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My lexus feels like a beater compared to some of the cars around here
Cool, we are in the same hood.
Oh yes, my 05' LS430 UL absolutely feels like a 10 years old Corolla in my local Ralphs parking lot, where at most given time, there are more then a few $200k+ cars in the lot. RR Ghost, Phantom, Continental Flying Spur and S65 are seen daily in that lot. These are these folk's daily driver, not there weekend fancy ride.
Hong Kong has the highest relative proportion of millionaires (net worth, not including primary residence) IIRC. Something ridiculous like 10% of the population has a net worth of $1 million or more.
Hong Kong has the highest relative proportion of millionaires (net worth, not including primary residence) IIRC. Something ridiculous like 10% of the population has a net worth of $1 million or more.
but then again, 1 million really isn't much money in hong kong now, haha....
but then again, 1 million really isn't much money in hong kong now, haha....
I can't comment on cost of living for HK compared to the U.S, but I'll take your word for it.
Although people generally say $1M is "not that much" in the U.S. but the fact remains only ~3% of U.S. households have a liquid net worth of $1M or greater. It's all relative at the end of the day.
I can't comment on cost of living for HK compared to the U.S, but I'll take your word for it.
Although people generally say $1M is "not that much" in the U.S. but the fact remains only ~3% of U.S. households have a liquid net worth of $1M or greater. It's all relative at the end of the day.
yup, i most definitely understand what you mean. it's hard to really gauge true living expense between the US and hong kong. but just bring in transportation and house pricing, on average, i think hk probably tops the US (and it's quite insanely high)
yup, i most definitely understand what you mean. it's hard to really gauge true living expense between the US and hong kong. but just bring in transportation and house pricing, on average, i think hk probably tops the US (and it's quite insanely high)
For normal folks with basic life necessities, HK is definitely much cheaper, but they also make much less money. Car is not a necessities in HK, it is in the U.S. Taking the bus and subway definitely is way cheaper then owning a normal car like a Camry in the U.S. A normal home is price about the same if you compare HK to say Southern California (of course places like Ohio or Detroit would be way cheaper)
Of course if you want to live like these ballers, the U.S. is at least 50% cheaper in exotic car and luxury home cost.
lol come on, that alone is a big skew. avg housing prices i think socal would be quite high
"Normal" home in a "normal" location that "normal" folks live in "Normal" folks means folks who think a Camry V6 XLE is a very fancy car that never even dream of owning an Avalon Limited.
People who think a base model S550 is not a fancy car, is not "normal"