The honest map

Why Asia, and why not (yet) most of Latin America

The whole model runs on one structural condition: a glut of motivated landlords created by a property boom gone bust, in a country where a US passport still buys ~90 days of low-friction stay. Malaysia has that. Thailand solves a different constraint (legal remote work). Most of Latin America — for reasons we lay out below, not vibes — doesn't have that same landlord-desperation dynamic, and carries its own frictions on top. We'd rather tell you why than pretend the map is bigger than it is.

The blessed pipeline

Each of these opens only after we've run its full playbook ourselves — same rule as China. Mérida is real, but it's a different kind of pick than the other two; we say so below.

Penang 槟城

Malaysia · The structural clone

Next up

Same thesis as China, no geopolitical discount, visa-free entry.

  • 90 days visa-free on a US passport — even less friction than China
  • A real housing glut: 44,000+ unsold high-rise units nationally, landlords motivated
  • Asia's best medical value — Penang is the region's screening and dental hub

Chiang Mai เชียงใหม่

Thailand · The legal remote-work quarter

In design

Solves the constraint China can't: legal remote work.

  • Thailand's DTV visa: 5 years, multi-entry, 180 days per stay
  • Remote work is fully legal here — the lane we won't sell you in China is legal in Thailand
  • ~$900/month all-in; the most mature medical-tourism machine in Asia next door

Mérida Yucatán

Mexico · The near-shore convenience quarter — not the arbitrage quarter

Exploring

Real, and on the roadmap — but it's a different pitch than China or Penang, and we say so upfront.

  • US time zones — interview at normal hours, no 3am calls
  • Entries up to 180 days; flights home from $200; one of the safest cities in the Americas
  • The honest tradeoff: savings run 30–50%, not Asia's 60–70% — and rent is rising, not falling, on ~10,000 new arrivals a month, the opposite of the landlord-glut dynamic that anchors Kunming and Penang

Caveat: We sell this as the convenience pick — timezone, safety, dental payback — not a China clone. If maximum arbitrage is what you want, Mérida isn't it.

Latin America: considered, not blessed

People ask about Medellín and Buenos Aires a lot, so here's our honest research, not a brush-off. Nothing here is a knock on either city to visit or live in generally — it's specifically about whether they fit this product: a fixed-cost 90-day reset built on a landlord's desperation to fill a unit.

Medellín Antioquia

Colombia · Considered, not blessed

Parked

Not bookable, and not on the near-term roadmap. Here's why, plainly.

  • US State Department keeps Colombia at Level 3, "Reconsider Travel," unchanged through mid-2026 — a real cost to the "tell your family a clean story" part of the product, not a headline we can talk around
  • No landlord-glut story like China or Penang: city-wide rental vacancy sits around 3–4%. The only loose inventory is in a handful of nomad-saturated blocks (Provenza/Manila, Parque Lleras) already priced for the roughly 8,300 nomads arriving every month
  • We'd be entering an already-optimized, competed-over market instead of opening a new one — the opposite of the playbook that makes this model work

Caveat: This isn't a safety verdict on Medellín as a place to visit or live — plenty of people do, happily. It's a verdict on whether it fits a product built on landlord desperation and an easy family-facing story. Revisit if the advisory lifts.

Buenos Aires Argentina

Argentina · Considered, not blessed

Parked

The famous arbitrage story is out of date. Here's the current one.

  • The currency-crisis discount that built Buenos Aires's reputation (the 2019–2023 "blue dollar" gap) closed in 2025 when Argentina lifted currency controls — official and parallel exchange rates have since converged
  • A new mandatory $20,000 travel health-insurance requirement lands July 2026 — a real, non-negotiable cost line on top of the visa
  • Inflation is still running 20–25% a year, which cuts against promising a fixed all-in cost across a 90-day stay
  • No verified housing-glut analog — we found no landlord-desperation dynamic to build the arbitrage pitch on, unlike China or Malaysia

Caveat: US timezone alignment (1–2 hours off Eastern) is genuinely excellent for job-hunt logistics — that part of the pitch holds up. It's the arbitrage-depth and fixed-cost promise that don't, for now.

This page gets updated as facts change — advisories lift, currency regimes shift, markets loosen. If the reasoning below goes stale, tell us.