I think Australia
is very overpiriced but soe things are not.
Does it balance out with America - no - definately not.
I am Australian and have spent over 20 years OS and USA.
I returned to Australia in 2000 and gots me a University education. Total bill about 12 bucks.
Equivalent in America -who knows? - but it is not uncommon to have 100k student loan debt to repay (which cannot be expunged by bankruptcy). My daughter pays 30k per year for kindergarten.
I would have stayed in Australia - but I believe there is more opportunity in USA - better conduit to small business (not anymore).
quoat in Australia is so frustrating -extraordinary high prices compared to the rest of the world (including the third world).
I do not believe it is a necessity it is because they can - there is less competition.
Similar to an expensive hotel
in America - a cheap
to average hotel
has free WIFI
, free parking, free coffee in room, free breakfast. An expensive hotel has pay for WIFI
, pay for parking , pay for everything. etc...
We think the Westmarine is expensive. I have further discounts which vary from product to product. For instance electronics
may have 5% discount other things such as a bronze fitting lists at 12.99 but I was charged 3.10 - but probably 2.00 at a plumbing
supplier. There are often cheaper options but time and wasted effort play a part too. I reckon "E" series are being replaced early next year - so was able to pick up one for 2,800 - list is 4,429.
Most other regular items are far cheaper in USA than Australia - most staples - food
, gasoline, cigarettes. I would say that university, insurance
and women are the more expensive.
I received a payout for my software
business 6 months before the 2008 Financial crisis. I put money
in 5 year 5% CD's(fixed term deposits). The manager laughed at me and said - "you really think interest rates will stay that lo for 5 years". I said I don't know but I am happy with it. Now it is under 1%. In any case during my panic in 2008 I pulled them out early took a hit(lost all interest) and sent the money
to NAB in Australia. have been getting 6% since. And have been incredibly lucky with the exchange rate - sent around .80 cents to the dollar and have been giving it back to Westmarine at around 1.03.
Having said that - USA is 1% Australia is about 6%. I have no trust in either of these banks. ANd the Australian dollar could easily drop back to reality - in the .70c range. Thereby nullifying the risk reward rate of 6% over the US$.
Some country offering 14%? - well be very careful. If you only live there and buy there than the exchange rate doesn't matter - but buying
boat stuff will. And then there is the safety
of the principle. Will it be returned? Does they country have different laws for foreigners such as Thailand
? This money could be lost
so easily. risk/reward...
I pay taxes
in USA on the interest income
I make in Australia. But, I do not double pay due to tax amnesties. Are you sure there is not tax liability back in the western countries for Foreign interest earned?
It also interesting to hear people debate the 2 party system - as if anything any politician does makes any difference. And get defensive and personal about "their"" party (team) - divide and rule
. And Australian's are really ruled...