Geographic Arbitrageurs: (re:150 Cheap Places To Live)

[We've all heard about the wonders of the broadband Web. You can stream video, surf at lightning speeds, search for God-knows-what, get your e-mail in a blink. Here's what you may not know: It can let you live far richer than you probably live now. (read the full article at the end of this post)]
Rich Karlgaard in Forbes "gets it".. but what about adding some other ingredients to the mix:
- There are more chinese kids learning english than american kids at all K-12 levels
- Skype offers now free calls ALWAYS to US and some portions of Europe, and free calls within specific dates to places like Mexico
- Many places in the 20M+ square kilometers of Latin America are way cheaper than the places he considers "cheap". and 9M+ sq km for China alone and the cheap land factor starts to sound intriguing

I can't help but looking at it as: "the big real estate bubble: When the knowledge worker in an emerging market can live great with

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