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i live in a big tourist city (miami) and we have so many tourists especially from south america that come here just to shop. they say its expensive to purchase name brands in their city, so when they come here they buy ALOT. is america the most inexpensive place to purchase name brand eletronics, clothing, etc?
We experience the same thing in Texas with visitors from Mexico. It's not just the price, many of the products can't be bought in those countries or are in short supply. I would guess it's caused by high tariffs on imported goods and high cost of doing business in those third world countries.
Real simple cheap dollar relative to their home country. My European cousin bought all of her wedding dresses/bride gowns in America shipped to us, then reshipped to her. Savings of about 1k
Real simple cheap dollar relative to their home country. My European cousin bought all of her wedding dresses/bride gowns in America shipped to us, then reshipped to her. Savings of about 1k
^^
Media often shows the dollar compared to other weak currencies.
Compare it to some of the stronger currencies out there and it'll help put things more into perspective...
Real simple cheap dollar relative to their home country. My European cousin bought all of her wedding dresses/bride gowns in America shipped to us, then reshipped to her. Savings of about 1k
It's not that simple. Even countries with weaker currency have higher prices for many items. A good portion of the goods sold in the US are subsidized either directly or indirectly by the government. Transportation/shipping costs are an example how goods are indirectly subsidized.
Tourists come here to shop for cheap imported goods. Mexicans of course don't have to pay sales taxes on what they buy in the USA which makes it even cheaper for them to shop here.
It's a complicated set of factors ranging from competition, low sales taxes, low tariffs, non-existent luxury taxes, lower wages for sales staff, cost of doing business, and pricing from corporate.
The US market is,for various reasons, deemed to be willing/able to pay a lower cost versus other countries. That's why a Burberry suit costs $900 vs £900 ($1,470) in the UK. Or why an Xbox is cheaper in the US versus Australia.
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