Expats are moving to Portugal
latimes.com
Expats are moving to Portugal
1–10 of 165 posts
Re: Expats are moving to Portugal
#2People with means or with luck of their home economy are learning how destabilizing wealth disparities can be when you move your wealth around outside of the plutonomy. They’re not feeling destabilized, but their new environs is.
Re: Expats are moving to Portugal
#3People with means or with luck of their home economy are learning how destabilizing wealth disparities can be when you move your wealth around outside of the plutonomy. They’re not feeling destabilized, but their new environs is.
> They’re not feeling destabilized, but their new environs is.
That they are feeling (vastly) better off than they would have IS a destabilization, just not in the negative sense.
Re: Expats are moving to Portugal
#4In the words of Smoky the Bear, “Remember, only you, can gentrify the neighborhood.”
Interesting that the Golden Visa is not doing applications in the big cities anymore.
Remember that there is an employment route that doesn't involve purchasing property in Portugal. I think its having 8 portuguese employees
Re: Expats are moving to Portugal
#5California has 40 million people
Any place where just a tiny fraction, less than 1%, want to check out will get a wild market distortion.
Whether it was all those small and medium sized towns getting remote workers during the Alpha and hardcore Delta days
Or places in Portugal
The story will be the same
Re: Expats are moving to Portugal
#6Portugal has been extremely popular with the nomad community too. A good dozen of friends of mine have already moved there through NHR and lots more are in the works. There are also projects like rebase.co, which make things super easy to set up base in the country. It seems like it's getting to a point where Portugal so popular, it might steer people away from itself instead.
Re: Expats are moving to Portugal
#7Hong Kong expats fleeing HK to Singapore are currently gentrifying the SG real estate market. HK'r's are accustomed to paying far more money for much less space. Add this with the fact the incoming HK'r's are effectively "panic leasing" anything they can get their hands on by offering way over the ask.
I have friends who've had their rents increase from +30% to +115% when renewals come up.
Re: Expats are moving to Portugal
#8Did you change the title ?
Re: Expats are moving to Portugal
#9California has 40 million people Any place where just a tiny fraction, less than 1%, want to check out will get a wild market distortion. Whether it was all those small and medium sized towns getting remote workers during the Alpha and hardcore Delta days Or places in Portugal The story will be the same
> Any place where just a tiny fraction, less than 1%, want to check out will get a wild market distortion.
Completely & totally ignores the scale of market impact an expat/wealthy-immigrant people have. There's plenty of people who would rather live somewhere else. Most have limited ability to move somewhere & make an impact.
This story is about as opposite as that as can be told: the worlds 0.03% want cheaper places to live & will go commandeer their way into a conceniently available low priced local economy.
What your thesis totally avoids is that the the wealthy can afford & have the possibility of seeking lower costs of living, of setting themselves up high elsewhere. They will displace both locals & other people who might seek to immigrate to a specificly advantageous place.
There's hardly a scene more tragic to imagine. There may be some modest benefit for this area, but doubtful. This will just create market pressure in one of the few places that had been affordable.
Re: Expats are moving to Portugal
#10Portugal has been extremely popular with the nomad community too. A good dozen of friends of mine have already moved there through NHR and lots more are in the works. There are also projects like rebase.co, which make things super easy to set up base in the country. It seems like it's getting to a point where Portugal so popular, it might steer people away from itself instead.
It's amazing that people within the country (I live in Portugal and am portuguese) mostly want to get out, and so many people seem to want to get in (to work outside).
I genuinely don't 100% get it.