Quote: (03-10-2014 01:09 AM)Excelsior Wrote:
Quote: (03-09-2014 08:35 PM)lavidaloca Wrote:
It actually blows my mind the prices of real estate overseas since I've started to look at it.
This is one of my favorite pastimes. It is nice to know that even if I do not become extremely wealthy by American standards and merely top out at "affluent/well-off", I can still potentially live like a king elsewhere with a palace to match.
While I was in university I was able to experience what living like a 1%er is like by living in Cuba on 3k or so a month. Highest I spent there was 4500 in a month. It was pretty damn good. It also has given me increasing motivation to become successful because I've soon how good I was able to live on that amount.
On a rather mediocre salary in the US you'd be a 1%er in much of the world. With some hard work and a good education you could easily be a 0.1%er in the world.
I'm with you Athlone in that I like to look at property all the time. Personally I limit my searches to Cuba, DR, Colombia, Brazil as those are the countries that are of interest to me at this stage in my life.
The quality of housing available though, and lifestyle available seems to require far less money than it does here. We are lucky to be born in countries where high incomes are very achievable and we can then take advantage of arbitrage by using our high incomes here to be very rich elsewhere.
I doubt that place Cano has in the DR is worth more than 500k based on the properties I looked at in the place where he lives. A middle class American could just about afford to buy a place in the same subdivision as Alfonso Soriano and Cano. That is pretty laughable if you think about it considering they make a few hundred times what the average American makes per year.