Move to PR
I have been researching online about PR earned income tax and the breaks on interest, dividends and capital gains for US citizens that become bona fide residents of PR.聽 Obviously, I need some professional tax help.
Are there areas that are known for having a high concentration of Ex-Pats / English speaking people?聽 We would like to live close to a decent beach in a safe environment.聽 I don't mind commuting 20-40 mintes to work to find the right place.聽 How helpful are realtors / leasing agents?聽 Could I find a place to lease for 6 months with just a 3-4 day trip?聽 Probably not interested in buying a place as my commitment will be for 2 years.
I love my car.聽 I know bringing it in to PR will create a big excise tax in addition to shipping costs, but I may be able to get my company to pay for at least one car.聽 It looks like prices of car are horribly inflated at well due to taxation.聽 Do any of you have an electric car?聽 Is the infrastructure there to use one?聽 Is electricity to inexpensive relative to gasoline to make it economically feasible?
Lots of other things to consider - bringing our dogs is a must, insurance for cars, fast internet connection, got to have DirecTV to get the NFL Sunday Ticket.聽 Big decisions about what furniture to bring and what to store (driven by place we lease)
Thanks for all your posts on the forum.聽 I have really enjoyed reading them and gathering information.
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If I were you, I'd rent one of the colonial houses in Old San Juan. Another good option is a high-rise apartment on the eastern side of Guaynabo or in Hato Rey itself. These threee locations will have short commutes, something very rare for the San Juan metro area. Good luck!
I have visited Old San Juan several times and it is beautiful. I really enjoyed walking about the town, soaking in the history and culture.聽 I wasn't sure if it would be affordable. One knock I have heard is that it can tend to be very loud at night. Obviously, that's all about a specific location.聽
I am concerned how much time I will have to find a place to lease.聽 Like you say, 3-4 days isn't very much time to nail something like that down.聽 I am trying to do as much online research as I can, but being there makes all the difference.聽 Maybe I could use VRBO or airbnb to get a place for a longer time period so I can figure out the lay of the land and make a decision.
Thanks again for your excellent advice.
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Best of luck!
Thanks again for the advice.聽
Anyone able to comment on my electric car questions?
z4luvr wrote:Schuttzie, Thanks for the feedback.聽 The more I think about the logistics, I agree that 3-4 days isn't going to be enough.聽 If I had everything nailed down to a small area such that I required my place to be walking distance from my office, I could easily do that.聽 However, I have no such restrictions.聽 I want a to look at a lot more options.聽 Besides, I won't just be house hunting.聽 I will be doing a lot of other administrative things like bank accounts, etc.聽 I will also be on Island time.聽 That's going to be an adjustment for me in my business life.聽 Experiencing it on vacation is one thing, but being patient in a business and daily life environment will be a learning experience.
Thanks again for the advice.聽
Anyone able to comment on my electric car questions?
I haven't seen any infrastructure for electric cars in PR (though I have not looked intensely) - nor have I seen any electric cars, for that matter. You do see some hybrids around, though. If you are environmentally conscious & working in Hato Rey, you might want to consider access to the Tren Urbano - a light rail public transport system in San Juan that works very well.
There are numerous high-rise apartment buildings in Hato Rey that look pretty luxurious from the outside, yet I'm sure that the prices are modest compared to areas closer to the beach such as Condado & Ocean Park. I think the attractiveness of those buildings will probably depend on the kind of lifestyle you want to live as Hato Rey - though very busy with as a financial district during the day - is not much to walk around in at night. If you are homebodies after hours, and just want to set on a nice balcony or go to the gym or pool that such buildings surely have, one of these buildings could be very good for someone working in Hato Rey.
However, in the long run, I think the Caribbean needs to be more proactive about electric cars.聽 Fossil fuels are already very expensive there and the idea of encouraging overnight charging such that off peak capacity is utilized will mean no incremental power plant investment.聽 The relatively shorter travel distances also bodes well for electric power.聽 Unfortunately, one big strike that is also in play is heat.聽 Batteries don't retain as much charge in higher heat areas.
Thanks again for the advice.
z4luvr wrote:Excellent point.聽 Yes, fossil fuels are still at the root of that power but the process of generating electricity in a power plant is much more efficient and cleaner than having a hundred thousand small internal combustion engines (cars) generating power.聽 Another big issue is that power plants have excess capacity in the evening that can be utilized without the incremental capital needed for another plant.聽 You would import more fossil fuels to power the plant, but less gasoline to power cars.
Absolutely. Pretty much regardless of the source, electric is cleaner. In addition, in spite of the high cost of electricity per kWh in PR your still looking at about half the cost of a conventional internal combustion engine. (Of course, this might make it only about the same as a gas-electric hybrid.) Unfortunately, and I could be wrong on this, I suspect that there is limited if any charging infrastructure in PR, which means you will only be able to charge at home. (Again, don't take my word on this - I could be wrong.) In addition, you will certainly find yourself idling in traffic in San Juan on occasion. Even if you take every precaution to avoid the worst of San Juan's notorious traffic, it'll get you eventually. I'm not sure if this is a problem for an electric vehicle. Maybe just get a Prius?
One of the emerging trends in the US over the next decade will be to switch commercial trucks from diesel fuel to compressed natural gas.聽 Obama just came out with a new clean air mandate for commercial vehicles.聽 Compressed gas is really the only economic way to meet those goals with currently available technology.
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