... Vacancies!!...

ISSUE #463: June 9-15, 2013


Brian Timmons, Newsletter Author
Brian Timmons

Dear friends,

When I started Residencias Los Jardines, I started writing a weekly news letter -determined to tell all the good, bad, and the ugly. I knew some readers would be interested in the construction process. I expected others might be interested in the lifestyle of two people who had decided to live outside the box. For others, the adventures of Lita, the parrot and the cat took on an entertainment saga all its own.

Residencias Los Jardines is finished. We periodically have resales and rental availability. Some readers may be interested in this information.

Brian Timmons
Residencias Los Jardines / https://www.residenciaslosjardines.com info@residenciaslosjardines.com


Featured house this week

UNIT #124:
FOR RENT: $1,000 mo.
Available Immediately

Unit 124

Total Area (Sq Ft): 662
Total area (Sq M): 61
Bedrooms: 1
Bathrooms: 1
Floor(s): 2nd floor
Type: Semi-Detached
Furnished: Yes

Full details of Unit


Residencias Los Jardines
Property Management, Rentals, Re-Sales

Market Activity

Sales: no clients.

Rentals: no calls nor viewings.



Unit #114: $235,000 / See Unit


Unit #112: $1,250 mo. / Available Immediately / See Unit

Unit #113: $1,350 mo. / Available July 1 / See Unit

Unit #123: $1,650 mo. / Available July 1 / See Unit

Unit #124: $1,000 mo. / Available Immediately / See Unit

Site Plan



UNIT #114
FOR SALE $235,000

Total Area (Sq Ft): 1290
Total area (Sq M): 120
Bedrooms: 2
Bathrooms: 2
Floor(s): Single Floor
Type: Attached
Furnished: Yes

This 1,290 sf. (plus covered parking for one car and two lockers 67 sf.) single story, semi detached house, with garden terrace, two bedrooms is a beautiful executive style home. This home consists of two large bedrooms one with six piece en-suite bathroom with additional access to separate full shower. Each bedroom has large closets with extensive built-ins for personal organization. The vaulted living room and bathroom ceilings provide a feeling of grandeur while allowing the warmer air to rise and exit through the ceiling ventilating system. There are four TVs (one in each bedroom, one in the living room and one in breakfast / dinning room.) This is a beautiful well appointed home.



UNIT #112
FOR RENT $1,250 mo.
Available Immediately

Total Area (Sq Ft): 1290
Total area (Sq M): 120
Bedrooms: 2
Bathrooms: 2
Floor(s): 1 Story
Type: Attached
Furnished: Yes

This 1,290 sf single floor home includes a 300 sf front terrace plus parking for one car. It is attached on two sides by a 6 inch cement demising (common) wall, which prevents sound transfer.



UNIT #113
FOR RENT $1,350 mo.
Available July 1

Total Area (Sq Ft): 1290
Total area (Sq M): 120
Bedrooms: 2
Bathrooms: 2
Floor(s): 1
Type: Semi-Attached
Furnished: Yes

This 1,290 sf single floor home includes a 300 sf front terrace plus parking for one car. It is attached on one side by a 6 inch cement demising (common) wall, which prevents sound transfer. The three other sides allow light, ventilation and garden views.



UNIT #123
FOR RENT $1,650 mo.
Available July 1

Total Area (Sq Ft): 1516
Total area (Sq M): 140
Bedrooms: 2
Bathrooms: 2.5
Floor(s): 2 Story
Type: Detached
Furnished: Yes

This two story, detached 1,423 sf home + parking for one car has two bedrooms, 2 ½ bathrooms and a 2nd floor covered terrace. The open railed wrought iron cement stair case leads to the 2nd level where the master bedroom with en-suite master bathroom as well as 2nd bedroom and en-suite bathroom are located. Also accessed from the 2nd floor hallway is the covered terrace. This is a very nicely furnished home with a good floor plan for those wanting two floors.



UNIT #124
FOR RENT $1,000 mo.
Available Immediately

Total Area (Sq Ft): 662
Total area (Sq M): 61
Bedrooms: 1
Bathrooms: 1
Floor(s): 2nd Floor
Type: Semi-Detached
Furnished: Yes

This 662 sf, + covered parking for one car, is a one bedroom home on the 2nd floor overlooking the large pool. It is ideal for a single person or couple.



Our Lives

WEATHER: the rainy season continued with overcast skies and normal rains... the garden is happy.

All in a Week's Living in CR:

Collections are proving to be a bit difficult. A guy with a problem house has contacted me and wants me take a look at it. It's close by so I'm suppose to see it today. We'll see.



News Items of the Week

Comments: After having announced that the Nicaraguan canal project was dead, it appears Ortega and group pushed through at lightning speed, a government approval of the project. A number of authors don't take this seriously. So what's the game plan?

The killers of the environmentalist killed while protecting turtle eggs haven't been found. This is not really a surprise -read the related article...

Credit Card debt: look at the interest rates and the number of cards issued. Realize there has only 4 mil. people, assume 50% are ineligible because of age or other criteria and look at the number of cards per person... when in the supermarket, I see people paying for less than $5 worth of things and having to go through multiple cards before finding one with a credit balance left.

Now that the president got her free ride, she's banning the same for others... great... and the she got the ride from, continues to be "investigated"... nothing will happen...

Tow truck operators went on a day's strike because they don't like the rate the state insurance agency INS pays them for haulage; the "general strike" hasn't yet happened. Th wage increase slated for the private sector effective July 1 hasn't yet be announced.

And the graft and corruption on the upgraded highway seems to have started way before any construction was done.. I wonder which other country loan or grant will now pay off the "cancellation" fees...

MOPT official arrested on charges of driving drunk with turtle eggs in Moin

According to police, a motorist stopped at a checkpoint in Moin, Limon was arrested with 12 sea turtle eggs after testing positive for alcohol intoxication. Officers also determined the man is an employee the department of driver licensing.

Full Article Published in La Nacion on Jun 10, 2013

Government asks company to explain $46 million collection

According to a letter from Brazil OAS, the $46 million it is asking for breach of the San Ramon highway concession includes a $33.9 million payment to the previous concessionaire and $11.1 is for its own expenses. The company is also asking the government to extend the deadline for negotiating a settlement.

Full Article Published in La Nacion on Jun 10, 2013

Labor unions, others planning national general strike – for their right to strike

June 10th, 2013 (InsideCostaRica.com) Costa Rica’s largest public and private labor unions and social organizations are planning a nationwide general strike in protest of labor reforms made by the government of President Laura Chinchilla, which they say seek to remove workers’ “human right” to strike.

The national general strike is planned for Tuesday, June 25th, according to Franco Benavides of the Labor Ministry workers’ association, known as AFUMITRA.

Unions such as Undeca, APSE, ANDE, UNT, ANPE and others said they have studied the reforms and believe they violate the “human right” of both public sector and private sector employees to strike.

Union representatives said that in addition to workers’ right to strike, they would also be protesting against concessions they believe violate national sovereignty, in addition to calls for the protection of farmers, the Social Security Fund and pensions, and against the “plunder” of natural resources.

Union officials say the planned strike would only be a demonstration of what will be an even greater strike against the government. Both public and private employees, dockworkers, public school teachers, and others are expected to participate in the planned strike, which leaders said would occur throughout the country.

From InsideCostaRica.com

Credit card debt at $1.5 billion, and arrears mount
By the A.M. Costa Rica staff

Costa Ricans have reduced slightly what they owe credit card companies, but the amount in arrears has increased.

The country's 1.7 million credit card holders owe a staggering 729 billion colons or about $1.5 billion to credit card companies as of April 30, according to the latest figures from the economics ministry. The average debt per card is about 428,144 colons or $867.59, based on a 493.5 rate of exchange.

According to the Ministerio de Economía, Industria y Comercio, Costa Ricans and others who hold credit cards issued here reduced their debt by 5.3 billion colons since January. That's about $10.7 million. There was no information on what percentage was paid down and what percentage was a write off by the credit card companies.

All the data came from the 29 companies that issue credit cards. The largest is, of course, Credomatic de Costa Rica, which offers 67 separate types of cards. Banco Promerica is second with 41 different cards, followed by Banco Nacional with 32 and Credex World S.A. with 28.

Some 12.05 percent of the total debt was in arrears from one to 90 days, and 3.82 percent was in arrears for more than 90 days, the companies reported. That might explain why the annual interest rate on colon credit card debt is between 24 and 54 percent. Nearly 70 percent of the cards carry a rate between 40 and 49 percent, the ministry reported.

Arrears 90 days or less showed an increase of 2.28 percent since January, according to the study.

Credit card debt as of April 2013

Credit cards issued


Total debt
in colons

¢ 729,111,000,000

Total debt
in dollars

$ 1,477,428,571

Average debt
per card



¢ 428,155


$ 867.59

in arrears



¢ 115,709,915,700


$ 234,467,914

There was a slight increase, 0.15 percent, in debts older than 90 days, it added.

The interest rate on credit cards denominated in dollars was between 14 and 36 percent with about 74 percent of the cards carrying interest rates between 30 and 36 percent, said the ministry. About 40 percent of the accounts are in dollars.

The study noted that there also are 4.9 million debt cards in circulation.

From https://www.amcostarica.com

Chinese company says it is ready to build $40 billion “Nicaragua Canal”

June 11th, 2013 (InsideCostaRica.com) Chinese company, HK Nicaragua Development Investment Co. Limited (also known as the HKND Group) said yesterday that it was ready to proceed with the construction of the Nicaraguan canal, estimated to cost about $40 billion. The firm said the project would be completed in ten years.

However, environmentalists and even some politicians in Nicaragua have questioned the impact on the environment and the company’s experience with large infrastructure projects. Environmentalists are especially concerned because the canal will affect Lake Nicaragua. With an area of 8,264 square kilometers, the lake is the largest in Central America.

The company responded by saying that it has “extensive experience in infrastructure development and construction management,” without giving further details.

HKND has the support of the government of Daniel Ortega, who last week sent two “emergency” bills to the National Assembly to allow the firm a 50-year concession on the project.

“Trends in world trade and shipping indicate that there is demand for a new canal. Our intention is to build a world-class project, developed in accordance with international best practices,” the company said as part of a statement.

From InsideCostaRica.com

Chinchilla directive prohibits public employees from travel on private aircraft

June 11th, 2013 (InsideCostaRica.com) A directive issued by President Laura Chinchilla which went into effect yesterday prohibits any public employee from accepting the use of a private aircraft from any business or individual. The measure comes after Chinchilla faced harsh criticism last month, when it was revealed that she twice traveled on a private jet that was made available by Gabriel Morales Fallon, a Colombian who has been investigated for possible links to drug traffickers.

The scandal ultimately led to the departure of Minister of Communication, Francisco Chacon; Deputy Minister of the Presidency, Mauritius Boraschi, and the president’s personal assistant, Irene Pacheco. Investigations are still ongoing.

The directive was published in the official newspaper, La Gaceta, yesterday.

The directive states that accepting the use of private aircraft “can carry risks for the government and its officials,” saying that such offers could come from unknown origin or could ultimately lead to conflicts of interest.

The directive provides an exception in the case of rescues or emergencies.

Costa Rica does not have a presidential aircraft.

From InsideCostaRica.com


Brian, Lita, the Late Hugo IV, irreverent Vicka, the pigeon toed parrot, Chico II and Chica II

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