Friday, July 25, 2008

Moscow - is it expensive?

Well folks, Forbes has confirmed it. Moscow is once again the most expensive city in the world. I would like to personally thank Gavin and Brian for taking time out of their busy schedules to remind me of this (see link below).

I do feel as though I should make some editorial comments to the information that has been provided. The first is to the comment that Brian sent. I did a personal price check at Starbucks today and it was only 200 Rubles ($9 and some change) for a grande mocha, which is just shy of the $10 that you had quoted (but thanks for playing 'Guess the Price in Moscow'). We won't add in the personal time that it took me to actually get to the Starbucks, as there are only one or two here at the moment, neither of which is within 20 minutes of the hotel. The second correction is to a quote in the linked article. It states somewhere that a two-bedroom, luxery apartment in Tokyo is $5,100, which is about $600 more than in Moscow. That's just not true and trust me on this one, I've done A LOT of research. Olga and I were looking at a two-bedroom apartment that was renting for $4,500 per month. It was nice, but not what we would consider 'luxery'. The lease came due in June and the apartment was re-listed at $8,000 per month. We were told that it was rented by someone for $7,100 per month (remember, everything is negotiable!).

So, is Moscow expensive? I believe the answer to that is a resounding Ýes'. Is it worth it? Again, a resounding Ýes'. This is an amazing place and we sincerely hope that many of our family and friends take the unique opportunity to come visit us while we are here.

http://finance.yahoo.com/real-estate/article/105443/World's-Most-Expensive-Cities

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