Ask HN: Where can I live off 1k USD per month?
I live in Korea. Some months my total expenses are as low as $400 while living comfortably. If I spent $1000 in a month, I spent a lot of money. I'd say my average monthly living expenses are $600-$800. My main expenses are food/entertainment, and I eat out a lot (50% of meals).<p>Housing is probably the biggest living expense. I take advantage of Korea's interesting rental system called <i>Cheonsae:</i><p>Basically, if you put down a huge deposit (like $90,000: 50% to 90% of the value of the property), you don't pay any monthly rent and get the entire deposit back when you move out. My place has a $50 monthly management fee, but that includes high-speed internet. (So I joke that I get free housing with my internet.)<p>Of course, there is an opportunity cost because that deposit could have generated interest, but I figure the break-even point is 12% APY. (It is possible to lower the deposit by increasing monthly rent.) So it's advantageous to take out a bank loan at 2-4% interest to pay for the deposit.<p>There is a small risk you won't be able to get your deposit back if the owner mismanages their finances. I believe the Korean  government actually guarantees housing deposits up to $50,0000 or so. In Korea, the tenants actually do background checks on the landlords! The minimum deposit is usually $10,000, so landlords usually don't scrutinize tenants.