Comment on Possible bank run happening in Canada

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goldenballs@wolfballs.com ⁨3⁩ ⁨years⁩ ago

Yes, but fuel & transport is a bigger proportional cost in rural areas, for obvious reasons.

Fuel and land costs have rocketed across Europe. Only the east might be comparable to North America now Sure, houses might be cheaper in rural areas, but that has been changing in desirable spots. Some places doubling as relatively wealthy urbanites drop cheddar on all the nicest places, and don't integrate with the locals.

China will not catch up, its facing a generational housing crisis that wipe millions out, and a couple major demographic crises (ageing population, and gender imbalance), that already started the deflationary decline - China is heading for something like Japanification, unlike India, which is growing.

In rural SEAsia, many small necessary costs (food, transport) are higher than in the centre of large cities, i have direct recent experience of that. There are of course affluent or touristy enclaves with elevated costs and associated better infrastructure.

If you want to live cheap in rural indochina, you will be pretty bored, just cheap beer, leftover women, and weed - which may or may not conflict with the sustainability of your income stream.

I don't envy future urbanites, and push my kids to learn tech and make a business. I am of an emigrant mindset, the old world is eating its own young to sustain its decaying models.

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