There was this flamey thread posted by Mircolan where he claimed that living in Europe is less expensive than HK.
Is this really true?
My impression of Europe is high income taxes, VAT, and a strong Euro which makes everything more expensive.
While I do realize property is expensive in HK, as someone who owns property in HK this really doesn't bother me. I find everything else in HK to be cheaper compared to the US if you eat local food and buy local products. On top of that, taxes are a fraction of what they are in Europe and the US.
If you only buy import goods, I can see how it may be more expensive.