Post
Topic
Board Economics
Re: How is the cost of living in your country?
by
Hispo
on 24/01/2023, 02:07:52 UTC
Petrol is over $2.10 a litre and my water and electricity bills have also increased by about 15%.
You have no idea how lucky you are Wink

Here electricity prices went up about 2000%, although it dropped like three quarters again. It's still very high.

Here in Venezuela gasoline is about 0,5$/liter and the electricity bill is less than 10$ a month, it just reached 10$ because the government started to charge other services together in that bill.
That is one of the reasons people used to mine Bitcoin here, before the government got aggressive against the miners.

One can buy a house here for 20k-30k$, one time payment, no mortgage, no credit, no question asked. Solid concrete, no drywall.

This a country that runs on debit. We don't have credit anymore, because the banks lost money by providing credit.
Their interest rates where like 1-8% or something, while weekly the inflation went up 100%, people used to max up their cards and slowly pay their debt with useless money by the end of the month. Cash and stable coins are king here.