Currently there are beautiful new base housing under construction near the marina. If you get a chance to live on base then I say, absolutely be willing to accept!
Housing on the local economy:
RENT, RENT, RENT is your best and by far your safest option in the Panama City area.
Renting is a pretty good deal right now as the price of homes are steadily falling and many are for sale.
Renting in Panama City gives you the flexibility to live near the base without concerning yourself with the local plummeting property values or local politics.
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