Thursday, July 7, 2011

Expensive city

Luanda, Angola. A city name I spell off hand. The first time I heard of it is today. On Mercer ranking of world's most expensive city. It rank first.

Angola city. An African country. Rank first. Topping over Tokyo, London, Zurich.

Why?

I google for the answer.

Growing country. Expanding economy. Oil exporter. #1 oil exporter from Africa continent.

A 50sq metre house (~530sq feet) rent cost euro 2000 = Hkd 22,000 = Sgd 3,500 = Rm 7,000. @___@.

Don't think I can afford such exorbitant rental myself. Even if husband n I work our ass off, we still can't afford.

Wonder how those middle n lower income groups survive the pressure?

Similar to major cities, the rich poor parity gap is as big as distance to antartica.

Their rich can afford to ship in a car n fly it to another country for repair. Fly out to Europe for weekend. Buy properties around the world as he likes.

What I like to do is also to invest in property! Is a freedom to grow wealth. #breathe in.





Adding Luanda to my travel destination.. BlogBooster-The most productive way for mobile blogging. BlogBooster is a multi-service blog editor for iPhone, Android, WebOs and your desktop

No comments:

Post a Comment

LinkWithin

Related Posts with Thumbnails