Costa Rica Open

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Costa Rica Golf open features many players that could have been playing on the PGA circuit but for a couple of missed putts.

One such example is Clark Burroughs that is playing out of the Cariari Country club in San Jose. He is currently sharing 8th place in a very tough field.

Update on tournament

PLAYA CONCHAL, Costa Rica – Rob Grube fired a 5-under 66 to hold a one-stroke lead over Martin Ureta, Sebastian Saavedra and Canadian Chris Baryla after the first round of the Costa Rica Classic.

Sharing fifth spot at 68 are Kris Wasylowich, Juan Ignacio Gil and Daniel Escalera.

In a share of eighth after opening with 69s are former PGA Tour player Clark Burroughs, Josh McCumber, Marcel Haremza, Diego Larrazabal, Luciano Dodda and Robert Gates.

”I got off to a tough start as I bogeyed my second hole, but felt pretty relaxed all the way,” said Grube, who is playing in his sixth Canadian Tour event after finishing a stellar collegiate career at Stanford.       ”I got a couple of putts to fall and kept the momentum going from there.

”I drove it very well. I think I missed only one or two fairways. The rough is tough here and if you are not in the fairway it is difficult to score.”

After his sluggish start that had him one over par through four, Grube put on a clinic of fairways and greens and a hot putter that saw him drain four birdies and one eagle the rest of the way.

”I believe I made everything I should have; nothing long or incredible, but I made every putt within five feet and almost every putt within ten. It was just a solid round.

”It’s a great course that we’re playing. There’s a lot of water and hazards, with several risk-rewards opportunities out there. If you are brave and you are feeling good, you can go and make some eagles and birdies. However, if you don’t hit a good shot you’ll be punished by bogeys pretty quickly.”

There were nineteen players who broke par at the Robert Trent Jones designed golf course in the opening round.

Good report on Costa Rica from head of International Monetary fund

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 During his visit to Costa Rica, the head of the International Monetary fund stated Thursday that Costa Rica is financially sound due to good economic policies.

Dominique Strauss Kahnn cautioned that no country is immune from the impact of the world financial crisis and that the international monetary fund is standing by in case Costa Rica needs aid.

If one is to visit the malls here, it doesn’t appear they are affected as yet because there isn’t parking space, no spectacular discounting like the USA and the restaurants are always jam packed.
The Costa Rica Real Estate industry is feeling the impact of the USA crisis as it has evolved to the worst in the history of America.

The Costa Rica Real Estate industry is trying to fight back with special promotions by redesigning product at lower retail price points. The problem is the investor is too preoccupied and have taken a hold stance.  People are totally frozen and cannot make a move at this time and understandably so.

As a result, inquiries for property have dropped significantly and naturally so.  We are finding pockets of buyers that look to parking money safely in Costa Rica Land. Their attitude is that they can hedge doing this as it can be sold in any currency they choose and it certainly will be there in two or three years.

The Costa Rica Retirement market is still very much alive but fewer. For the time being anyway they are showing the same preoccupation and caution.

We will have a better prognosis of the situation once Obama is in full swing and being tested. People react like the markets, on perception and the Baby Boomer is still lurking out there.  Costa Rica is still the number one offshore destination for retiring Americans and that is a big plus for us.