Yup. Thanks to those controls and a federal program called “My home, My life” that I managed to buy a condo on a nice neighborhood for around $50k. By coincidence, it’s across the street from the labour union founded by our current president, Lula. Sometimes he visits the place to make speeches, so I get to see him :-)
Depends of which currency you’re talking about. Brazilian Reais ? Sure. Minimum wage here is R$ 18k/yr, so that would be about 4x that. US Dollars ? Pretty hard, unless you’re on executive levels.
But… Cost of living here is much lower than in US. Take food for example. A Discord friend from Colorado showed me a picture of a carton of eggs… US$ 7.50 for a dozen. Here in Brazil for that price you could buy around 50 or 60 eggs. Buying or renting a home is way cheaper too, fuel costs are lower, because our cars can run on Ethanol, which is 40% cheaper that Gasoline, we don’t have to spend money on heating or heavy winter clothes (except for the 3 southern states, but it still cheaper than northern US. The coldest those states get around 25F).
Sure, electronics and cars are a bit more expensive, same for some luxury goods. But even with those things costing more, with wages close to the equivalent of US$ 30k, you can have a standard of living that in the US would require closer to US$ 100k.
Oh crazy. That’s a good idea. Do you find it works well for your country?
Yup. Thanks to those controls and a federal program called “My home, My life” that I managed to buy a condo on a nice neighborhood for around $50k. By coincidence, it’s across the street from the labour union founded by our current president, Lula. Sometimes he visits the place to make speeches, so I get to see him :-)
Oh that’s dope. What are wages like in Brazil? Like is it easy to find a job making around 60k a year?
Depends of which currency you’re talking about. Brazilian Reais ? Sure. Minimum wage here is R$ 18k/yr, so that would be about 4x that. US Dollars ? Pretty hard, unless you’re on executive levels.
But… Cost of living here is much lower than in US. Take food for example. A Discord friend from Colorado showed me a picture of a carton of eggs… US$ 7.50 for a dozen. Here in Brazil for that price you could buy around 50 or 60 eggs. Buying or renting a home is way cheaper too, fuel costs are lower, because our cars can run on Ethanol, which is 40% cheaper that Gasoline, we don’t have to spend money on heating or heavy winter clothes (except for the 3 southern states, but it still cheaper than northern US. The coldest those states get around 25F).
Sure, electronics and cars are a bit more expensive, same for some luxury goods. But even with those things costing more, with wages close to the equivalent of US$ 30k, you can have a standard of living that in the US would require closer to US$ 100k.
Wow interesting. Thanks for sharing man.