Monday, June 16

CNN Tokyo back as most expensive city: "Lima in Peru has replaced Caracas as the most expensive city in South America, at 108th position on 63.4. South America's currency devaluations have helped make its cities among the cheapest of those surveyed, with Montevideo, Buenos Aires, Bogota and Asuncion scoring between 46.5 and 36.5." It's all relative. When I lived in Lima 8 years ago, it felt like the most expensive city in the world. Someone trying to maintain a U.S. middle class life style might be hard pressed. However, rent and real estate is cheap with many houses on the market.

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