Creating a low cost of living EA hub + co-living/co-working space for people trying to effectively change the world for the better seems, to me and many people I've spoken to, like a potentially unusually high value project. This is something I'm personally very interested in (though I've been prioritizing other projects recently), with the plan which seems most promising to me being buying and converting a hotel (with people who want more independant living space renting nearby). Simply picking a location as a schelling point is also an option, but having a place for new arrivals to easily get involved and a founding group moving together to focus on setting up a specific location seems likely to increase the chance of hitting critical mass.
I've created a spreadsheet of countries which have been suggested at some point or seem like they have potential from a glance, and would like to open up information gathering to other interested EAs, so we can to help narrow down the large list and start looking at a few specific locations. Helping out with this is something which anyone can do in a spare few minutes (or suggest to people who want a flexibly sized EA task), pick a box to fill in, check Nomadlist, Teleport, or google relevant things, read, add summary+useful links.
Additionally, Geordie and I created a survey to gauge interest and learn what people want from a new hub. I'd love some feedback on the survey itself (especially from people who've done surveys before and know the kinds of things that we'll probably wish we asked) before we try and widely publiscize it.
Suggestions for names and other countries which are worth investigating are also welcome.
Assorted links for background:
Slack (send me your email for an invite)
I agree that you have to do some thinking in advance - you have to choose at least one place to go. However, I don't think this is a very hard a choice for someone to make because the digital nomad scene has already identified a handful of good places. From my reading of recommended places in digital nomad forums, here are the places that stand out for cutting your living costs whilst doing remote internet-based work if you are from a Western country:
There are only a few of them, and personal preferences will play a big role in which of them each person would prefer. Each person who is seriously interested in being part of this project can choose the location that's best for them from this or similar lists, and then report back about how it's going once they're there.
My plan is to go to one of the European locations this summer. And if it doesn't work out, I can always go somewhere else.