Not for Speculation Sake

One week ago, I got all keen on exploring retirement real-estate possibilities in Sri Lanka. It seems like the right time to start thinking about a 'snowbird haven' for those six months of rain we get during dreary West Coast winters. Unfortunately, I don't think the global real-estate bubble has quite yet burst on the Indian-Ocean island. There was mad speculation and construction of enormous projects over the past half decade. Unbelievably, the prices for average homes are more moderately priced in many US markets right now. It's too bad I'm not interested in buying real estate in one of the suburbs of Phoenix Arizona, as many can be had for a song right now.

I was able to confirm the exact location of the the apartment building construction which I blogged about last week. The location is conveniently close to the International airport and thus not far from the Negombo beaches. Unfortunately, if one zooms out on the map below, it is easy to note it's also quite close to the new airport-to-Colombo toll road. I'm sure the view of the lagoon is nice but I'd rather not while away my days counting traffic on such an idyllic island.


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We'll be heading to Sri Lanka for a month this autumn. Maybe we can use that time to look around. I suppose no right-minded person would get too excited by property seen on the Internet. One just cannot get the feel of a place from a picture or two.