Discuss issues related to business, finance, taxes, investments, cost of living in different countries, etc.
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Good video from American in Bangkok. He thinks these days in Thailand you need close to $2000 US to live reasonably well. $1000 is doable (perhaps) but $2000 is where its at. Everybody's miles will vary but the thing to keep is mind is that world is getting wealthier, rapidly. How long before $2000 is the bottom line in places like the Philippines? It has the fastest growing economy in Asia.
As a bottom line I'd need about 1500 USD in China and Taiwan...1200 in Indonesia and just as way of comparison 1000 in Argentina - but I'm better at living cheaply there. I'm talking about being single and living in an apartment in a big city. In Argentina I'd be in a shared house.
I'm making it with around $600 in vietnam haha, $350 small flat in a really nice area + $100 Groceries and eating out + $10 gas lol + others
But that's because i haven't done a lot in the last couple months. With some light traveling to other cities I was spending about $800.
But if one really wanted to squeeze the pennies here, you can get by with a $100 room in an not so nice neighborhood and getting cheaper food etc.
Probably the absolute minimum would be $300/month, an order of magnitude below $2000, but obviously not that comfortable for most westerners.
The thing is that AAIB has a family so that's a whole different story.
It is true though, that real estate is getting crazy in Asia. Locals have options, but places that are more modern and above 100m2 are very expensive, pretty much there is no ceiling as to how much you can spend in accommodation. I've seen listings for $2000 - $5000/month in China
1)Too much of one thing defeats the purpose.
2)Everybody is full of it. What's your hypocrisy?
If you get outside of the major cities in third world countries the cost of living can be a lot lower.
"If you live in Manila, yeah it's expensive. But I've lived in Angeles City for years spending $400 a month."
American in Bangkok lives in Bangkok plus he has a family to support.
Having a nicer place and more money makes you more desirable and makes sealing the deal easier. A girl sees a high rise view, premium shower, and marble countertops and those panties drop. But you can certainly get by on less if you just want to GTFO the West and live elsewhere.
2,000 U.S. dollars is what most English teachers can expect to receive in salary in China. You can live comfortably with that here, except in the expensive Tier 1 cities like Shanghai, Shenzhen and Beijing. You will need closer to 2,500-3000 in those places.
With 2,000 U.S. dollars, you can live like a king in most of S.E. Asia. First world Asian countries such as Korea, Taiwan, Japan, Hong Kong and Singapore, require Western standards of salary, so you won't be able to live comfortably in those places with that kind of salary.
Actually, Taipei stands out from other developed world Asian capitals for being significantly cheaper if you know how to achieve value for money there. I could live comfortably in Taipei for $1,000 - 1,200 per month.
[quote] Actually, Taipei stands out from other developed world Asian capitals for being significantly cheaper if you know how to achieve value for money there. I could live comfortably in Taipei for $1,000 - 1,200 per month. [quote]
Sure, but without paying rent? Or maybe you could living in a shared house. Back in NZ one thing I really miss is going out for breakfast like I did in Taipei. I used to spend $3.70 USD for a decent coffee and sandwich at a cafe. Here, it's not so much that the coffee is expensive, but the sandwich is going to be about $6 bucks at least.
I've earned $2000 dollars a month in China a couple of times, in 2004 in Wuhan - in fact I think I got around 2500 - I just couldn't spend that cash! I came out of an academic year there of 10 months work with 16000 USD. That allowed me to visit Europe, North America and South America for the first time. I didn't like the city of Wuhan much though.
Fast forward to 2007 in Shanghai, I got about 2000 USD - but I could blow that quite easily as I had a bunch of mates who went out boozing often. I also worked somewhere without easy subway access, so caught taxis to work. I had a two bedroom, two bathroom place in Pudong for 400 USD - it was in an old building - but I bet that's hard to come by these days!
It's interesting to read that Zboy reckons you need 2500 - 3000 to live in Shanghai or Beijing to live well these days, wow...those place have just gone up and up in price. I wonder if it's worth trying to live in those cities unless on a nice expat package, there are so many other options out there
Speaking of Shilin area of Taipei, it's expensive to buy property, but relatively cheap to rent.
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