Pros and Cons of living in Medellin, Colombia

[@dovygoodguy1296]

I give Lad a thumbs up even before watching the video because I know it's going to be an enlightening video even if i don't always agree with everything.

[@CommodityCulture]

Very interesting discussion. The crime aspect is a deal breaker for me, but everyone has their preferences and regardless, I love learning about all these different areas of the world through your channel.

[@TheWanderingInvestor]

Thank you Jesse

[@jgm3620]

Great video great feedback on Medelin. Mauricio was very helpfull when arrived in Medellin and visited lot of properties with him. Great service

[@Frank-xp3xd]

Good summary, it's how I felt when I was there. As always, everything has its advantages and disadvantages. The biggest advantage is the cheap cost of living if you have an income in dollars, euros or other "strong" currencies.

[@senpai75014]

amazing video as usual

[@houseman7315]

The thing is, apartments and townhouse style homes are fairly reasonable (600usd) per month but if you want a country style house with a yard, forget about it, your looking at 2000 usd per month rent or minimum 400k to buy, especially in "el oriente" which is up in the hills just outside medellin where everyone wants to live. But I will say the monthly cost of living apart from rent is about half that of the USA.

[@cindypatterson4429]

Great info!

[@TheWanderingInvestor]

Thank you

[@peterlachina6185]

Can you say it is absolutely needed the bars on your windows in remote locations or even good areas like Llanogrande or Rionegro fincas ?

[@Calipeixegato]

Thanks for this insightful discussion. Medellin is an amazing city and I enjoyed the time I spent there (pre-pandemic). The recent uptick in crime makes me a little nervous, though I realize you only hear the bad stories in the comments sections and for every bad story, there are thousands of "non-stories" from people who had no problems. That said, Medellin is still on my list of potential property investment locations. Does Colombia have a taxation treaty with the US that prevents double taxation of income? To me, the lack of such a treaty would be more of a hinderance to me than the uptick in crime. Also, are there many opportunities to buy a 4-6 unit building to renovate? I have some friends that may be interested in going in on that kind of investment, where each of us "invests" in one of the units.

[@TheWanderingInvestor]

Thank you. There isn’t a double tax treaty with the US but maybe you can still get tax credits for taxes paid in Colombia - ask your CPA. As for buildings to renovate, definitely. Get in touch with Mauricio ([e-mail]). He may have a few. Cheers

[@maureenramdeen4593]

I will love to visit

[@devanii]

i live in the Netherlands and have a bank account in colombia.. no problem..

[@peterlachina6185]

What level of income triggers these higher tax rates? I understood it was 10% on minimum AMT of income.

[@heliosperegrin]

Also a doctor from the UK with a girlfriend in Medellín. Thinking about moving here.

[@thefootballpunnedit]

😅

[@jessejames4967]

😂

[@LuisAlvarez-zk1go]

😂

[@heliosperegrin]

@@LuisAlvarez-zk1go what's funny?

[@p.c.h.6721]

Doesn't it rain a lot in Medellin? How is the Capital gains tax in Colombia, is it 10%?

[@sebapi]

Yeah, looks like 39 and 10

[@MaximilienVeers]

Bravo Americain ! ;)

[@TheWanderingInvestor]

😅

[@dovygoodguy1296]

How do people handle the heavy air pollution and fire smoke. Mauricio just left out the issue of residency or tourist visas.....

[@TheWanderingInvestor]

thewanderinginvestor.com/services/residency-and-citizenship-by-investment/how-to-obtain-residency-in-colombia/

[@dovygoodguy1296]

@@TheWanderingInvestor Lad, could you discuss a bit the element of air pollution, trash accumulation, congestion, seaweed, etc. as some of the "Cons" for Medellin or other locations you discuss? I think it would be a great subject, and would give a wider perspective to real estate and development.

[@TheWanderingInvestor]

@@dovygoodguy1296 Yes. Traffic and pollution are big negatives in Medellin.

[@peterlachina6185]

Pollution is not that bad compared to Bogota, it's very poor. I prefer myself living in mountain communities. Drive to Medellin when I want. It's great and cooler.

[@CurtisMoe]

What happened with your recommended contacts in Mexico? They went afk. No responses.

[@TheWanderingInvestor]

Which one?

[@dovygoodguy1296]

Is insurance available for expats over 65?

[@TheWanderingInvestor]

If you are a resident yes. Cheap.

[@dovygoodguy1296]

@@TheWanderingInvestor Amazing, because foreigners in most countries in Latin American will not be accepted if they are 70. Or possibly 75.

[@elperro3056]

Is that place safw for tourist / passport bro

[@Theprouteu]

Heard many stories about passport bros getting drugged by Colombian gyals. Up to you bro but that is an expensive price to pay just to empty your popol.

[@jessejames4967]

No its not safe for idiots

[@yuanshuan7099]

The immigration office works slow. It may take you three hours to enter.

[@DonManuel69]

Nice Hat! Go Expos Go! …

[@rhenderson9862]

For all the affordability AND availability of housing within metro Medellin. The health care being wonderful and quite affordable. Daily expenditures for food, utilities, etc., quite reasonable. The AIR QUALITY of Medellin is awful! For the greater part, filtered/central ventilation offered in Medellin is nonexistent...open the window (no screens) the airflow is great...including the carbon precipitates from bus, auto and motorcycle traffic. Terrible AIR QUALITY! Mop you floors...scrub them if you like. Don a pair of white socks and walk around...BLACK! Everyday, every night...every holiday...AIR QUAlITY is terrible in Medellin...cough, cough...hack, hack.

[@diegoseb1010]

Pro: Medellin itself Cons: Foreign people doing this videos.

[@richardhausig9493]

Been here 15 years, I'd never leave. But it is getting expensive

[@TheWanderingInvestor]

@@richardhausig9493 True. The cost of living has shot up in the past two years.

[@mafegarcia1180]

​@@TheWanderingInvestorAnd is partly caused by the amount of foreigners living here...

[@fantomas1498]

Yes. Menu del dia again by 2000 Pesos more expensive from 1st January 2025. How do you handle the unbelievable noise. Ear plugs or you are lucky with a deep sleeping?

[@mafegarcia1180]

Don't promote minimizing your taxes when you are comming here for affordability, more so if you are doing business in euros and dollars.

[@PabloFrancishargett]

Be aware of gringo pricing

[@tylerdwashere]

Cool video, but its wayyyy more dangerous than you let on the kidnappings drugging, robbery are things people need to know about in depth before coming in blindly, the crime will always hold that city way back for development and the small pockets of money that really don't show the real life there. Do your research on youtube more and more now and in Spanish news if you can have someone translate it. In my world travel ranking Medellin is 10 out of 10, being in the most dangerous category

[@quedtion_marks_kirby_modding]

I mean, Denver and philidelphia have huger crime rates, so tbh it is as dangerous as your avarage usa city.

[@gordondalrymple7644]

Wow a doctor has the good, life in Medellín . Who would have guessed ?

[@marshallleo6589]

I live 6 months each year in San Diego Neighborhood of Medellin. I bought in 2018..so my housing is affordable. Food and utilities also still affordable. Interestingly, I just visited Odessa and the prices and costs are very similar...Real Estate investment and rental return very similar. After summer, once Russia has established control of Odessa, I will start real estate buying there as well...living Medellin 6months, Odessa 6 months. Establishing real estate holding business in each country.

[@LuisAlvarez-zk1go]

Russia will not control Odessa.