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I would have to say that one of the best places to live and work would have to be countries in the south pacific, especially Australia and New Zealand, but also Fiji and Indonesia.
In Oz and NZ, you can get some "cheap as chips" real estate right near the beaches, but you still get the bonus of living in a modern english speaking country with good net connections and broadband internet.
In Fiji or Indonesia, the real estate would be even cheaper, and you could live in tropical paradise, but the people don't necesarilly speak english and getting a reliable net connection could be a problem, but can be done.
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