For people, like me, who are into living cheap and who don't really care about how far away they are from VC's/Angels/etc I'd suggest you visit:

* Bangkok - you can find hotels starting at $10/night and probably cheaper in other places around Thailand...I'd suggest you check out the "remote" places near the ocean, I hear it's much cheaper.

* Budapest - great city; cheap to live in, people seem pretty nice .. especially women from South East Europe.

* Istanbul - Greaat culture; the people are soooo nice, crime rates are really low...I remember when I visited and went to eat at a local restaurant the owner was very nice, we had a nice chat, he asked where I was from..and soon after as I asked for the check, he said no no no, please, please, it's taken care of. I'm not saying everyone there is like that, but it semeed to me that almost everyone was so welcoming.

I'm going to be moving and living in a few cities, if you'd like to talk more, ping me(hajrice@gmail.com), I'd be glad to talk more.

Good luck!

Coincidentally, I'm moving to Buenos Aires in the middle of January. Do you have any tips to share?