5 ms·

What happened in Lisbon?

• tonyedgecombe 8y ago
  Prosperity.
• privateprofile 8y ago
  Gentrification, mass tourism and special privilege for some people that can afford to buy entire buildings are causing major social issues: - https://www.euronews.com/2017/09/19/lisbon-s-tourism-magnet-is-kicking-out-local-residents https://www.euronews.com/2017/09/19/lisbon-s-tourism-magnet-... - http://www.theportugalnews.com/news/president-promulgates-temporary-suspension-on-evictions-as-rents-skyrocket-and-housing-stock-falls/46197 http://www.theportugalnews.com/news/president-promulgates-te... People using words like "prosperity" either don't live here, or especially don't work for a living here...
  • pjc50 8y ago
    This sounds like AirBnB effects again :(
    • tick_tock_tick 8y ago
      the major downside of globalization is you're no longer just dealing with demand from the local region
    • privateprofile 8y ago
      That, and the fact that the government has decided to keep giving away EU visas to people from geographies that are notorious for corruption (e.g. Brasil, Angola, China) in exchange for meager (500K€) real estate "investments" [1] [1] https://www.theguardian.com/world/2017/sep/18/portugal-golden-visas-corrupt-brazilian-tycoon-among-applicants https://www.theguardian.com/world/2017/sep/18/portugal-golde...