Where im located in the U.S. the cost of living is too high. My income is generated online which means I can do my work anywhere in the world. So I need help...WHERE DO I MOVE? Where can I benefit and live a good life? Where can I preserve my income the most?
Here are a few places Ive been thinking of In order from 1st choice to last:
1. Philippines (First choice)
2. Thailand
3. China (Getting expensive/Last choise)
4. Mexico (Last choice)
At some point I will want to purchase a house, but I understand that a few of these places will not allow me to own land, only own the house which is fine....BUT.... then there is property tax to take into consideration.
I found that FOOD would be cheapest in (Philippines)
Renting and buying property would also be lowest in (Philippines)
Philippines however I THINK, but I AM NOT SURE, CORRECT ME
IF IM WRONG, has one of the highest amount of property tax and is insane. I dont know the exact % can someone pls tell me?
Bottom line is If I choose to go to the PH I will have to consider pretty much renting my whole life? If I dont want to pay property tax that is.
Thailand would be the same as Philippines except that its about 40-50% more expensive to live there than PH. Upside to owning property is that property tax is 12.5% much cheaper than PH?
Many ppl say renting is the way to go rather than to buy a house, but then I p**s away my money in away by renting because in the end I have no assets.
So...do I give up my dream of owning a house? Because I cant fathom paying $10,000/year or more in property taxes. Thats just like renting in a way..only this way you get to say you own it...and you can make any types of changes you want.
Legally is there any way around this? Are there places where I can just own a house clear free and not have to pay anything but water/electric?
Or something a long the lines of $2,000-$3000/year/less?
I didnt know owning a home could be more of a pain than a blessing.
Anyone have some good advice? Where to move, how to live?
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