Earlier quoted context omitted.
Risk… you are exposed to the risk of decreasing property values if you buy.
But as a renter, you are exposed to the risk that your landlord won't have your deposit when you are ready to move out. To me, that seems like a bigger risk.
Ask HN: Where can I live off 1k USD per month?
441–450 of 557 posts
Re: Ask HN: Where can I live off 1k USD per month?
#442I 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…
Personally, I wouldn't bother with jeonsae unless somebody else is paying for it (parents, employer, bank), keep your money in your favorite speculative investment instead.
Re: Ask HN: Where can I live off 1k USD per month?
#443Lots of places in Pakistan and India you can do that on $1000 USD a month. If you don't do really well with hot weather you could pick a traditional hill station location (Murree, Darjeeling, Shimla, etc). They have lots of domestic tourism accommodation, I'm sure it wouldn't be impossible to negotiate month-to-month terms with some of the property owners there.
Curious about Pakistan. Are you from there? Which cities besides Murree would you recommend?
If you want the best food, go to Karachi.
Re: Ask HN: Where can I live off 1k USD per month?
#444Earlier quoted context omitted.
Have you actually lived in the US so that you personally know of this 180 degrees of difference? If so, which parts of the US? I ask because the differences between New York City, Tallahassee, Chicago, Columbus, Nashville, Kansas City, Austin, Taos, San Francisco, Boise, Hattiesburg, Denver, Portland, Bar Harbor, etc. are so wildly stark as to be like different countries on many levels (and I say this as someone who…
Really? American culture, architecture, and infrastructure is pretty uniform. I've been to all those places except Bar Harbor and I'd agree maybe Taos/Northern NM stands out due to deep and influential indigenous history. But even there you have to kind of seek out those differences because in town it's stores, restaurants, food, music, etc., that you can largely find anywhere else in the US.
Re: Ask HN: Where can I live off 1k USD per month?
#445My rent per month is about 336USD (live alone), I spend about 400USD per month on foods, and that's because I'm too lazy to eat out that I basically Ubereat everyday. (If you choose Taipei, the cost would be a bit higher, The point to live in Taipei is the convenience and it's more approachable to newcomers)
There's a lot foreigners in Taiwan, so it won't be much trouble to blend in I guess.
We have a excellent control over the pandemic, we welcome you as long as you respect the rules and are willing to self-discipline (especially in this pandemic).
Here I got a Discord server that a lot of members are foreigners in Taiwan: https://discordapp.com/invite/zFBqpET
Re: Ask HN: Where can I live off 1k USD per month?
#446Lots of places in Pakistan and India you can do that on $1000 USD a month. If you don't do really well with hot weather you could pick a traditional hill station location (Murree, Darjeeling, Shimla, etc). They have lots of domestic tourism accommodation, I'm sure it wouldn't be impossible to negotiate month-to-month terms with some of the property owners there.
I’ve been to both Pakistan and India and would not recommend Pakistan. You can’t get things you want in Pakistan, it’s dangerous and to be honest besides the food there isn’t anything to do.
Re: Ask HN: Where can I live off 1k USD per month?
#447Re: Ask HN: Where can I live off 1k USD per month?
#448Come to Taiwan. My rent per month is about 336USD (live alone), I spend about 400USD per month on foods, and that's because I'm too lazy to eat out that I basically Ubereat everyday. (If you choose Taipei, the cost would be a bit higher, The point to live in Taipei is the convenience and it's more approachable to newcomers) There's a lot foreigners in Taiwan, so it won't be much trouble to blend in I guess. We have a…
Re: Ask HN: Where can I live off 1k USD per month?
#449Re: Ask HN: Where can I live off 1k USD per month?
#450Earlier 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…
Seoul & Jeju are probably the most expensive you could find. If you want a big city you can still do Busan, daegu, ulsan etc