As the Cost of Living Increases and the U.s. Dollar Contintues to Depreciate, the Idea of US Prosper
Posted on November 22, 2009
Filed Under Apartment Living | 18 Comments
As the U.S. Dollar and Japanese Yen fall in value, many U.S. and Japanese citizens are feeling relatively wealthy and prosperous.
I suggest a reality check is needed to open their eyes about the buying power of their debased currencies. A reality check can often be provided by doing some foreign travel, especially to Europe, but also to the Middle East or developed Asia. The reality is that the buying power of these two groups outside of the U.S. or Japan has fallen by over 25% in the last few years.
THE RISING COSTS OF LIVING
Food, shelter and the basic necessities of life have gotten very expensive. While they have not been noticing, the U.S. and Japanese citizen’s buying power has eroded on a global basis over the last four years. During those four years, the Yen and U.S. dollar have been about flat in value versus one another. Over the same period the Euro, British Pound, Swedish Krona, Swiss Franc, and during the last year or two, even the Indian Rupee and Chinese Yuan, have risen substantially versus the Dollar and Yen. U.S. dollar-based investors and Yen-based investors need to expose their portfolios to assets where the prices are rising, or to stocks in those geographies where the standard of living is rising. This simple theme is behind most of our investment opinions. Our strategy simply put, is to invest in the countries and industries which are growing.
GOLD AND BASE METALS ARE OBVIOUS EXAMPLES
Gold is in demand as a hedge against devaluing currencies, and it is in demand for hoarding and protecting wealth, and as a store of value. As nations and individuals become wealthier, they hold more gold. This is especially true in India, China and East Asia, where gold has long held a position as a safe and secure alternative to paper currencies.
Base metals are in demand due to the infrastructure building that is taking place in the developing countries around the globe. Economic growth is the model that these countries are following, and sustainable economic growth is based on a stable and growing infrastructure including physical, economic, educational, legal, financial and social infrastructure.
Because this global trend towards infrastructure building is not likely to abate in the near future, prices of materials will stay high, and the buying power of the citizens in the slow-growth countries will continue to erode.
For more information on global invesment visit http://www.howtoinvestglobally.com
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18 Responses to “As the Cost of Living Increases and the U.s. Dollar Contintues to Depreciate, the Idea of US Prosper”
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You forgot to mention transportation cost!!!
Damn subway for Tokyo is sure expensive!!!
looooool. i mean yea totally and he’s also kinda like aww shit there goes my laptop ok ok play it cool u can’t stop the recording now we’v gone so far. *tries to wipe it out as much as he cans in the next 2 secs while looking on the camera and talking*
C. The rent you could receive if you rented it to someone else
Have a look at
http://tokyo.asiaxpat.com/property/serviced.asp
you can see rent starts at 315,000 per month (3,266 dollars) and rise to 1,500,000 yen per month (15,555 dollars).
The popular areas are Aoyama and around Omotesando station/near the Prada shop. Hiro and Roppongi are also popular.
This site looks like it has all the answers for you.
http://www.oceans.co.jp/property_aoyamaomotesando.html
I can have a good night out on 5,000 yen (50 dollars) so you can multiply this a few times over because expats aren't thrifty.
TTC
wow, internet will cost me P3000 (converted in peso) in Tokyo compared to P1200 that i pay in my country. Nevertheless, from what i heard the salary will compensate for the high standard of living there.
Get rid of your internet, cable & cell phone "plan." Get a pre-paid phone instead. Shop at Farmer's Markets. Buy versatile clothing~ ones you can mix & match. Hope even this little bit helps.
1300 +
but i have a good deal in a really good area…its a huge 2 bedroom for 1170
what about working at a department store
go to
http://losangeles.craigslist.org/
for aprtments…and go on housing…then click on apartment/housing for rent then type in ur area
i think this is the first video on youtube that had the camera on someone’s face, and that someone was talking about something not exactly humorous that I actually watched from beginning to end… I want to go to Tokyo
thats a ridiculous question because you didnt tell us what part of california. if you live in newport about 2000 for a one bedroom, in comptom maybe 500, in san fran maybe 2500
This reminds me of when I was in Moscow and someone asked me "how much do houses cost in America?" Hmm… its a bit too vague of a question to give an absolute answer to.
sorry, still cannot find the name. CAN YOU PLEASE TELL ME. THANKS.
does anybody know the name of this song? HELP PLEASE.
On the right side of the web page, directly underneath the picture of me where it says “TokyoCooney” is a text box. In small blue text it says “more info” click that and read the text description of the video. I believe in you! Yes you can! You can do it!
Depends on the size of the apartment, bedrooms, neighborhood, amenties. You werent real specific. Not sure if your single or have kids what you bring in per month or where in the country you are.
But if you are in the midwest you can expect to pay between $495-$515+ for a 1 bed room in a good neighborhood or $525-$650 for a 2 bedroom in good neighborhoods. But I would say with everything included around $1100 – $1200 if your single and your responsible with money. Family of 3 $1500 – $1800+. If you have car payments, daycare then you can add another $400-800 to the total above!
Its written in the video description on the side. It always is.
I am looking for such info as well….the local newspaper. They list all available apts and the going rates. When you visit the aprtment they might be able to give you idea on cost of utilities, and you might call comcast yourself…Some large apt complexes have special rates.
Check the paper. Forget Craig's List…too many day-dreamers looking for mansions, with pools, on the beach for squat.
At 2:25, did you knock over a glass? Your face for a second is like…’Crap…there goes that vodka…’
I just moved here about a month ago and found a 1 br + loft condo in phoenix for 695 a month less than 10 minutes from Scottsdale, I work of N. 7th Ave and the 101. It was 150.00 deposit for electricity. Let me know if you need any office help! Good luck.