[Explain] Why Monaco is SO expensive?

Описание: These sources collectively examine global migration trends, urban development challenges, and the specific cost of living in Monaco.

The Investment Migration Council working paper focuses on the mobility of wealthy individuals and their assets, exploring factors that drive their movement, such as inequality, taxation, and geopolitical volatility.

The Habitat III report details urbanization patterns within the Economic Commission for Europe (ECE) region, addressing topics like economic transitions, social equality, environmental issues, and governance in cities, while also noting the challenges of aging populations and migration.

Finally, the articles from Radical Storage and Hermitage Riviera provide practical information on Monaco's exorbitant cost of living, particularly highlighting its extremely high real estate prices despite other more reasonable expenses for visitors.

00:00:00 Intro
00:00:35 Skip Intro
00:00:57 How Monaco become a billionaire's playground?
00:01:11 The tax heaven?
00:01:46 Most residence pay ZERO income tax.
00:02:29 Independent on PAPER?
00:03:27 Native Monegasque citizens are a minority.
00:03:55 Fortress of the rich?
00:05:08 Blueprint of Monaco system.

#MonacoLuxuryLiving #MonacoTaxHaven #MonacoRealEstate #UltraWealthyMonaco #ExpensiveMonaco
Powered by GoogleNotebookLM