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220: Marc Faber – Buying Asian Investments & Currencies On The Cheap
The Expat Money Show - With Mikkel Thorup
The Cost of Living in Small Villages in Europe
In Europe if you go to the countryside in Germany Britain and Spain Portugal Italy Sicily. You can buy a real estate very reasonably in Italy they give it to free for you to live in a village. Singapore is saying luxury car crazy but normal cost of living is here reasonable absolutely. Of course the Russian rule that that is its own conversation which we probably don't have time for today.
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Speaker 2
of course the Russian rule that that is its own conversation which we probably don't have time for today
Speaker 1
but I think you know I live in Thailand I can tell you in Thailand recently they have a survey conducted by an organization it was on Bloomberg the cheapest cities to live in number one cheaper city was Kuala Lumpur in Malaysia I don't agree entirely with this view but that's that give you the results of the survey and then the number two three four five six were cities in Portugal and Spain now I don't think that Barcelona and Madrid are all that inexpensive but in Europe if you go to the countryside in Germany Britain and Spain Portugal Italy Sicily along the the Balkan countries you know Macedonia creations or you can buy a real estate very reasonably in Italy they give it to free for you to live in a village yeah we've
Speaker 2
done interviews on this one dollar one euro homes in Italy we've done entire episodes pretty wild
Speaker 1
yes but you have to then do something with it so it's not entirely free but I'm saying the cost of living in small villages in Europe in the countryside is inexpensive in today's economy of internet and so forth you can be anywhere as long as the internet works so I'm mentioning this but there are some cities in Asia also quite inexpensive you know in the countryside Shanghai is the second largest city in Thailand Thailand is the country with I don't know 70 a little bit over 70 million people and it's surprisingly the infrastructure works reasonably well and this as you say it's safe you felt safe in Dubai I feel reasonably safe here not as safe as in Dubai and Abu Dhabi but reasonably safe but anyway I estimate the cost of living here to be about 70 percent lower than in a European or American city not for everything you know the cars are more expensive here than say in America especially if you buy luxury cars like Singapore is saying luxury car crazy but normal cost of living is here reasonable
Speaker 2
absolutely
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