Earlier quoted context omitted.
> One reason landlords like the system is because they can daisy-chain the purchase of multiple properties. They take the first cheonsae deposit and use it to purchase another property, then use the cheonsae deposit from the 2nd property to purchase a 3rd property, and so on... That sounds like it’d be a disaster during a liquidity crunch.
It becomes a too-big-to-fail system, with the government stepping in as needed (implicit subsidy).
Ask HN: Where can I live off 1k USD per month?
381–390 of 557 posts
Re: Ask HN: Where can I live off 1k USD per month?
#382Re: Ask HN: Where can I live off 1k USD per month?
#383Earlier quoted context omitted.
Which levels of security will you find in Croatia - including appropriate behaviour of public officers, such as the police? Also - how widespread is the understanding of the English language?
From what I understand it is very safe and fairly low corruption. English is widespread, especially in cities and costal towns with tourism. It is an absolutely gorgeous country, very Italian in character, but minus the chaos and cheaper as well.
Re: Ask HN: Where can I live off 1k USD per month?
#384Poland is doable if you stay out of major cities. You can rent a studio for $300 (incl. all utilities). Food, if you cook, will cost you $200-$250 ($300-$400 if you don't cook and want to eat out only). Wired Internet and cell phone will be around $20. State-provided health insurance is about $120 per month (this is "socialized medicine", so it provides everything with no deducible, up to treating cancer etc.), but c…
Re: Ask HN: Where can I live off 1k USD per month?
#385Earlier quoted context omitted.
Just for the record, I don't think that South Korea is particularly cheap. As OP demonstrates, one can live there for USD 1000/month, but that really holds for most countries. While the US is in the top 5% in terms of nominal GDP per capita, South Korea is in the top 15%. For cheap, yet comfortable and safe, I'd aim around the median, eg Indonesia or Georgia. ETA: Nomadlist suggests €1,925/mo for Seoul, €1,530/mo for…
Since you seem to be informed here, how would one look for places like this that are explicitly not hot & humid, or nearly tropical locations? Effectively a climate and geography filter on this site with "has winters, mountains, summer highs typically < 90 degrees"
Re: Ask HN: Where can I live off 1k USD per month?
#386Earlier quoted context omitted.
Serious Question: are there parts of South Africa that aren't dodgy? After the recent riots in Kwazulu-Natal, it seems kind of wild.
Yes there are. Tons. I live in South Africa and feel completely safe. And I don't live in a security estate either. It's not as crazy as what you see on the news. It is however all about location.
Re: Ask HN: Where can I live off 1k USD per month?
#387I live in Korea. Some months my total expenses are as low as $400 while living comfortably. If I spent $1000 in a month, I spent a lot of money. I'd say my average monthly living expenses are $600-$800. My main expenses are food/entertainment, and I eat out a lot (50% of meals). Housing is probably the biggest living expense. I take advantage of Korea's interesting rental system called Cheonsae: Basically, if you put…
If I was going to live in a Major city anywhere,Seoul would be in the top 2 along with Tokyo
Re: Ask HN: Where can I live off 1k USD per month?
#388Mexico is a great option. It’s extremely cheap, has great food, the language isn’t too hard to learn, and it’s a lot safer than people think, as long as you stay in specific areas.
which areas?
Petty crime is always on the table though.
Re: Ask HN: Where can I live off 1k USD per month?
#389Earlier quoted context omitted.
Since you seem to be informed here, how would one look for places like this that are explicitly not hot & humid, or nearly tropical locations? Effectively a climate and geography filter on this site with "has winters, mountains, summer highs typically < 90 degrees"
Both Korea and Georgia would fit the bill here, except maybe the midsummer months, which are pretty hot & sweaty in Seoul. You may be able to take the edge off by living at higher altitude or by the sea.
Re: Ask HN: Where can I live off 1k USD per month?
#390Earlier quoted context omitted.
But why couldn't the renter use the deposit to buy a house instead?
Risk… you are exposed to the risk of decreasing property values if you buy.