Living in Peru

[ChicagoBoy23]

thanks! As I suspected cost of capital is higher in 3rd world

[Lima Busy]

what are saving account interest rates in Lima?

what does a local pay for a home mortgage loan (interest rate) ?

are there limits to what % they can finance?

I married a Peruana and am looking to help out her family.

thanks in advance.

I do not know about interest on a savings accounts. Some banks will lend 120% on property others will require about 20% down and interest rates on mortgages are around 11-12%. Most guys buying (high end 150-250K)down here take a second on their U.S. residence and buy for cash here. Others buying in 40-60K range which is the norm, just pay cash. Nice to see you helping out the family but do not get sucked in too deep(speaking from experience). Also their are builders loans on new construction that are 4 years 14.75% interest 30% percent down which is what a "gringo" would qualify for (no residency/income checks).

LB

[ChicagoBoy23]

what are saving account interest rates in Lima?

what does a local pay for a home mortgage loan (interest rate) ?

are there limits to what % they can finance?

I married a Peruana and am looking to help out her family.

thanks in advance.

[Xxxgoat]

This girl sure has a lovely ass. How would I get hold of her?

PM me for info. I tried to PM you but it bounced. Yes, that is an ass worth getting hold of.

Goat

[Samu Ray]

This girl sure has a lovely ass. How would I get hold of her?

[Xxxgoat]

Hey Xxxgoat,

Nice to know your having a good time in Lima.

Tell us more about yourself though

i.e. how old you are and stuff and what made you choose lima over the other countries?

Yes, I'm really enjoying myself and it just gets better each day.

Age wise lets just say that I was enjoying the women in Japan, Taiwan and the Phillipines in the 60's and racing motorcycles in the California desert in the 70's.

I've had careers in Real Estate, Computers and New Car Sales. "Had" is the operative word - No mas trabajo para mi!

I saw enough of Peru last year to want to return and see the things and places that cannot be done on a trip. You have to live here to do what I want to do, see and experience. A lot of these things will be seen thru the lense of my camera, a passion I've had since I was a teenager.

Although I will be visiting other SA countries Lima will be my home for the foreseeable future. I have found the people and culture here that I am very comfortable with and at a cost of living that allows me to enjoy life and not work.

How about you? Are you living in Lima?

Goat

[Xxxgoat]

Hey Xxxgoat,

Nice to know your having a good time in Lima.

Tell us more about yourself though

i.e. how old you are and stuff and what made you choose lima over the other countries?

Yes, I'm really enjoying myself and it just gets better each day.

Age wise lets just say that I was enjoying the women in Japan, Taiwan and the Phillipines in the 60's and racing motorcycles in the California desert in the 70's.

I've had careers in Real Estate, Computers and New Car Sales. "Had" is the operative word - No mas trabajo para mi!

I saw enough of Peru last year to want to return and see the things and places that cannot be done on a trip. You have to live here to do what I want to do, see and experience. A lot of these things will be seen thru the lense of my camera, a passion I've had since I was a teenager.

Although I will be visiting other SA countries Lima will be my home for the foreseeable future. I have found the people and culture here that I am very comfortable with and at a cost of living that allows me to enjoy life and not work.

How about you? Are you living in Lima?

Goat

[Xxxgoat]

Goat,

Seeing you and your pics everyday, I forgot you were a newbie here in Lima, Even Ely shakes your hand everyday (which means you have arrived)! Sorry, to put you thru the "trial by fire" thing on your apartment search, but I do that to everybody so you understand it is not so easy (Polvo looked about 3 mos before he found the right one)but it is a good lesson on how things work down here and the value of knowing the right people.

Dennise, liked your apartment and the location is prime, so maybe you should lock it up before you leave in order to avoid going thru the hassle again.

I want you to hook me up with the "masage girl" you showed me yesterday for when my buddies arrive in town next month.

Anyway, enjoy life it gets better every day and the women here value "age over beauty" if you are a nice guy at heart (which you are).

For those that never met "The Goat" he is a worldclass photographer and I imagine will find willing models here easily once he gets serious about ICPNA.

LB

Most worth while lessons in life are learned the hard way. I appreciate the helpful initiation.

I intend to re-negotiate a longer lease on my apartment before my trip to the USA and Colombia in late May.

I'll pm you the massage girl's info (Carolyn) and I posted a few pics in the photo section.

I am enrolled in the next ICPNA class starting 4/2/07. The more Spanish I learn the more fun I'm having with the chicas.

Thanks for all the kind words and the warm welcome.

Goat

[Xxxgoat]

Goat:

Is that the one who didn't want to show clothes??

Polvo

Yes, I'll post her pics in the Photo section if this connection holds, or later from a better connection.

Goat

[John Sperm]

Bastards!!!! I hate you all ... not .. not really maybe envy you .. well I will be traveling to Lima in August so hopefully I will get to me you guys .. its been 3 years and still havent gotten to meet you .. have fun and enjoy see you soon..

[Polvo]

Goat,
......I want you to hook me up with the "masage girl" you showed me yesterday .....LB

Goat:

Is that the one who didn't want to show clothes??

Polvo

[Xxxgoat]

There are many hotels/hostels in and around Miraflores for $16 and up per night and some offer weekly rates. I stayed at the Maria Luisa in a mini suite for $26 per night for a few days. There is much info on hotels in the Hotels thread on this forum.

An alternative are the weekly apartment rentals. Fully furnished apartments with cable tv and internet connection in the range of $200 to $300 per week or more. I found a fully furnished 1 bedroom with kitchen, living room and dining area and bottled water, cable tv, cable internet, all utilities, building maint. fee and daily cleaning service for $245 per week ($35 per day). These can be found thru Craigslist.pe.com, Livinginperu.com and expatperu.com.I'll document the place I found in another post.

My search for longer term, more affordable housing took over 2 weeks. With the advice and help of other board members (the ads of course are in Spanish) I used the Sunday El Comercio Classified Ads and made a lot of calls and walked all over Miraflores checking out locations. I found that the more interesting rentals are gone by the time you call and most of them require a 6 or 12 month lease.

Rather than spend my time looking for an apartment (I’d rather be looking for chicas) I found an agent to help me: Igor Patron 9285-9266. He does not speak English but was very professional and I recommend him.

With the help of Igor I found a place that met my requiements and with Dennise's help I was able to negotiate a 3 month lease on an apartment on Av. Jose Pardo within walking distance of Parque Kennedy.

The details:
1 bedroom with living room/dining area, kitchen with stove, fridge, micro wave , bottled water and a bathroom with enclosed shower and good hot water supply. This is on the 11th floor in a security building with a view from the bedroom toward Larcomar overlooking Miraflores.

The cost is $350 per month plus utilities and building maint. Fee.

Estimated monthly additional costs are: Lights $25, Gas $3 ($10 propane bottle every 3 mo.) plus $37 building maint., $15 basic tel., $35 cable tv package and $40 internet connection.

Total monthly cost = $505. I also have a cleaning lady once a week for $12 who does cleaning, laundry, ironing, marketing, etc.

Conclusions:
A nice apartment can be had for $500 per. mo. I’m sure it could be done for a little less but I’d probably still be looking for an apartment rather than enjoying the life and fine women. that Lima has to offer.

If you don’t speak Spanish or know the area a bit get someone that can help.

Here’s a pic of my house warming gift to myself the night I moved in. ;>)

Leyla, met her at TR the night my amigo Gonzo got into town. $80 LT. I called her a week later and she came over for pizza and stayed the night $60.

Goat

EDITOR'S NOTE: I certainly hope that the author or somebody else will post a link to this report in the Reports of Distinction thread. Please Click Here for more information.

[Lima Busy]

Goat,
Seeing you and your pics everyday, I forgot you were a newbie here in Lima, Even Ely shakes your hand everyday (which means you have arrived)! Sorry, to put you thru the "trial by fire" thing on your apartment search, but I do that to everybody so you understand it is not so easy (Polvo looked about 3 mos before he found the right one)but it is a good lesson on how things work down here and the value of knowing the right people.

Dennise, liked your apartment and the location is prime, so maybe you should lock it up before you leave in order to avoid going thru the hassle again.

I want you to hook me up with the "masage girl" you showed me yesterday for when my buddies arrive in town next month.

Anyway, enjoy life it gets better every day and the women here value "age over beauty" if you are a nice guy at heart (which you are).

For those that never met "The Goat" he is a worldclass photographer and I imagine will find willing models here easily once he gets serious about ICPNA.

LB

[Maltrufio]

...where do YOU buy your shoes? (gay smiley face deleted)

I had to laugh when I read this post. I used to buy my shoes here when on business trips. Now that I live here, I buy when I fly back to the US. I guess the shoe is always greener...

[Maltrufio]

What I don't see is retirement and or investment visa information. Anyone have any official links with that information?

http://www.digemin.gob.pe/ (official regs)
http://www.expatperu.com/vrequirements.php (above translated to english)