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Old 12-25-2017, 11:17 PM
 
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Caracas is very dangerous tho.
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Old 12-26-2017, 01:08 AM
 
Location: Taipei, Taiwan
6,535 posts, read 4,667,075 times
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Quote:
Originally Posted by deneb78 View Post
Why is it not only the list?
Because bad by North American standards doesn't mean it's the worst in the world?
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Old 12-26-2017, 12:19 PM
 
587 posts, read 393,163 times
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Originally Posted by bale002 View Post
Worth noting that people with mobile capital and at least half a brain move out of the cities bolded (many come to Miami and a few other US cities), leaving behind local chieftains and working or unemployed poor, all with less than half a brain and capable of little real production.

Bogota, Buenos Aires or Rio are much wealthier and developed than Hanoi or Mumbai and have growing economies (well not sure about Rio).

Colombia and Brazil are top 15 in the World by foreign investment flows.
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Old 12-26-2017, 12:39 PM
 
Location: Kansas/China
4,524 posts, read 2,291,030 times
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I’m finding some trouble believing some of those numbers. The average annual income in Caracas is $360? The average annual income in Moscow is less then $12K a year? Kiev is less then $3600 a year for the average annual income. I find those numbers hard to believe.
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Old 12-26-2017, 12:50 PM
 
Location: Taipei, Taiwan
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Quote:
Originally Posted by Mattks View Post
Iím finding some trouble believing some of those numbers. The average annual income in Caracas is $360? The average annual income in Moscow is less then $12K a year? Kiev is less then $3600 a year for the average annual income. I find those numbers hard to believe.
It seems true. According to many different sources the average monthly salary in Moscow is roughly 1,000 USD and 300 USD in Kiev. Itís not really surprising considering how epically screwed up and corrupt Ukraine is and itís not like Russia has ever been particularly prosperous. Ruble was halved in 2014 and has never bounced back since.
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Old 12-26-2017, 04:45 PM
 
Location: London, UK
2,404 posts, read 1,239,260 times
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Quote:
Originally Posted by Mattks View Post
I’m finding some trouble believing some of those numbers. The average annual income in Caracas is $360? The average annual income in Moscow is less then $12K a year? Kiev is less then $3600 a year for the average annual income. I find those numbers hard to believe.
These are nominal figures. Hence prone to international currency fluctuations against the US dollar.

Therefore the retail price of local goods and services are not taken into account, for this you would need to look at PPP figures for a clearer picture of cost of living at a local level.

Caracas is the main anomaly but that's to be expected because of chaos and appalling fiscal management by the government of that country. People are dying of malnutrition and basic illnesses because 1. The people can't afford to buy food and medicine on their decimated salaries. 2. Even if they could afford it they can't find these products because the government can't afford to import them due to their completely devalued currency.
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Old 12-26-2017, 05:37 PM
 
Location: NYntarctica
11,257 posts, read 5,736,107 times
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Not surprised to see Philly on there. You essentially get NYC salaries but with 50% the rent costs. Even stuff like going out to restaurants or to drink is way cheaper. It's a very underrated city and a market inefficiency at the moment. Philadelphia=The Amenities of New York, for the price of Kansas City
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Old 12-30-2017, 01:00 AM
 
6,041 posts, read 10,343,670 times
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Universal equation of understanding is to correlate sufficient average annual average wage together with adequate low cost of living. Never take advantage on societyís own rush of economic activity. Is that a legitimate credible source to see the town of Basel in Switzerland on verifiable lists? Even with salaries, San Francisco is at the opposite side of the lucky coin with outrageous troubles. Doha Qatar is quite a spacey bargain with tons of room to spare. For technically receiving number one wealthiest national sovereignty awards recently, I thought that entire situation is going to end up encompassing corruption mishaps. Opposite of original psychic fortunetelling clairvoyance encounters. Never am truly witnessing any overly expensive jump hikes on anything I buy over there. On the contrary, UAE next door is probably not even mirroring these intricate parallels.
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Old 12-30-2017, 03:16 AM
 
Location: Taipei, Taiwan
6,535 posts, read 4,667,075 times
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Quote:
Originally Posted by Pueblofuerte View Post
These are nominal figures. Hence prone to international currency fluctuations against the US dollar.

Therefore the retail price of local goods and services are not taken into account, for this you would need to look at PPP figures for a clearer picture of cost of living at a local level.
PPP figures are a hoax designed to manipulate the masses into believing that their countries don't suck as much as they actually are. You can say how rent and utilities are cheaper in some random dump, that won't change the fact that those places are still dumps where people make slave wages and live without a shred of human dignity.
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Old 12-30-2017, 12:12 PM
 
Location: Ankara, Turkey
401 posts, read 159,161 times
Reputation: 370
Quote:
Originally Posted by Greysholic View Post
PPP figures are a hoax designed to manipulate the masses into believing that their countries don't suck as much as they actually are. You can say how rent and utilities are cheaper in some random dump, that won't change the fact that those places are still dumps where people make slave wages and live without a shred of human dignity.
The prices of identical homes in two countries can be very different. Also prices for items such as food or gas can be very different too. So I think PPP figures can be meaningful.
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