As Digital Nomads Flock to Lisbon, Portugal's Youth Are Leaving in Droves
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Re: As Digital Nomads Flock to Lisbon, Portugal's Youth Are Leaving in Droves
#2Re: As Digital Nomads Flock to Lisbon, Portugal's Youth Are Leaving in Droves
#3In summary, salaries need to rise (and they are), and the tax system needs to raise its thresholds accordingly (and it hasn't yet?).
Note that the increase in housing costs has been largely driven by AirBnB etc, like much of the more desirable to tourists parts of Europe. Digital nomads (working remotely, almost by definition, and not getting paid that much in the grand scheme of things, again almost by definition) are somewhat incidental to all this, except as far as they might encourage local high skill job creation by some form of osmosis (e.g. bringing opportunities for locals to also work remotely though recommendation, and piquing the interest of outside companies in Portugal as a place to hire / do business).
Re: As Digital Nomads Flock to Lisbon, Portugal's Youth Are Leaving in Droves
#4In summary, salaries need to rise (and they are), and the tax system needs to raise its thresholds accordingly (and it hasn't yet?). Note that the increase in housing costs has been largely driven by AirBnB etc, like much of the more desirable to tourists parts of Europe. Digital nomads (working remotely, almost by definition, and not getting paid that much in the grand scheme of things, again almost by definition) a…
> Digital nomads (working remotely, almost by definition, and not getting paid that much in the grand scheme of things, again almost by definition) a
I don't think you know what you're talking about. Living in Portugal while remotely working for any semi decent tech company puts you in the top 10% earners easily
Re: As Digital Nomads Flock to Lisbon, Portugal's Youth Are Leaving in Droves
#5In summary, salaries need to rise (and they are), and the tax system needs to raise its thresholds accordingly (and it hasn't yet?). Note that the increase in housing costs has been largely driven by AirBnB etc, like much of the more desirable to tourists parts of Europe. Digital nomads (working remotely, almost by definition, and not getting paid that much in the grand scheme of things, again almost by definition) a…
Portugal is broke, there is no easy solution, they need their taxes (actually even more than now).
Re: As Digital Nomads Flock to Lisbon, Portugal's Youth Are Leaving in Droves
#6In summary, salaries need to rise (and they are), and the tax system needs to raise its thresholds accordingly (and it hasn't yet?). Note that the increase in housing costs has been largely driven by AirBnB etc, like much of the more desirable to tourists parts of Europe. Digital nomads (working remotely, almost by definition, and not getting paid that much in the grand scheme of things, again almost by definition) a…
> Digital nomads (working remotely, almost by definition, and not getting paid that much in the grand scheme of things, again almost by definition) a I don't think you know what you're talking about. Living in Portugal while remotely working for any semi decent tech company puts you in the top 10% earners easily
Certainly.
However the rest of the post is about right. Salaries in Portugal are exceptionally low and taxes are high and both make the country not competitive - were it not for the sunshine and beaches.
Re: As Digital Nomads Flock to Lisbon, Portugal's Youth Are Leaving in Droves
#7The older a society is, the more boomers get their way, and that's where the root of the whole southern europe misery lies. Young people are trapped in the country and the best option objectively is to leave. (Or to somehow undemocratically lower taxes and make the country competitive)
Are there really so many digital nomads in Portugal that they raise prices? Airbnb is certainly a factor (although a lot of airbnb inventory is not houses one would like to use as home), but i think the #1 factor is the golden visa. It pumps up the prices of mediocre homes because their owner are not feeling the pressure to sell and are waiting for the big fish.
Re: As Digital Nomads Flock to Lisbon, Portugal's Youth Are Leaving in Droves
#8Expats can be helpful to a country like Portugal but it has to be done correctly. And of course it hasn't. What Portugal needs to do is:
1. Ban Airbnb and other short-term housing other than renting out a room in your house;
2. Provide a huge stock of social housing, meaning housing at an affordable price only available to natives; and
3. Restrict foreign ownership of huge swathes of the country. This could be as simple as "new construction only".
Capitalism simply does not work where there's inelastic demand. it creates a regime where money is extracted from the poorest and most vulnerable by withholding basic human needs in the interests of profit for a few.
EDIT: qualified the AirBnB restriction to only what it should be for, meaning renting out a room in your house, not running an illegal hotel.
Re: As Digital Nomads Flock to Lisbon, Portugal's Youth Are Leaving in Droves
#9In summary, salaries need to rise (and they are), and the tax system needs to raise its thresholds accordingly (and it hasn't yet?). Note that the increase in housing costs has been largely driven by AirBnB etc, like much of the more desirable to tourists parts of Europe. Digital nomads (working remotely, almost by definition, and not getting paid that much in the grand scheme of things, again almost by definition) a…
There is a limited supply of apartments. If a digital nomad lives in one, then a native portuguese can't live there. This is basic math.
Re: As Digital Nomads Flock to Lisbon, Portugal's Youth Are Leaving in Droves
#10I believe Portugal was about to end the golden visa. Can someone expand on this topic?
Also, is it true to say the golden visa is not attractive to US citizens?
Finally, which foreign citize s benefit the most from the Portugal golden visa?