There was an interesting article last week in Cuenca High Life, a local online publication. It seems that several real estate developers are refusing to sell units in their new condominium projects to gringos.
"What?" you might ask. "Don't Ecuadorians think we're all wealthy? How can this be possible?"
Well, mostly because we're a pain in the ass. Not all of us, of course. The article states that too many foreigners have been overly rude and demanding, prompting developers to sell only to locals.
I was quite happy to read this because it's a great message about who's really in charge here. We expats are guests in this country and should always behave accordingly. These knuckleheads who move here with the expectation of finding, or creating for themselves, a "cheap America" and constantly complain about people not speaking English (in Ecuador!) and everything else that doesn't suit them need to be taught a lesson.
And there's no better classroom than one's wallet.
Foreigners are often falsely blamed for rising prices in real estate because we are an obvious presence. Sales to expats are only a tiny percentage of the overall market, so these developers have decided that their profits will not be adversely affected by their decision. In fact, because Cuencanos are more accommodating, their bottom lines will increase. Since Ecuador (thankfully) doesn't have myriad laws, rules, and regulations protecting everyone from everything like the US, these businessmen can simply say that their projects are "sold out" without fear of retribution.
My advice is blunt:
If you're not excited about relocating to Ecuador, please don't come. If you're in Ecuador and not happy, please leave!