In this video, I go over the pros and cons of living in Medellin, Colombia. #expatlife #expats #colombiatravel
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In this video, I discuss the pros and cons of living in Medellin, Colombia. I highlight the low cost of living, social opportunities, and the ease of hiring local talent as some of the benefits. On the downside, I mention challenges with renting apartments, obtaining property loans, and concerns about a higher crime rate in certain areas. Despite the drawbacks, I emphasize that the pros have outweighed the cons for me during my 13 years in Medellin.
Highlights
💲 Low cost of living, making it attractive for retirees and expats with a monthly income above $2,000.
🤝 Abundance of social activities and opportunities to immerse in local culture.
👩💼 Easy hiring of local talent with English skills and the chance to offer competitive salaries.
🏠 Challenges with renting apartments, including the need for a local ID and co-signer for locals.
🏡 Difficulty in obtaining property loans as a foreigner, with a 30% down payment requirement.
🚨 Concerns about a higher crime rate in certain areas, despite improvements in safety over the years.
00:00 Intro
01:05 Cost Of Living
03:32 Social Life
05:20 Local Talent
06:59 Renting Apartments
08:00 Mortgage Loans
08:33 High Crime Rate
10:55 Outro