Leosghost - 10:20 pm on Jun 8, 2011 (gmt 0)
Are you seriously trying to tell me I can fly over to India and spend $20 to buy PC that costs $1300 in the US? There is no chance $20 will be equivalent to $1300 in buying power there.
No..because all things are not priced relatively the same , in any country ..
For example, the current real estate value of apartments in Paris is around $1300.oo per square foot, in the not so sought after areas,and without taking into account views etc ..the base rate ..
But IT and tech goods are only 20% more than the US price ..and 10% lower than the UK price ..I know this because I'm DSLR shopping ..again..and comparing ..
Yet houses where I am, 250 miles west of Paris..are less than one third the UK price..and right by the sea like ours ..less than one quarter the price of houses across the channel in Cornwall or Devon, within sound and sight of the sea and less than 2 minutes walk from the waves, your "classic French fishing village" slate roofs white walls and all.
Food is 10% cheaper here than in the UK ..and 10% to 20% dearer than in Paris..
$100,000.oo won't even buy you a bedsit 3 kliks from the centre of Paris..and won't buy you a parking space for a mini in an underground garage 2 kliks from the Eiffel tower.