

[@WanderingTrader]

84k today's rate

[@TheViking34482]

I am confused , I thought that you said you paid 350,000.00 for your 6 bedroom penthouse back when you bought it ???

[@WanderingTrader]

Nooooo $124,000 usd

@@WanderingTrader That sounds like a fair price, Could you please refer me to your real state agency?

[@thomaskatt4450]

Forgot to mention the budget for girls...oh wait, that's the hidden video...

[@NickDemski]

Hey,man, do any of the gyms have childcare where can I drop my off my 6-year-old while I work out?

[@WanderingTrader]

That's a good question I actually don't know lol

[@dyno_mite]

Between Rio and Medellin which one do you suggest traveling to. Also are they safe to travel or depending on what area your in.

[@man7587]

200usd rent would be 1-2 estrato en Medellín

[@thc7865]

́ Man go to manizales

[@latinoheroes117]

Amazing video, straight and to the point. Thanks Marcello, great recommendations!!! Cuánto tiempo me permiten estar en Colomiba? Si compro una propiedad en $250.000 puedo obtener residencia, como en USA?

[@PacoDelux]

Can you do a video on how gentrification in Medellin can drive prices up since more Americans are moving to Medellin?

[@man7587]

So, you are rich in Medellin, while you'd be average in USA?

[@nelsonruiz4408]

which one would you choose? I rather be rich in a beautiful place than average in an average place!!!

[@Teabagonyou]

Yes. I live in on the East coast of South Florida. Cost of living is ridiculous and so is real estate.

[@WanderingTrader]

That's correct. Filthy rich in Medellin and average on the USA

[@Aaannngggeeeelllll57]

@@Teabagonyou i heard that live here in fl

[@GAPHOTOMAN]

I HAVE A QUESTION I AM A 69 YR.OLD AMERICAN SINGLE WIDOW YOU WERE BREAKING DOWN YOUR PRICES YOU LIVE ON MY QUESTION IS IF THIA IF I CUT OUT THE DRIVER AND CHEF AND MAID CAN I LIVE THEREON WHAT I GET MONTHLY FROM MY S,.S. WHICH IS 1,800,OOO COL PESOS,

[@darioparatore2455]

I'm raw vegan and I spend for food about 40/50 dollars per month.

[@iv7lifestyleacademy]

I’m told the Coffee region has a lot of vegetarian, veggie, fruitarian spots out there!😇

[@AscendedWarriors]

im moving to medellin on july 4th

[@lii114]

How is it so far

[@frankieramos8017]

?

[@thebarcodestv]

#askmarcello Great informative videos. Planning to move for good to Medellin/Pereira/Armenia/Manizales area and start a few business ideas. Need to know more specifics and perhaps you could be my mentor?. Looking forward to your reply... Gracias

[@romegq]

Kinda went from explaining the COL to gloating lol. Can't argue the success though. 👌

[@matthewmauro116]

I live in NYC and pay $49/month for internet at 300Mbps. Yup I’m not moving. 😂

[@thc7865]

Matthew Mauro aight nigga shut up

[@manuelvelasquez3472]

Mentor me.

[@robertwatson2834]

A great talker...where does your money come from? Your name is ? I will google you.

[@WanderingTrader]

Marcello Arrambide. Do lots of different things