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I moved to Cascais near Lisbon from the UK 5 years ago. It find it remarkable how many Americans I have met, that have moved here recently, especially from Cali
by garyclarke27 4y ago
I moved to Cascais near Lisbon from the UK 5 years ago.
It find it remarkable how many Americans I have met, that have moved here recently, especially from California. They all seem to be happy with their decision.
- shankr 4y agoI mean it's just cost arbitrage for all of these Americans. Soon enough, it's already happening, they will be out-pricing each other. They are willing to pay rents which would be average monthly salary in Lisbon. The annoying aspect of this is that Americans with their higher purchasing power sell the narrative that Europe is cheap. It's only cheap if you are making American salaries. For locals and large number of Europeans, it's far from cheap.