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Quito, Ecuador...oldest city in the Americas...breathtakingly gorgeous scenery. Almost perfect climate...70's daytime, 50's at night, all year because it's on the Equator. Ecuador is rated one of the 10 best retirement destination countries in the world. I had a client who lived in Quito for several years and he raved about it. The cost of living is dirt cheap. You can live like a king or queen on very little money. Only drawback is the elevation...it's over 9,000 feet high in the Andes. Not for anybody with respiratory issues.
I lived in Quito for 4-1/2 years and it is a beautiful place indeed. We visited some friends there a year ago, and as much as I love the place and the people, I can't imagine living there. We heard of a couple who moved to Cuenca, Eduador - without ever having visited before because of the cost of living and the climate. I just can't imagine leaving everyone I know and moving to a different culture like that.