4 ms·

Spain is a very rich country though, 10th in the world by total wealth. What you're comparing is the current GDP, which is a different thing than being rich, it

Spain is a very rich country though, 10th in the world by total wealth. What you're comparing is the current GDP, which is a different thing than being rich, it's production. In Spain production may be lower but still people enjoy a great quality of life because they are living of the wealth generated before, i.e. everything is extremely cheap including real estate.

ChuckNorris89 5y ago
>wealth generated before Yeah, "generated".
- rmbyrro 5y ago
  "Generated"... by Africans and South Americans. But yesterday it was OK to do what Russia is doing now.
  - vhgyu75e6u 5y ago
    Ah yes generated at least 200 years ago and were absolutely untouched during a Civil War and 2 worl wars destroying Europe
    - rmbyrro 5y ago
      Spain was practically untouched during both World Wars. Surprisingly - for an European country - it was one of the few states to remain neutral during the conflicts. [1] [2] [1] https://en.wikipedia.org/wiki/Spain_during_World_War_II https://en.wikipedia.org/wiki/Spain_during_World_War_II [2] https://en.wikipedia.org/wiki/Spain_during_World_War_I https://en.wikipedia.org/wiki/Spain_during_World_War_I
      - mkl95 5y ago
        You are right. Spain basically destroyed itself between the late 19th century and the early to mid 20th century.
vhgyu75e6u 5y ago
> everything is extremely cheap including real estate If you have the salary of SV sure, the real state is cheap but for those working and living in Spain it is not
- deleted 5y ago
  [deleted]
- hatsubishi 5y ago
  You can buy a nice flat in some areas for less than 20k € so I'd say it's quite cheap, even for locals. There's a website that pairs local salaries to time it takes to buy property and in Spain is quite low. Rent for a room in a city centre goes from 200€, nice flat 500€ big one 600€ Regarding salaries, it's smaller number of currency units but things are very cheap as well, really great place for investing. Infrastructure is better than in central Europe (was there recently for over a month) so it has everything to grow, and it most definitely will.
  - mkl95 5y ago
    > Rent for a room in a city centre goes from 200€, nice flat 500€ big one 600€ Rent for a room in the centre of Barcelona or Madrid goes from €500, nice flat €900 big one €1200+. If you work in tech, there's a high probability that you work for a company with their HQ there. If you combine that with the fact remote work culture is still settling in, there's also a high chance that you also live there. > You can buy a nice flat in some areas for less than 20k A nice flat in the outskirts of Barcelona or Madrid should be about 200-250k. As you get closer to the centre, prices approach 400k, even 500k+ in some areas. Other than that, Northern Spain has some infamously expensive areas that are comparable to Barcelona and Madrid. Same thing happens in the Costa Brava, some areas in the outskirts of Madrid, and some areas in Southern Spain. Also, only 11% of the workforce work under what locals call an "indefinite contract". Banks only trust that 11%. Spain is ideal for a digital nomad that is willing to live in some run down area or what people call "Empty Spain". And even in those places, finding a nice flat for €20k sounds like a pipe dream. Honestly, if I were a digital nomad from some European country and I wanted to move to Spain, I would just move to Andorra. Spain is a short drive away and taxes are way lower.

ChuckNorris89 5y ago

>wealth generated before Yeah, "generated".

rmbyrro 5y ago
"Generated"... by Africans and South Americans. But yesterday it was OK to do what Russia is doing now.
- vhgyu75e6u 5y ago
  Ah yes generated at least 200 years ago and were absolutely untouched during a Civil War and 2 worl wars destroying Europe
  - rmbyrro 5y ago
    Spain was practically untouched during both World Wars. Surprisingly - for an European country - it was one of the few states to remain neutral during the conflicts. [1] [2] [1] https://en.wikipedia.org/wiki/Spain_during_World_War_II https://en.wikipedia.org/wiki/Spain_during_World_War_II [2] https://en.wikipedia.org/wiki/Spain_during_World_War_I https://en.wikipedia.org/wiki/Spain_during_World_War_I
    - mkl95 5y ago
      You are right. Spain basically destroyed itself between the late 19th century and the early to mid 20th century.

vhgyu75e6u 5y ago

> everything is extremely cheap including real estate If you have the salary of SV sure, the real state is cheap but for those working and living in Spain it is not

deleted 5y ago
[deleted]
hatsubishi 5y ago
You can buy a nice flat in some areas for less than 20k € so I'd say it's quite cheap, even for locals. There's a website that pairs local salaries to time it takes to buy property and in Spain is quite low. Rent for a room in a city centre goes from 200€, nice flat 500€ big one 600€ Regarding salaries, it's smaller number of currency units but things are very cheap as well, really great place for investing. Infrastructure is better than in central Europe (was there recently for over a month) so it has everything to grow, and it most definitely will.
- mkl95 5y ago
  > Rent for a room in a city centre goes from 200€, nice flat 500€ big one 600€ Rent for a room in the centre of Barcelona or Madrid goes from €500, nice flat €900 big one €1200+. If you work in tech, there's a high probability that you work for a company with their HQ there. If you combine that with the fact remote work culture is still settling in, there's also a high chance that you also live there. > You can buy a nice flat in some areas for less than 20k A nice flat in the outskirts of Barcelona or Madrid should be about 200-250k. As you get closer to the centre, prices approach 400k, even 500k+ in some areas. Other than that, Northern Spain has some infamously expensive areas that are comparable to Barcelona and Madrid. Same thing happens in the Costa Brava, some areas in the outskirts of Madrid, and some areas in Southern Spain. Also, only 11% of the workforce work under what locals call an "indefinite contract". Banks only trust that 11%. Spain is ideal for a digital nomad that is willing to live in some run down area or what people call "Empty Spain". And even in those places, finding a nice flat for €20k sounds like a pipe dream. Honestly, if I were a digital nomad from some European country and I wanted to move to Spain, I would just move to Andorra. Spain is a short drive away and taxes are way lower.