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Cost of living is important, as are taxes, real-estate prices, and ownership restrictions.
A tad expensive. Instead, Gerald Celente, director of the Trends Research Institute in Rhinebeck, N.Y., is keen on much of Central America for its relatively stable currencies and proximity to the United States. But forget Mexico. Most housing bargains are gone. If you hadn't yet placed formerly strife-torn Nicaragua or Croatia on your short list, you might want to.