Wednesday, July 30, 2008

World Most Expensive...

I don’t tend to get political. It’s not necessarily because I don’t want to. I’m just not very good at it all in all. I can remember stupid things like Roger Federer’s ace/double fault ratio through out the last Wimbledon; it was 108 aces compared to only 6 double faults by the way. But the American role in a matter of International opinion, or the intricacies of the declining value of the dollar tends to make my eyes cross.

However, I read something today that bothered me and probably for all the wrong reasons. I have some free time to kill at work, so I’m gonna talk about it. has an article posted today about the most expensive places in the world to live. ( What they did to gauge this expense was take the average cost of a little more than 200 items that everyone needs regardless of where you live. The survey covered 253 cities over the course of 6 continents, so sorry about your luck Antarctica. The top 5 most expensive cities in the world are:

5. Seoul, South Korea
4. Olso, Norway
3. London, England
2. Tokyo, Japan
1.Moscow, Russia

Not one American city of there. New York was the most expensive place in the US to live, and you have to get all the way down to 22 before you hit that. And who would have thought that LA is cheaper to live in (ranked 55) than Lagos, Nigeria (30), Almaty, Kazakhstan (44), or Zagreb, Croatia (49)? These are parts of the world that have historically been referred to as third world countries.

It sounds like I am complaining because it’s cheaper to live in the US than in other parts of the world. And I guess I am. People come to the US for the appeal of it’s moniker of being the land of opportunity. If you’ve ever watched a show about millionaires, you know there are plenty of stories about people who came from nothing to earn, and I do mean earn, everything. Good for them. But expense and cost of living is a function of supply and demand. People are demanding to live in Seoul, Oslo, London, Tokyo, Moscow, and 16 other cities around the world before they are demanding to live anywhere in the US. Interestingly enough, according to Forbes list of the world’s most economically powerful cities, the US has 3 of the top ten in New York, Chicago, and LA.

Does the disparity of the most expensive places to live compared to the economic control of US cities suggest that the US is becoming a second-rate power?


Anonymous Anonymous said...

Interesting observation.

Love, Me

3:39 PM  

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