I'm currently setting up an office in Shenzhen in china, and the programmers really are high quality, and you pay them about $400 a month. It's an excellent way to keep your costs low and grow quickly - living space is nice and cheap, for the office I pay $300 a month in a space that can seat 6.

If you want more info, just send me an email! I'd like more guys to join in, so I can get bigger and nicer places. If you are up for some travel and want to work in an office, it's perfect!