Latin America
The region at the center of this letter. Politics, capital, residency, and real estate across Latin America, weighed for where capital, law, and life genuinely work, and where they only think they do. Newest first.
-
Latin AmericaMarketsOne Bidder
Colombia has awarded exactly one prison concession in its history. One company bid on it. Now the incoming president wants to build ten more.
-
Latin AmericaMarketsWhen Paper Profits Meet Reality
Latin America has some of the fastest-appreciating real estate in the world right now. But appreciation is only half the equation, and the other half is where most foreign buyers get caught.
-
Latin AmericaResidencyThe Florianópolis Dispatch: Safety, Real Estate, and the Real Cost of Brazil's Silicon Island
The "Magic Island" sells safety, European lifestyle, and Silicon Valley ambitions. But a third of properties lacked sewage connections until recently, and the federal government is at war with the state that hosts it.
-
Latin AmericaResidencyThe Colombian Tax Window
Colombia's foreign pension exemption can legally reduce your tax bill to zero. Here is how the structure works, what the real estate actually costs, and why August 7 matters.
-
Latin AmericaNearshoringThe Tightrope Republic
Record foreign investment and a narco-transit problem, on the same island. The Dominican Republic is executing a narrow, focused bet that the numbers say is working.
-
Latin AmericaGovernanceThe Price of Integrity
A thought experiment on incentives: what Singapore’s wager on paying for integrity might mean for Colombia, Brazil, and Mexico, the places expats actually move.
-
ArgentinaMacroThe Argentine Wager, Revisited
With the cepo lifted and the blue-dollar gap gone, is Milei’s Argentina investable again? Stabilization, not transformation.
-
ColombiaReal EstateThe Laureles Trap
Medellín is Latin America’s hottest property story, and the Spanish-language press is telling a different one. Where the money actually goes, and where it gets resented.
-
VenezuelaDispatchVenezuela’s Opening
A broken country, a fragile transition, and a recovery case no serious investor can ignore, for risk capital only.
-
CubaDispatchThe Bets Are In
Ninety miles from Florida, the slowest opening in the hemisphere is finally pricing in.
-
ColombiaDispatchEl Tigre
Colombia just elected an outsider who campaigned behind bulletproof glass, and won by 250,000 votes.
-
ArgentinaMacroThe Chainsaw Test
Milei took a chainsaw to the state. The question is whether the cut heals, or scars.
-
MexicoMarketsMexico’s Nearshoring Paradox
Record foreign investment. Shrinking domestic investment. The incentive quietly became a trap, and the audit, not the tariff, is the culprit.
-
El SalvadorSecurityAfter the Cages
Bukele built the safest country in the hemisphere on the back of the largest prison in Latin America. Capital noticed first.
-
PeruDispatchThe Hand That Shook
Peru elected Keiko Fujimori on a promise of order. Order is the promise; democracy is the question.
-
Uruguay & ParaguayResidencyThe Quiet Havens
Two small republics, two routes to the same thing: a legal, taxable, livable second home in the Southern Cone. Residency is not domicile.