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(Gizmodo)   The most expensive city in the world, according to a ranking based on housing, food, clothing and other living expenses, is not New York, San Francisco or London. It's Luanda, Angola   (gizmodo.com) divider line 46
    More: Interesting, San Francisco, Angola, New York, public housed, household goods, expenses  
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5225 clicks; posted to Main » on 01 Aug 2013 at 1:42 PM (37 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



46 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest
 
2013-08-01 01:43:48 PM
Boobies!
 
2013-08-01 01:47:44 PM
I don't want to live there either.
 
2013-08-01 01:47:59 PM
I thought it was Tokyo.
 
2013-08-01 01:48:28 PM

troggy: Boobies!


Boobies are expensive, no doubt, but I personally don't put them in the "rent and living expenses" category.

Mercer looked at 214 cities and created a ranking based on the cost of housing, transportation, food, clothing, household goods, and entertainment.

I guess technically they're "entertainment"...
 
2013-08-01 01:48:34 PM
Well damnit, I guess that means I cross it off my list of places I planned to retire.
 
2013-08-01 01:49:57 PM
They do have nice sweaters.
 
2013-08-01 01:53:12 PM
I thought it was some unpronounceable city in Iceland.
 
2013-08-01 01:54:59 PM
That article was absurd -- it's like they threw a dart board at expensive rental listings from those 10 cities.  There is no rhyme or reason to it; some of their examples are studio, others are villas.  All I take from it is that there's some overpriced real estate there.
 
2013-08-01 01:57:57 PM

AeAe: I thought it was Tokyo.


It seems that they're looking at actual apartment buildings, not just any old hovel that people live in; I suppose it would be extremely difficult to get one of those in Angola, and that they probably only build them for wealthy businessmen or officials.  So the average Luandan probably spends very little on housing, but you wouldn't want to rent the type of quarters that the average Luandan lives in.
 
2013-08-01 01:58:00 PM
This two bedroom duplex in D.C. rents for $12,017 a month.  It's the $17 that kills the deal for me.

cdn.realtydatatrust.com
 
2013-08-01 01:59:32 PM
That price in Angola probably includes three layers of armed guards.
 
2013-08-01 02:03:16 PM

AeAe: I thought it was Tokyo.


I would have guessed it was Oslo.
 
2013-08-01 02:05:24 PM
I'm guessing it mostly applies to people who are foreigners and/or oil company employees who live in luxury condos in heavily guarded neighborhoods and import most of their food and water.

From what I heard you have to drink bottled water in Angola as the local tap water is barely fit to wash in, let alone drink. That includes ice cubes.

/ Heard it from a friend who works in oil
// Apparently, it sucks there but you can make big money.
/// Enough to feasibly retire at 35 so he says
 
2013-08-01 02:09:21 PM

wildcardjack: That price in Angola probably includes three layers of armed guards.


That's Angola Louisiana.
 
2013-08-01 02:09:30 PM
the expensive part is importing all the whores, that is what drives up the bottom line
 
2013-08-01 02:10:33 PM

1000Monkeys: I'm guessing it mostly applies to people who are foreigners and/or oil company employees who live in luxury condos in heavily guarded neighborhoods and import most of their food and water.

From what I heard you have to drink bottled water in Angola as the local tap water is barely fit to wash in, let alone drink. That includes ice cubes.

/ Heard it from a friend who works in oil
// Apparently, it sucks there but you can make big money.
/// Enough to feasibly retire at 35 so he says


At a certain point, the suckiness outweighs the huge amounts of money.
 
2013-08-01 02:23:33 PM
You folks have no idea what a fortified compound costs these days. The sniper towers alone are $300k each.
 
2013-08-01 02:29:58 PM
1000Monkeys:
I'm guessing it mostly applies to people who are foreigners and/or oil company employees who live in luxury condos in heavily guarded neighborhoods and import most of their food and water.

From what I heard you  have to drink bottled water in Angola as the local tap water is barely fit to wash in, let alone drink. That includes ice cubes.

/ Heard it from a friend who works in oil
// Apparently, it sucks there but you can make big money.
/// Enough to feasibly retire at 35 so he says


This. These aren't rates locals are paying.  Basically, it's usually a capital city of a developing country whose economy is growing and there is a need for multinationals to send their people there.  The company is footing the bill and so the monthly rent doesn't really matter.  Further, the supply of first world housing is woefully inadequate, so the owners of such apartment buildings will charge a ton of money. Often these places are already furnished (bumping up the price more) and have a ton of security.

I've seen this a lot in East Asia.  It's no surprise certain African cities would be even more expensive.
 
2013-08-01 02:30:13 PM
These come out every year and the asterisk next to all of this is....

The most expensive city for expats to live in.
 
2013-08-01 02:30:50 PM
Some of the monthly rental prices on that list are a bit high for their area (go media drama!), but does anyone on Fark really understand how all of this works?

1. Get a real job. (IT janitor doesn't count)
2. Don't spend 96% of your monthly income on cable television and multiple WOW accounts.
3, Make sure your monthly expenditures are no more than 30% of your monthly income. This leads to saving money. (you might have to google that term)
4. Purchase properties that most Farkers can't afford.
5. Rent said properties for 5x what you are paying.
6. Profit

Its funny how so many farkers don't get how this works.

/what level is your main?
 
2013-08-01 02:40:31 PM

I Like Shiny Things: 5. Rent said properties for 5x what you are paying.


Sure, that's a neat trick.
 
2013-08-01 02:41:02 PM

I Like Shiny Things: Some of the monthly rental prices on that list are a bit high for their area (go media drama!), but does anyone on Fark really understand how all of this works?

1. Get a real job. (IT janitor doesn't count)
2. Don't spend 96% of your monthly income on cable television and multiple WOW accounts.
3, Make sure your monthly expenditures are no more than 30% of your monthly income. This leads to saving money. (you might have to google that term)
4. Purchase properties that most Farkers can't afford.
5. Rent said properties for 5x what you are paying.
6. Profit

Its funny how so many farkers don't get how this works.

/what level is your main?


img.pandawhale.com
 
2013-08-01 02:48:18 PM

Quantum Apostrophe: I Like Shiny Things: 5. Rent said properties for 5x what you are paying.

Sure, that's a neat trick.


So is spending a total of 30% of your income.
 
2013-08-01 02:52:18 PM
snltranscripts.jt.org
 
2013-08-01 02:54:34 PM
There you go hipsters.
 
2013-08-01 02:57:34 PM

dryknife: wildcardjack: That price in Angola probably includes three layers of armed guards.

That's Angola Louisiana.


Would laugh again.
 
2013-08-01 03:02:46 PM
"Singapore. Average monthly rent: $3,795. $45,080 for old villa" Seriously? That's an amazing price, I mean look at the place. Hell, with 3 roommates you could live like kings for a very reasonable rent.
 
2013-08-01 03:07:08 PM
The kerosene record player is not a very efficient device...
 
2013-08-01 03:13:31 PM

kidgenius: These come out every year and the asterisk next to all of this is....

The most expensive city for expats to live in.


I was just going to point out how horrible everyone's reading comprehension was, then I read the article and realized all fault lies with Gizmodo and whichever "count to potato" chimp splooged this half-assed article out.
 
2013-08-01 03:19:11 PM

TFerWannaBe: Quantum Apostrophe: I Like Shiny Things: 5. Rent said properties for 5x what you are paying.

Sure, that's a neat trick.

So is spending a total of 30% of your income.


Maybe he 3D printed that rental property?

Anyways, I'm far smarter than Shiny Things, I rent for *six* times what I am paying. Ah ha ha ha ha ha!!!!!
 
2013-08-01 03:28:44 PM

TFerWannaBe: Quantum Apostrophe: I Like Shiny Things: 5. Rent said properties for 5x what you are paying.

Sure, that's a neat trick.

So is spending a total of 30% of your income.



Its kind of sad that you think that is so unattainable.

Its in your best interest to realize that is how to not be poor, pun intended.
 
2013-08-01 03:34:38 PM

I Like Shiny Things: TFerWannaBe: Quantum Apostrophe: I Like Shiny Things: 5. Rent said properties for 5x what you are paying.

Sure, that's a neat trick.

So is spending a total of 30% of your income.


Its kind of sad that you think that is so unattainable.

Its in your best interest to realize that is how to not be poor, pun intended.


Living expenses, not including discretionary, make up half to two-thirds of most peoples' income. Your budget appears to based on living on Welfare or in mom's basement.
 
2013-08-01 03:37:21 PM

I Like Shiny Things: Some of the monthly rental prices on that list are a bit high for their area (go media drama!), but does anyone on Fark really understand how all of this works?

1. Get a real job. (IT janitor doesn't count)
2. Don't spend 96% of your monthly income on cable television and multiple WOW accounts.
3, Make sure your monthly expenditures are no more than 30% of your monthly income. This leads to saving money. (you might have to google that term)
4. Purchase properties that most Farkers can't afford.
5. Rent said properties for 5x what you are paying.
6. Profit

Its funny how so many farkers don't get how this works.

/what level is your main?


Getting a job can be difficult in a third world country where a majority of the population doesn't have access to good education or skills development.

And it's too bad that our world thinks that being a janitor is more shameful than being a real estate tycoon/slumlord.  Janitors provide a necessary service of cleaning up after people who don't take the time to clean up after themselves.  Even if they don't have as much ambition as a Supreme Court justice, they still deserve respect.
 
2013-08-01 03:40:31 PM
It's most expensive for ex-pats.  They charge foreigners out the wazoo for rent and use some of that money to house their own people.  I remember reading this 10 years ago.  Not news.
 
2013-08-01 03:48:40 PM

Gordon Bennett: AeAe: I thought it was Tokyo.

I would have guessed it was Oslo.


Trondheim was more expensive than Oslo. The whole damn country is too expensive. Of course, you DO make good money while you're throwing it all away...
 
2013-08-01 04:06:43 PM

TFerWannaBe: I Like Shiny Things: TFerWannaBe: Quantum Apostrophe: I Like Shiny Things: 5. Rent said properties for 5x what you are paying.

Sure, that's a neat trick.

So is spending a total of 30% of your income.


Its kind of sad that you think that is so unattainable.

Its in your best interest to realize that is how to not be poor, pun intended.

Living expenses, not including discretionary, make up half to two-thirds of most peoples' income. Your budget appears to based on living on Welfare or in mom's basement.


Even then you're still tight.

I'm in Computer Science, home of the 6-figure income straight out of college.

Here in the Bay Area, I'm paycheck to paycheck on $50,000 of take home.
In Michigan, I'd take a $10,000 pay cut to crash on Dad's couch.

So ~$3,500/month in take home.  30% is ~$1,000

Car would be $400/month.  Insurance would be $350 (Yay for no-fault).  Admittedly, I'd have been more likely to go used (since I wouldn't have needed to trust the car to go 4000 miles in 5 days over a couple of mountain ranges), and I could probably get it down to $400 total (Post Cash-for-clunkers and I'm 6'4" with a tall torso).
Rent is $275 for my half (since Dad would be making literally half of what I would be and I'd be crashing on his couch).
Food is a couple hundred.
Gas is another couple hundred easy since I'd be driving from Farmington to either downtown Detroit or Ann Arbor every day (and people my size (6'4" with a tall torso) don't fit in cars that get 40MPG.  I'm getting 18MPG right now).

So we're already at $1075/month and I've been very, very boring.  Haven't gone out to eat, haven't bought a bed yet ($2.5K after tax, frame, installation, etc), haven't had to buy clothes (and since I gained a lot of weight during college, this would be a non-zero percentage of the budget), haven't crashed my car and had to find money for repairs (I'm currently driving around on $7,000 worth of damage because I can't afford the $500 deductibles), or paid for computer upgrades (Figure $1-4K/year easy once my debt is paid off, because I'm a computer programmer and having a GOOD computer is important).  Just rent, food and transit to work put me over the top.
 
2013-08-01 04:30:02 PM

meyerkev: TFerWannaBe: I Like Shiny Things: TFerWannaBe: Quantum Apostrophe: I Like Shiny Things: 5. Rent said properties for 5x what you are paying.

Sure, that's a neat trick.

So is spending a total of 30% of your income.


Its kind of sad that you think that is so unattainable.

Its in your best interest to realize that is how to not be poor, pun intended.

Living expenses, not including discretionary, make up half to two-thirds of most peoples' income. Your budget appears to based on living on Welfare or in mom's basement.

Even then you're still tight.

I'm in Computer Science, home of the 6-figure income straight out of college.

Here in the Bay Area, I'm paycheck to paycheck on $50,000 of take home.
In Michigan, I'd take a $10,000 pay cut to crash on Dad's couch.

So ~$3,500/month in take home.  30% is ~$1,000

Car would be $400/month.  Insurance would be $350 (Yay for no-fault).  Admittedly, I'd have been more likely to go used (since I wouldn't have needed to trust the car to go 4000 miles in 5 days over a couple of mountain ranges), and I could probably get it down to $400 total (Post Cash-for-clunkers and I'm 6'4" with a tall torso).
Rent is $275 for my half (since Dad would be making literally half of what I would be and I'd be crashing on his couch).
Food is a couple hundred.
Gas is another couple hundred easy since I'd be driving from Farmington to either downtown Detroit or Ann Arbor every day (and people my size (6'4" with a tall torso) don't fit in cars that get 40MPG.  I'm getting 18MPG right now).

So we're already at $1075/month and I've been very, very boring.  Haven't gone out to eat, haven't bought a bed yet ($2.5K after tax, frame, installation, etc), haven't had to buy clothes (and since I gained a lot of weight during college, this would be a non-zero percentage of the budget), haven't crashed my car and had to find money for repairs (I'm currently driving around on $7,000 worth of damage because I can't afford the $500 deductibles), or paid for com ...


. . . and $50k is approximately what a lot of *families* make in a year.

I'm in the same business (although I'm not strictly speaking an engineer) and this budget is very similar to mine from a few years back. I've been around a bit since then though, so I have my car and student loans paid off and am living on a pretty comfortable salary in the Boston area :)
 
2013-08-01 06:18:03 PM

Warthog: That article was absurd -- it's like they threw a dart board at expensive rental listings from those 10 cities.  There is no rhyme or reason to it; some of their examples are studio, others are villas.  All I take from it is that there's some overpriced real estate there.


The ranking is based on average monthly rental plus other living expenses.
 
2013-08-01 06:55:03 PM

TFerWannaBe: . . . and $50k is approximately what a lot of *families* make in a year.


Not in the Bay Area.  When we have another "$250K is poor (or at least very, very middle-class and quite a bit poorer than someone making $30K in the Midwest would expect)" thread, a bunch of the people saying that are from the Bay Area.  Asbestos + Lead Paint is $2100/month (and you can get bedbugs for an extra $300/month.  Yeah, I don't understand that), an actual house is $1.4 Million in cash, CA taxes are high, insanely progressive, and don't pay for anything (so expect lots of Fark-you fees (which are insanely regressive and partially make up for the fact that taxes are insanely progressive)), and the only place where I could imagine a family living on $50K/year is way out in the Central Valley (and cue the 3 hour drive to work).  And then since there aren't enough roads (at least in part because anyone making less than $100K is sitting way the fark out in the East Bay or the Central Valley and they're doing 50+ mile commutes), you can expect to pay $10/day just driving to work because of the HOT tolls.

In fact, there are a lot of places out here where RENTS are more than $50K/year.
http://priceonomics.com/the-san-francisco-rent-explosion/
 
2013-08-01 07:10:14 PM

meyerkev: TFerWannaBe: . . . and $50k is approximately what a lot of *families* make in a year.

Not in the Bay Area.  When we have another "$250K is poor (or at least very, very middle-class and quite a bit poorer than someone making $30K in the Midwest would expect)" thread, a bunch of the people saying that are from the Bay Area.  Asbestos + Lead Paint is $2100/month (and you can get bedbugs for an extra $300/month.  Yeah, I don't understand that), an actual house is $1.4 Million in cash, CA taxes are high, insanely progressive, and don't pay for anything (so expect lots of Fark-you fees (which are insanely regressive and partially make up for the fact that taxes are insanely progressive)), and the only place where I could imagine a family living on $50K/year is way out in the Central Valley (and cue the 3 hour drive to work).  And then since there aren't enough roads (at least in part because anyone making less than $100K is sitting way the fark out in the East Bay or the Central Valley and they're doing 50+ mile commutes), you can expect to pay $10/day just driving to work because of the HOT tolls.

In fact, there are a lot of places out here where RENTS are more than $50K/year.
http://priceonomics.com/the-san-francisco-rent-explosion/


I know - there's quite a bit of variation in living standards across the US. All I meant was that $50k is about what a US family makes in a year; exactly how far that gets you depends on where you live of course. The comparison was supposed to be about your accomplishment in making on your own what a typical US family makes, not to imply you should be able to live on it anywhere in the US.

Regardless, we are in agreement generally: most people are not able to make so much that they can live on 30% of what their income.
 
2013-08-01 08:59:17 PM

Warthog: This two bedroom duplex in D.C. rents for $12,017 a month.  It's the $17 that kills the deal for me.


... and not the fact that it's in DC?
 
2013-08-01 09:34:44 PM
TFerWannaBe: ....

Regardless, we are in agreement generally: most people are not able to make so much that they can live on 30% of what their income.

Deserves to be repeated. It would be a totally different world if everyone was able to be paid so much that they could live on only 30% of what they earned. Currently we live in a society that depends on a lot of people being paid very little in order that the very few can have a great deal more.
 
2013-08-01 09:48:13 PM

Nidiot: TFerWannaBe: ....

Regardless, we are in agreement generally: most people are not able to make so much that they can live on 30% of what their income.

Deserves to be repeated. It would be a totally different world if everyone was able to be paid so much that they could live on only 30% of what they earned. Currently we live in a society that depends on a lot of people being paid very little in order that the very few can have a great deal more.


To be fair, we could do it.  After all, lots of places have GDP/capita that's an order of magnitude lower.  We just don't want to because we like having things like computers and cell phones and video games and roofs and beds and cars and safe(ish) foodand vacations and buildings that don't fall over in earthquakes and environmental regulations, etc, etc, etc.

We live in a society that depends on a lot of people being paid relatively little (but still more than in most of human history or across most of humanity today) compared to the big boys, but spending more than they have because they like the stuff the spending brings.
 
2013-08-02 09:07:05 AM

1000Monkeys: I'm guessing it mostly applies to people who are foreigners and/or oil company employees who live in luxury condos in heavily guarded neighborhoods and import most of their food and water.

From what I heard you have to drink bottled water in Angola as the local tap water is barely fit to wash in, let alone drink. That includes ice cubes.

/ Heard it from a friend who works in oil
// Apparently, it sucks there but you can make big money.
/// Enough to feasibly retire at 35 so he says


You're right, even though "luxury condos" aren't what you'd expect. I travelled through there once a month for a couple of years and am happy to not be doing that anymore. China has pretty much bought up the city in order to secure a future energy source for themselves.
 
2013-08-02 09:16:21 AM
You guys are never going to believe this but I am in Luanda right now, and I can tell you it is that freaking expensive.  A decent hamburger is $20 to $30,  a Coke $3 - in the can.  If you want someone bumped off, that is only $25.  It is a horrible place to be actually, I always hate coming here....I guess that is why the job pays so much.
 
2013-08-02 09:23:29 AM

1000Monkeys: I'm guessing it mostly applies to people who are foreigners and/or oil company employees who live in luxury condos in heavily guarded neighborhoods and import most of their food and water.

From what I heard you have to drink bottled water in Angola as the local tap water is barely fit to wash in, let alone drink. That includes ice cubes.

/ Heard it from a friend who works in oil
// Apparently, it sucks there but you can make big money.
/// Enough to feasibly retire at 35 so he says


You are right, there is a bit of disparagement between prices for forigners and locals, but even the prices for the locals is stupid expensive....Poverty is rampant.  We employ locals but they make about $1000 a month, it takes 5 people or more working to make it.

The diamond and oil industry has really inflated things, lead to mass scale corruption.  You can tell who is in with the local gov by what they wear / drive etc.
 
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