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Ask HN: Where can I live off 1k USD per month?

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Re: Ask HN: Where can I live off 1k USD per month?

#341
post #245

Earlier quoted context omitted.

Off in one direction or just randomly?

Too high. For example, for my home city there is a figure that would be the 90th percentile net salary

I always thought that's by design - that's the cost of a nomad living there for a short period of time

Re: Ask HN: Where can I live off 1k USD per month?

#342
India!

Set up a base in a Tier II City in North India.

Accomodation around INR 10-15K

1GbPS Broadband: INR- 4000 (+ taxes)- This is now GST so you'd consolidated bill.

Excellent 4G services- INR 300 with 1.5-2 GB of data per month. You can also opt for PostPaid.

Living expenses around 15-20K (including trips for groceries+ Uber/Ola- tide hailing). 24 hours electricity- around INR 708 per unit. If you run AirCon for the whole day, youd not exceed around INRO 10k.

I am assuming you have yourself covered for Netflix etc.

The cities are not exactly bicycle friendly- I ride a cycle to work- but you can negotiate your way around.

Re: Ask HN: Where can I live off 1k USD per month?

#343
post #297
post #245

Earlier quoted context omitted.

Off in one direction or just randomly?

In my experience of living in Shanghai, Nomadlist and Numbeo estimates are way too high. That's not to say that rich expats aren't actually paying those prices (someone must've entered them, right?) but if you're willing to shop around and learn the local language so you don't get ripped off like an ignorant foreigner, you should be able to get things much cheaper.

> but if you're willing to

Isn't this just capturing the difference between short(ish term vs long term relocation? Places like Nomadist are aimed at the first category, not "what's the cheapest you can live in city X", no?

Re: Ask HN: Where can I live off 1k USD per month?

#345

If you're happy in a share house, you could live on that in Aus, albeit frugally. Though if you wanted to live outside the cities you could get rent down to $600AUD, and leave you $800AUD to live on, $200 a week for everything else is stacks.

This was me for 10+ years from leaving home through uni to early career. I lived 2km outside of the Brisbane CBD in a really nice neighbourhood on less than 1000AUD a month. It was enough money that I could eat well, afford beer and go out on the town every now an again.

The cost of share housing hasn't gone up by a huge amount either. I am currently renting out the down stairs of my house (its dual living) for $150 a week per room (2 rooms). Each room gets a 2nd study room as well. Again this is in a nice neighbourhood about 2.5km from the CBD.

Re: Ask HN: Where can I live off 1k USD per month?

#346

How long? I spent 4 months in Vietnam in 2007 in HCMC. Rent was $300/mo for a sweet pad down the street from the Ben Thanh market. Food was $400/mo, and I didn't cook much at all because street food is cheap and delicious. However, I'm not sure how this would work out long term, like decades. I couldn't commit to living in a country like that full time. The language barrier would be overwhelming, and I did get tired…

Lived there for roughly a year. Short term I cant think of anywhere better, the country is within the OPs budget and offers metropolis cities, to tropical beaches. The food is good, and the culture is fascinating - if thats your kind of thing & are prepared to be open minded.

Long term, I share the same sentiments and felt it was time to leave after a hell of a year. On reflection, that year was probably on of the best of my 30+ years on this planet.

I sometimes think of doing it all again, going into an unknown culture and winging it. You learn a lot about yourself that way. Good luck to OP whichever country he chooses!

Re: Ask HN: Where can I live off 1k USD per month?

#348

Earlier quoted context omitted.

Giving that much money to a landlord is absolutely terrifying to me given the history of landlords I’ve had. I’d much rather own the property and deal with any transaction costs associated with selling.

Basically, nobody wants to admit that their own country's long established and respected systems are ponzi schemes. Many South Korean landlords are underwater on a bad investment and use the next renter's deposit to pay out the last. Citation not possible. The point of the system was to spur investment in the south korean economy.

next question: how would one go about betting on Korean residential mortgage credit spreads as an American retail investor?
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