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i have been there and lived in Guayaquil Ecuador for almost a year...i would recommend Guayaquil Ecuador over Panama on my expericnes but Panama is nice too. I felt Safer in Guayaquil. Salinas Ecuador is 60min car drive and has amazing beaches. Very friendly people, very cheap to live. Can get a crazy beach house overlooking the pacific ocean for $40K to $60K. The dollar goes very far in Ecuador...
Good Luck with the move.
***MAKE SURE YOU ONLY TRAVEL WITH $1 and $5 bills. Nobody ever has change of anything bigger ; )
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