Finally, the sellers of all these "paradises" with dengue fever, poisonous tap water and "local and warm culture" have started telling the truth.
Everyone still thinks Latin America is "the cheap option"
I just checked Airbnb for a 1-bedroom, one month, in decent neighborhoods in different cities...
And it is what I suspected:
- 🇧🇬 Varna: €1100
- 🇪🇸 Valencia: €2,200
- 🇬🇷 Athens: €2,000
- 🇨🇴 Medellín: $800
- 🇦🇷 Buenos Aires: $1,300
- 🇵🇾 Asunción: $1,000
Not that different anymore
Rent converged. Food converged. Gyms cost the same in Málaga and Medellín
So where's the actual difference?
Taxes. Taxes make all the difference
- Spain: 45%+ tax, plus €294/month just to work for yourself
- Portugal: NHR is dead
- Italy: don't even ask
- Paraguay: 0% on foreign income
- Panama: territorial
- Uruguay: 11-year tax holiday
Same rent and same coffee prices... But in one area you keep 100% of what you earn, and in the other you keep half
If you make significant money...
The difference is huge