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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?

#551

Post by jfrunyon »

mywittyname wrote: post #436
jfrunyon wrote: post #189

Earlier quoted context omitted.

> they can daisy-chain the purchase of multiple properties. They take the first cheonsae deposit and use it to purchase another property And then they have to return the deposit eventually... how is this different from a Ponzi scheme? :P

With a ponzi scheme, there is no underlying investment. So the pool of capital never grows. This Korean system should work in theory. People generally don't move very frequently. As long as there's a liquid market for investments in stocks & bonds, and the housing appreciates in value over the long term, it's not a bad system. Seems pretty favorable to the landlords too. They get $90k up front for a $100k house. Whic…

> With a ponzi scheme, there is no underlying investment. So the pool of capital never grows.

The "pool of capital" never grows here, either. Landlords get more assets (houses), but also more liabilities (deposits).

A Ponzi scheme is perfectly capable of having underlying investments, by the way. I'm pretty sure Madoff bought houses with his money, too.

> Which they could invest for an 8% or so return

Where the heck do you get an 8% return with no risk? I want in.

> The fact that is has been around for so long

How many decades did Madoff's ponzi scheme last?

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

#552

Post by lostmsu »

ornornor wrote: post #543
birdyrooster wrote: post #407

Earlier quoted context omitted.

What in the world? That's incredibly high!!

Not the poster you’re replying to, but it’s not atypical for expats being sent there by their company to live in luxury housing with staff etc. I think this is partly done to entice the expat to move his whole life and family for the company but also to hook the expat up with living way above the standard they could normally afford and so they’re more docile and less likely to quit or make waves.

Where do I send my CV to get that benefit?

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

#553

Post by ornornor »

lostmsu wrote: post #552
ornornor wrote: post #543

Earlier quoted context omitted.

Not the poster you’re replying to, but it’s not atypical for expats being sent there by their company to live in luxury housing with staff etc. I think this is partly done to entice the expat to move his whole life and family for the company but also to hook the expat up with living way above the standard they could normally afford and so they’re more docile and less likely to quit or make waves.

Where do I send my CV to get that benefit?

I’m talking about multinationals sending people around the world, and at the manager level and up (not middle management)

If that’s your position, then I’d think any multinational sending you on a multi year stint abroad would offer that kind of package.

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

#554

Post by lostmsu »

rich_sasha wrote: post #59
burntoutfire wrote: post #19

Poland 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…

As a Pole myself, I’d add two things: it is generally a lovely country, lots of beautiful countryside etc. Less “spectacular”, more “cozy” etc. People are a bit uncertain of new things (eg foreigners in a new town) but generally warm and helpful eventually. That said, I’d you’re not white and straight, small towns could be very unwelcoming, from people staring, to telling you to go, to physical violence. Rare but tru…

What about fiber internet at 1Gbps+?

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

#555

Post by 41209 »

zucked wrote: post #163
keiferski wrote: post #17

I recommend the Balkans, in particular the less touristic countries. Serbia, Bosnia, Albania, Bulgaria are all very inexpensive, safe, have reliable internet, and an abundance of cafes and co-working spaces. Most also have favorable visa conditions for Americans (e.g. Albania lets Americans stay up to a year on a tourist visa.) In terms of cities, I recommend Belgrade and Sarajevo the most. Going further east, Tbilis…

I lived in Albania for three years - it's not at the level of the other countries on this list. It's firmly a developing country - water, electricity and other infrastructure are not great in the capital and degrade precipitously in the countryside and second-tier cities. It's a great place if you're adventurous - if you're looking for stability, it isn't the place for you. Upsides are that Albanians love Americans (…

That actually looks very nice compared to the parts of America I grew up in.

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

#556

Post by IA21 »

asadlionpk wrote: post #443
sq1020 wrote: post #63

Earlier quoted context omitted.

Curious about Pakistan. Are you from there? Which cities besides Murree would you recommend?

I am from there. Hunza is a popular place to visit, the internet is not-so-great. Islamabad is awesome if you want balance between awesome internet and mountains. If you want the best food, go to Karachi.

> If you want the best food, go to Karachi.

Come on man, don't mislead others like this. Everyone here knows you go to Lahore for good food :)

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

#557

Post by asadlionpk »

IA21 wrote: post #556
asadlionpk wrote: post #443

Earlier quoted context omitted.

I am from there. Hunza is a popular place to visit, the internet is not-so-great. Islamabad is awesome if you want balance between awesome internet and mountains. If you want the best food, go to Karachi.

> If you want the best food, go to Karachi. Come on man, don't mislead others like this. Everyone here knows you go to Lahore for good food :)

Lahore makes best donkey biryani, sure.
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