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What is your point? I don't understand what you are talking about. We were talking about the life style of home owners vs tenants.
I never said anything about foreign investment. I know Portugal is booming, I know it better than you ever will because I live here.
You know it, whether you are truthful in your presentation of it is an entirely different matter. Yes, there's a very wealthy class of homeowners living much better than the average tenant in Portugal. THAT was my point, and that's quite obvious wherever you get lots of investment.
You know it, whether you are truthful in your presentation of it is an entirely different matter. Yes, there's a very wealthy class of homeowners living much better than the average tenant in Portugal. THAT was my point, and that's quite obvious wherever you get lots of investment.
Again, that article doesn't say anything else. We were talking about tenants vs landlords. The foreigners who buy homes in Portugal are not landlords, they buy them for themselves. Landlords on the other hand continue to be Portuguese, most of whom are middle-class people, some are actually not well off at all because there are still contracts where tenants only pay a symbolic rent and have a right to stay in the apartment for life. The state also provides a lot of apartments.
The golden visa program mentioned in your article has kind of stalled meanwhile. There have been various crimes involving Chinese and Russian applicants, so the whole program has a giant backlog. Maybe they will stop it altogether because the people who come here don't benefit the country. Hardly anyone creates jobs, which is one of the options as an alternative to merely buying a home.
Except for real estate agents, hardly anyone benefits from the real estate boom, to the contrary.
Again, that article doesn't say anything else. We were talking about tenants vs landlords. The foreigners who buy homes in Portugal are not landlords, they buy them for themselves. Landlords on the other hand continue to be Portuguese, most of whom are middle-class people, some are actually not well off at all because there are still contracts where tenants only pay a symbolic rent and have a right to stay in the apartment for life. The state also provides a lot of apartments.
The golden visa program mentioned in your article has kind of stalled meanwhile. There have been various crimes involving Chinese and Russian applicants, so the whole program has a giant backlog. Maybe they will stop it altogether because the people who come here don't benefit the country. Hardly anyone creates jobs, which is one of the options as an alternative to merely buying a home.
Except for real estate agents, hardly anyone benefits from the real estate boom, to the contrary.
Sure more than the real estate agents benefit from the boom. All those businesses where people are buying homes and when the tourists or the foreigners shop benefit. Those people spend money in other ways, open up local bank accounts, etc. You and your friends may not be benefitting, but there is real business benefit to Portugal and obviously real income and tax benefits.
Portugal won't stop the golden visa. Anything like golden visa or the Sephardic citizenship program always has a backlog, because that is the nature of government agencies all around the world.
A huge portion of the economies in Porto and in Lisbon are based on foreigners moving there and on tourism.
Portugal does lots to attract wealthier and more educated foreigners, and things are ramping up as they send their delegations to other countries to promote Portugal.
Again, that has nothing to do with our original discussion, where you claimed I was lying about my experiences with landlords. You were simply wrong because you don't know how things work here.
There is no need to attract "more educated" foreigners, the Portuguese are highly educated themselves.
It is merely about money. The Chinese and Russians simply want to buy their way into the EU. Most of them have no interest in living here, they just want to use Schengen. Those programs are regular scum magnets.
Tourism is a shallow business, the plight of the Mediterranean.
Again, that has nothing to do with our original discussion, where you claimed I was lying about my experiences with landlords. You were simply wrong because you don't know how things work here.
There is no need to attract "more educated" foreigners, the Portuguese are highly educated themselves.
It is merely about money. The Chinese and Russians simply want to buy their way into the EU. Most of them have no interest in living here, they just want to use Schengen. Those programs are regular scum magnets.
Tourism is a shallow business, the plight of the Mediterranean.
Of course they become citizens to have access to the EU. Portugal deliberately promotes that as one of the benefits of Portuguese citizenship. A lot of Chinese and Eastern Europeans do live in Spain and the same is true of Portugal I am sure.
Of course they become citizens to have access to the EU. Portugal deliberately promotes that as one of the benefits of Portuguese citizenship. A lot of Chinese and Eastern Europeans do live in Spain and the same is true of Portugal I am sure.
Yes, there are lots of Russian mafiosi in southern Spain, everyone knows that.
Its amazing that after so much European plunder, that Africa still is the wealthy nation in terms of resources. My Goodness if the people of Africa would just wake up and come together.
Its amazing that after so much European plunder, that Africa still is the wealthy nation in terms of resources. My Goodness if the people of Africa would just wake up and come together.
When did the continent of Africa unite into one nation? I didn't get this memo.
Africa will never unite with everyone sitting around one campfire singing Kumbaya, the world doesn't operate that way.
When did the continent of Africa unite into one nation? I didn't get this memo.
Africa will never unite with everyone sitting around one campfire singing Kumbaya, the world doesn't operate that way.
Black folks are bizarre in this way of thinking. When was Asia and Europe united as one? Even with the EU, after centuries of bloodshed, Europe isn't united. et Blacks think Africans in Ethiopia should have the same interests and aspirations as Africans in the Congo who should get on the same page as Nigerians simly because they share a land mass and general skin color.
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