Ecuador US Dollar: Inflation, Debt, Drugs, Cartels, State of Emergency, Real Estate Market

Ecuadorian Military Twitter page: https://x.com/EjercitoECU?t=6hJv1eO9VP5yHtkYPEeIew&s=09

Ecuadorian President Twitter page: https://x.com/Presidencia_Ec?t=ZvvVRcGX-Q2sAbRW2UaBig&s=09

Welcome to another episode of the Ecuador Insider's Podcast, brought to you by Abundant Living Ecuador. In today's episode, join our hosts Brandon, Carl, and Jesse as they delve into critical topics affecting both locals and expatriates in Ecuador. This discussion offers a unique perspective on the economic and social landscapes of this beautiful country, focusing on the use of the US dollar versus the Ecuadorian dollar and what it means for everyday life and the economy.

Our conversation takes a serious turn as we address the concerning rise in crime within Ecuador, including home invasions, security breaches, and the impact of cartels and criminal organizations on the community. We'll share insights into the troubling dynamics between the military and these cartels, especially concerning drugs and weapons, providing a comprehensive understanding of the challenges faced by Ecuadorians and expatriates alike.

Furthermore, we dive into the world of real estate, examining commission structures, the importance of fiduciary responsibility, and the historical context of the real estate market in Southern Ecuador's Andes mountains. Whether you're a potential homebuyer, a real estate enthusiast, or simply curious about life in Ecuador, this episode offers valuable information and advice.

Join us on the Ecuador Insider's Podcast for an honest, in-depth discussion that aims not only to inform but also to foster a community of support and understanding among those living in or considering a move to Ecuador. Let's explore the beauty, challenges, and opportunities that Ecuador has to offer together. Don't forget to subscribe to our YouTube channel, Abundant Living Ecuador, for more insights and stories from the heart of Ecuador. Enjoy the episode!

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00:00 State of emergency
00:27 Household debt comparison
06:28 State of emergency extension
12:55 Prison crackdown results
13:38 Significant drug confiscation
15:27 Operations statistics
17:50 Flooding humanitarian aid
18:45 Government's efforts
19:39 Speculation about operations.
20:05 Sustained, serious efforts.
20:48 Significant gang member arrests.
21:28 Positive sentiment towards president.
22:23 Preparing for reelection.
23:22 Real estate market setup.
26:22 Due diligence challenges.
30:18 Starting Abundant Living Ecuador.
31:11 Introducing percentage-based commissions.
33:44 Ethical business practices.
38:06 Trade agreement benefits
41:04 Ecuadorian debt stats
47:32 Different currency dynamics
59:48 Plumbing is versatile.
01:00:15 Workers learn practically.
01:02:21 Ecuador's economic challenges.

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