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Is US$900 a month enough to live in cairo
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[QUOTE]Originally posted by katrina: [QB] I actually have to agree with this. Come on, LL, homeagain just showed his/her persepctive on things. Actually if it is not helpful to homelessagain, it does give a perspecitve on what to expect if you do expect no change in your lifestyle, i.e. the American lifestyle specifically. So it is useful for other people. In fact I did appreciate reading it. LL, when you said you will be rich on $900/month, you did not specify what you can afford in terms of a basket of goods, while homeagain did. Bbeing rich or poor on $900 is relative, don't you think based on one's standards, as long as $900 is enough to meet min needs in Cairo. That was the cenral question first. Is $900 enough for basic needs? This is really the first most important question: what can you afford with this kind of money? Oftentimes when people say you can live like a king with the same amount of money you make in a less developed country, it is deceiving. I think Homeagain illustrated that. As an example, some may think that just because an average person may make $300-500 a month in Russia (for instance), that somehow purchasing parity theory will hold. Guess what? It does not! In Moscow it costs you thousands of dollars to buy one square meter to own! here you go, it is actually even cheaper to buy a condo in downtown Chicago! Food is just as expensive as in USA, and clothes are even more so. So here, $300-500/month means poverty and purcahsing power parity theory is a bunch of bull in this case. Also, both of you are right: it all depends on objective of being in Cairo. While people have ability to adopt, it is absolutely true to make somebody accept an overseas assignment, they do not expect to change their lifestyle, quite on the contrary to gain in terms of a lifestyle. However, if your retirement goals is to enjoy quiet lifestyle, it may be well sufficient to live on $900/month. Also, come on, Luxorlover, what homeagain described is by far not a "Rockefeller" lifestyle <IMG SRC="http://www.egyptsearch.com/forums/smile.gif"> $5000/month is $60K a year! This is not even a pocket change for Rockefeller types! <IMG SRC="http://www.egyptsearch.com/forums/smile.gif"> [This message has been edited by katrina (edited 28 July 2004).] [/QB][/QUOTE]
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