” Can live well for less.”
Until you can’t. Those Latin American countries aren’t known for their political stability. Sandinistas and all that.
The biggest problem would be the American dollar....and btw, there is more stability in certain Central American countries than you suspect. This is not a new industry. There’s been stability in Costa Rica in the past 30 years than we can look forward to here in the next 30 - THAT THE POINT.