New Mexico
A boomer who moved to Panama after years as a bartender in the Hamptons and New Mexico outlines the pros and cons of living in Central America
- George Stumpp, a retired bartender, lives comfortably in Panama after moving from New Mexico.
- Stumpp rents two properties as Airbnbs, supplementing his income in a country with good healthcare.
- He said Panama has robust infrastructure, a lower cost of living, and many of the same stores as the US.
George Stumpp, 65, worked as a bartender and bar supervisor in Long Island and New Mexico for decades. Realizing his retirement savings could go further in a different country, he settled in Panama.
In 2006, he and his wife bought a property on the outskirts of Panama City for $37,000 in cash, traveling back and forth until his retirement. After 15 years of going back and forth, he settled there permanently in 2021, renting out two casitas as Airbnbs to supplement his income. He’s enjoying retirement in a country with a lower cost of living and high-quality healthcare, and he said he’s enjoyed adapting to Panamanian culture.
“One of the reasons I chose Panama over other Central American countries is because we’ve got better infrastructure than anyplace else,” Stumpp told Business Insider. “It’s a thriving country, and a lot of that is based on income that they get from the Panama Canal.”
George Stumpp
As the cost of living continues to increase, driven by elevated housing costs and still-high grocery bills, many American retirees are looking abroad for retirement. Some recent retirees previously told BI they’re living much more comfortably in places like Colombia, Thailand, and St. Maarten.
Leaving the US
Stumpp grew up in the Hamptons on Long Island and eventually worked as a bartender for 15 years. He worked at rock ‘n’ roll clubs in the 1970s then found work at more upscale bars and restaurants.
As Long Island got more expensive, he decided to relocate to Sante Fe, where he had a cousin at the time. In 1993, he moved to Santa Fe with his then-girlfriend and her two kids.
He got a job at a luxury hotel downtown, working his way up the ranks to bar supervisor. For years, he managed the bar, from creating schedules to ordering inventory. As his kids got older, he started to vacation in Central America, traveling to Costa Rica, Belize, and Panama.
His parents had retired to a lakefront cottage in Ontario, Canada, so he knew he wanted to retire abroad. In the mid-2000s, he started looking into purchasing a property in Belize, a predominantly English-speaking nation, although he and his wife ended up passing on it after noticing it wasn’t as peaceful as they wanted it to be.
After reading more about Panama and seeing more Americans moving there, they took a lengthy trip searching for potential properties. He noticed he could get cheaper prices by calling the number on hand-painted signs outside homes instead of going through real estate websites, which would upcharge nonlocals.
Buying a home in Panama
He settled on a nearly half-acre property for $37,000 back in 2006 located three minutes from the beach, giving his Sante Fe home to his stepdaughter. The property had an old home that was falling apart, and he and his wife built a smaller house toward the back of the property with a bedroom, small kitchen, bathroom, and front porch. They split the old house in two as rental units. He owns his property outright with no mortgage, and his annual property tax is less than $100.
George Stumpp
“We literally just took it apart — it was wired with extension chords, and it was in sad shape,” Stumpp said. “We took it apart, put it back together again, and turned it into these two cute little Airbnb rentals. I’m not making a million dollars, but it’s supplemental income.”
After moving back and forth between Panama and the US for work for several years, he finally decided to retire and put his Santa Fe house on the market in 2021, noticing his home increased over $100,000 in value from the year before. He sold his convertible and bought an SUV, drove around the US for four months visiting friends and seeing national parks, and then flew back to Panama with his dog.
Moving to Panama permanently
He said over the last two decades, Panama’s infrastructure has become much more robust than many other Central American countries. He said the city has good healthcare, a thriving financial scene, and plenty of big-box retailers and large chains.
Within 15 minutes of his house, he said there are four grocery stores, a Home Depot-like retailer, and many restaurant chains similar to those in the US.
George Stumpp
“Anything I can buy in the States I can buy here. You might pay a little bit more for certain things, but then again, there’s always alternatives,” Stumpp said. “I can buy Kellogg’s cornflakes and pay a lot of money, or I can buy the local cornflakes for a lot less.”
Because he’s over 60, he gets discounts on his utilities, doctor visits, public transportation, flights, and even movie theaters.
He’s seen many large condominium complexes built along the beach that sell for about $300,000 with monthly maintenance fees of between $150 and $250. In his area, which has fewer tourists and expats, home prices are much lower, though he said sometimes houses can stay on the market for years without buyers.
His electricity fees are about $50 a month, while WiFi is $40 a month. His water bill is a miniscule $5 a month, and he rarely uses air conditioning, which keeps costs down. Still, he estimates his grocery bills are comparable to what he spent in the US, though going out to eat is slightly less.
“As more and more North Americans come down, prices on certain things like services have gone up,” Stumpp said. “When I first got here, a hand carwash was $2, but now it’s $10.”
He loves the weather and living by water, and he’s enjoyed becoming integrated into Panamanian culture over the past few years. Still, he said he’s noticed a lot of Americans moving down to Panama who don’t adapt to the culture, noting that some have left recently citing cultural differences. He said Americans should understand that they’re guests in Panama and respect their neighbors, even if it means having to listen to loud music during a party.
“If you come down here to retire, it’s not going to be like back home, and you’re going to have to be flexible,” Stumpp said. “There’s some other old-timers here, and those are the ones that can adapt to life here, but there’s those that can’t.”
Have you recently left the United States for a new country? Have you recently moved to a new state? Reach out to this reporter at nsheidlower@businessinsider.com.
The McCauley Springs Fire in the Jemez Ranger District, east of Battleship Rock, is 100% contained at 712 acres.
The fire was reported on Wednesday, June 24, 2026. The Northern New Mexico Zone Type 3 Incident Management Team (IMT), led by Incident Commander Luke McLarty, initially managed the fire before the Southwest Area Incident Management Team 3, under Incident Commander Matt Rau, took over. From June 26 to July 4, this team handled operations, after which command returned to the Jemez Ranger District. Under a Type 4 organization, firefighters worked to cool remaining hot spots and secure firelines, reaching full containment on July 13.
Although the fire is fully contained, visitors should remain aware that burned areas can present hazards. When visiting fire-affected areas, watch for changing conditions, hazard trees, unstable terrain, and other post-fire hazards. Suppression repair work may continue in some locations, and the public is asked to use caution around personnel and equipment and provide crews with plenty of space to work.
A temporary closure order for the burned area remains in place through August 11, 2026. The full order and map can be found on the Santa Fe National Forest website under Alerts. Battleship Rock, Jemez Falls Campground and Group Area, the Jemez Falls Trailhead, San Diego Overlook, and the East Fork Trail from Battleship Rock to Highway 4 will remain closed until further notice for public safety.
A multi-disciplinary Burned Area Emergency Response (BAER) team evaluated the burned area to identify risks to human life, property, and critical resources. Over 80% of the fire was mapped as low soil burn severity, meaning most tree canopies and ground cover remain intact, reducing the risk of erosion and runoff. About 12% of the area showed moderate burn severity, with patchy ground cover loss and some water-repellent soils. Less than 1% was classified as high burn severity, where vegetation and soil were heavily impacted. The full summary can be found on the Santa Fe National Forest website.
For Santa Fe National Forest news and updates visit our website and social media pages (Facebook and X).
About the Forest Service: The Forest Service has brought people and communities together to answer the call of conservation for more than 100 years. Grounded in world-class science and technology — and rooted in communities — the Forest Service connects people to nature and recreation opportunities. The agency manages 193 million acres of public land, supports the nation’s forest industry and energy needs, and operates the largest and most respected wildland fire and forestry research organizations in the world. By providing assistance to state and private landowners and working with tribes and other partners, the Forest Service also helps steward an additional 900 million forested acres within the U.S.
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NEW MEXICO (KRQE) – Some call the multi-million-dollar El Camino Real Heritage Center an architectural masterpiece. Others, however, call it one of New Mexico’s most expensive blunders. In 2021, former Speaker of the House Don Tripp weighed in on the project, “As far as benefit, it really didn’t have any benefit to anybody.”
Taxpayers paid more than $4,000,000 to build it, a few million dollars more to operate it and, now, a half million to tear it down.
The El Camino Real Heritage Center is a history museum dedicated to the historic ‘Royal Road of the Interior’. Established by Spanish conquistadores in 1598, the historic byway extended from Mexico City to north of Santa Fe. Armed with $4,000,000 from the state legislature and the Bureau of Land Management, consultants were hired to find the best place to build the new museum. After studying various locations, they chose a remote spot on the prairie 37 miles south of Socorro.
The experts said, ‘build halfway between Socorro and Truth or Consequences,’ and the museum will draw 100,000 visitors a year, bring in $10,000,000 to the region, and create 174 new jobs. Back in 2004, no one raised a red flag about putting a tourist attraction in an out-of-the-way location. It was only after construction was complete that officials learned the so-called experts were dead wrong. The project was doomed to fail before it even opened its doors. “Who the heck thought it was a good idea to build it where they built it?” State Rep. Gail Armstrong told KRQE News 13 last year.
The state’s newest museum opened in 2005. An estimated crowd of 2000 turned out for the dedication ceremony. Socorro Mayor Ravi Bhasker was there. “We had Bill Richardson out there cutting the ribbon, and then we had the Vice President of Spain come down here with his beautiful wife, and we had dignitaries everywhere. It was exciting,” Mayor Bhasker said.
But the excitement was short-lived. Where the historic El Camino Real trail was in use for three centuries, the museum with its namesake lasted just eleven years. The remote location meant few visitors, meager revenue, inadequate staffing, expensive utilities, and maintenance.
In 2016, New Mexico’s Cultural Affairs Department pulled the plug on the El Camino Real Heritage Center, padlocked the doors, and permanently closed the museum. The parking lot is deserted, tourists are gone, artifacts are packed away, display cases vacant, exhibits dismantled, interpretive panels removed, and the gift shop is bare. All there is to show for millions of tax dollars is an abandoned building on the prairie.
“Eleven years is disgraceful. There was a real failure in this particular project,” the late State Senator John Arthur Smith said in a 2021 interview. We asked the retired Senate Finance Committee Chair, when the history of this project is written, what will it say? “They’re going to shake their head and (use this as) another example of government waste,” the retired Senator Smith said in 2021.
So what do you do with a $4,000,000 deserted building in the middle of nowhere? Time and vandals have taken a toll. The museum was closed and boarded up in 2016, and then state officials abandoned the site. Because little effort was made to secure the empty building, it is no longer habitable. Copper wiring has been stolen. There is significant structural damage, mold, a rodent infestation, and no electricity or lights. Most of the HVAC, electrical, plumbing, water, and septic systems are either obsolete or inoperable.
Faced with a whopping $3.5 million repair bill, the Museum of New Mexico’s Board of Regents made the difficult decision last year to demolish the building. Board of Regent’s President, Dr. George Goldstein, calls the building, “A loss, a huge loss.”
“What a complete waste of taxpayer dollars,” says State Rep. Gail Armstrong who’s District 49 includes the museum site. And what did taxpayers get for their $4,000,000 investment? “Nothing. It just cost them a ton of money. Nothing,” Representative Armstrong said.
This week, a state-hired demolition crew began the task of tearing down the museum complex. Tons of concrete, steel, and glass will be hauled away. The parking lot and nearby caretaker’s house will also be ripped out. The prairie will be graded, reseeded with native plants, and returned to the Bureau of Land Management in restored, pristine condition. The demolition project is expected to take four months.
The El Camino Real museum was planned and built during the Governor Bill Richardson administration. All of the State Legislators involved in the funding of the museum project have since left government service.
Soon, the El Camino Real International Heritage Center will be just a bitter memory. All clues to the existence of a pricey government blunder will have been erased. Pay a visit to the remote spot south of Socorro later this fall, and all you will find will be desert creosote, prairie dogs, and a few rattlesnakes.
CLOVIS, New Mexico (KVII) — A baby giraffe was born at the Hillcrest Park Zoo in Clovis.
The city announced a male calf was born around 1 a.m. Thursday to Jerrica, a Rothschild giraffe who has lived at the zoo since she was born there in January 2012.
Zoo officials said Jerrica, a first-time mother, and her calf are doing well.
Baby giraffe born at the Hillcrest Park Zoo in Clovis, New Mexico on July 9, 2026 (Credit: Hillcrest Park Zoo )
The calf will make his public debut from 10 a.m. to noon Saturday.
“This is a once-in-a-lifetime moment you won’t want to miss! Bring your family, your camera, and your excitement as we welcome the zoo’s newest (and tallest!) superstar!” said the zoo.
Because the calf is male, he will eventually be moved from Hillcrest Park Zoo to another zoo or facility, according to the city.
The zoo plans to ask the public to help name the calf in the coming weeks.
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