Earlier quoted context omitted.
That sounds like the reasoning used in the US before the big 2008 housing market crash.
The US is not #3 in population density. ;)
That doesn't matter, it's just a matter of time before it crashes imo.
Ask HN: Where can I live off 1k USD per month?
471–480 of 557 posts
Re: Ask HN: Where can I live off 1k USD per month?
#472Earlier 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.
> so you don't get ripped off like an ignorant foreigner
Interesting framing
Re: Ask HN: Where can I live off 1k USD per month?
#473Earlier quoted context omitted.
Which, unless I am terribly wrong, involves ideographic characters and not alphabetic. This should be a major obstacle.
The written language is Traditional Chinese.
Exactly. I can recommend the work for Shaolan, Chineasy, for having the basics for Chinese language ideograms - and she is from Taiwan.
Unfortunately, if ideograms is all you have in the place, it will take quite some time and effort to be proficiently integrated.
Re: Ask HN: Where can I live off 1k USD per month?
#474Croatia, Istria
https://www.youtube.com/watch?v=NnJldCAW0rM
Re: Ask HN: Where can I live off 1k USD per month?
#475Earlier quoted context omitted.
Is that true even for visiting? I am Indian and have wanted to visit Poland and the region for quite a while. I did find rural Germany quite ok except communication.
You’ll be fine for sure in touristy areas and big city centres. There are Indian people living and working in Poland, so it can’t be too bad. Right wing media say nothing of racist attacks. Left wing media describe them all the time. There are vocal nationalists, most of whom never go past their grumblings. I raise it as I’d be somewhat concerned sending a non-white or job-straight friend into rural Poland. If you lo…
Ok. Thank you so much for the advice.
Re: Ask HN: Where can I live off 1k USD per month?
#476Go to Buenos Aires.
Programming is draining on the brain and you need a way to disconnect from your project in order to rest your mind. Tango will provide you with the much needed balance.
This way, you can code during the day, socialize/move your body during the evening at tango classes or practicas and maybe have a great time at a milonga (tango party) once a week.
When you get back to US, you will also come back with a great body skill.
Re: Ask HN: Where can I live off 1k USD per month?
#477Earlier quoted context omitted.
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.
Low corruption is not a reasonable description of any of the Balkan countries. Croatia is a little bit better than Serbia, Montenegro and Albania, but on corruption indexes is still considered to be one of the most corrupt countries in Europe.
This is really not something that a tourist / remote worker will ever experience.
Re: Ask HN: Where can I live off 1k USD per month?
#478Sort of a side tangent, but what is the best way to go about choosing a place (even in the US) to live? Aside from budget ofc.
I would say it comes down to personal preference. I love nature, I would love to live near mountains with relatively safe animals around. Some might love being near the water, and some in city environment. To live in the U.S. for $1000 somebody really needs to stick to strict living because starbucks cost the same everywhere etc.
That's fair - I've been working fully remote for ~5 years now and I'm trying to decide where to move (not under the same constraints as OP though)
Re: Ask HN: Where can I live off 1k USD per month?
#479Earlier quoted context omitted.
Maybe I'm missing something here, and I just read the Wikipedia article you linked. If the landlord takes the cash and buys the property, then the cash is gone and there is no cash to get interest on. Does the landlord just pocket the property appreciation?
In a way yes. But its also using leverage to amplify your gains. Say I get $90,000 to go buy a house, I spend the $90,000 and have 1 door. I get a tenant in it and they make a $90,000 down payment. I then go buy another house and get another tenant in it and they make a $90,000 down payment. I now have two houses and still have the same amount of money I started with, I can continue this cycle and as long as property…
What happens if two or more tenants want to move out at the same time? With the strategy you describe the landlord only has cash for one reimbursement.
Re: Ask HN: Where can I live off 1k USD per month?
#480Earlier quoted context omitted.
Maybe I'm missing something here, and I just read the Wikipedia article you linked. If the landlord takes the cash and buys the property, then the cash is gone and there is no cash to get interest on. Does the landlord just pocket the property appreciation?
In a way yes. But its also using leverage to amplify your gains. Say I get $90,000 to go buy a house, I spend the $90,000 and have 1 door. I get a tenant in it and they make a $90,000 down payment. I then go buy another house and get another tenant in it and they make a $90,000 down payment. I now have two houses and still have the same amount of money I started with, I can continue this cycle and as long as property…
This feels like it should be illegal. Just by random chance there will be a point in time where enough tenants ask their deposit back at the same time, and you enter one big economic crisis. Of course, banks also have this risk of a bank run, but the difference is that big banks are tightly regulated and have a strict reserve rate they have to abide to (usually >5%). I wouldn't trust a big population of landlords who manage their own finances, and have a big incentive to cut corners.
If anyone knows a method to short Korean housing, please let me know!