6 ms·

There are problems with tensions between locals and digital nomads in several places, especially Portugal, but also in a lot of major cities where they are havi

There are problems with tensions between locals and digital nomads in several places, especially Portugal, but also in a lot of major cities where they are having a similar effect to Airbnb. A big issue is the strength of the US dollar simply makes it impossible for anyone else to compete and attracts so many Americans.

manuelabeledo 3y ago
> There are problems with tensions between locals and digital nomads in several places, especially Portugal I have never heard of this before, and I have a few portuguese friends. Also, in the context of Lisbon, I doubt that 16,000 salaried workers [0] could influence the market to that extent in a city of 500,000 people, especially given that digital nomads make, on average, $120,000 [1]. It seems to me that digital nomads are the new scapegoats for people who don't like to point their finger inwards. [0] https://web.archive.org/web/20221227111848/https://nomadlist.com/people/lisbon https://web.archive.org/web/20221227111848/https://nomadlist... [1] https://www.twoticketsanywhere.com/digital-nomad-statistics/ https://www.twoticketsanywhere.com/digital-nomad-statistics/
- peoplearepeople 3y ago
  Depends how many houses there are, if they had 'just enough' then adding any amount of people can cause a large price spike as everyone tries to outbid each other for remaining inventory. The price increases can become sticky as people start joining the market to speculate
- thatfrenchguy 3y ago
  > Also, in the context of Lisbon, I doubt that 16,000 salaried workers [0] could influence the market to that extent in a city of 500,000 people, especially given that digital nomads make, on average, $120,000 [1]. 16000 out of 500000 people will definitely move the needle quite a bit in housing, given the small % of people who move every year
- witchesindublin 3y ago
  16,000 digital nomads that need individual housing, in a culture where multiple generations of families live together.
  - manuelabeledo 3y ago
    This is nonsense, and definitely not a thing in Portugal.
    - witchesindublin 3y ago
      It's famous that the Portuguese and Spanish live with their parents until 30s (increasingly 40s) and usually close to their grand parents.
      - ilyt 3y ago
        Isn't that just housing market going to shit ?
      - manuelabeledo 3y ago
        Because the housing market has been effectively closed to many young people for a couple decades now. Was the 2008 crisis also caused by digital nomads?
- arp242 3y ago
  > especially given that digital nomads make, on average, $120,000 Minimum wage in Portugal is about €760/month, or $10,000/year. You're seriously underestimating how much $120k is.
  - manuelabeledo 3y ago
    I think you are overestimating the impact of 16,000 people in a city like Lisbon. The median salary of a digital nomad is sure lower than $120,000. I don’t have numbers, but I would say it should be closer to $60,000. Average salary in Lisbon is also roughly $48,000. If locals want to blame someone, perhaps investment banks eating up the available housing stock would be a better target.
chinchilla2020 3y ago
16k digital nomads will have a negligible effect on a country the size of Portugal.
rcpt 3y ago
AirBnB disregards zoning laws to repurpose residential housing as hotels. It's a completely different thing from new workers moving in to a city.
throw1623 3y ago
[flagged]

manuelabeledo 3y ago

> There are problems with tensions between locals and digital nomads in several places, especially Portugal I have never heard of this before, and I have a few portuguese friends. Also, in the context of Lisbon, I doubt that 16,000 salaried workers [0] could influence the market to that extent in a city of 500,000 people, especially given that digital nomads make, on average, $120,000 [1]. It seems to me that digital nomads are the new scapegoats for people who don't like to point their finger inwards. [0] https://web.archive.org/web/20221227111848/https://nomadlist.com/people/lisbon https://web.archive.org/web/20221227111848/https://nomadlist... [1] https://www.twoticketsanywhere.com/digital-nomad-statistics/ https://www.twoticketsanywhere.com/digital-nomad-statistics/

peoplearepeople 3y ago
Depends how many houses there are, if they had 'just enough' then adding any amount of people can cause a large price spike as everyone tries to outbid each other for remaining inventory. The price increases can become sticky as people start joining the market to speculate
thatfrenchguy 3y ago
> Also, in the context of Lisbon, I doubt that 16,000 salaried workers [0] could influence the market to that extent in a city of 500,000 people, especially given that digital nomads make, on average, $120,000 [1]. 16000 out of 500000 people will definitely move the needle quite a bit in housing, given the small % of people who move every year
witchesindublin 3y ago
16,000 digital nomads that need individual housing, in a culture where multiple generations of families live together.
- manuelabeledo 3y ago
  This is nonsense, and definitely not a thing in Portugal.
  - witchesindublin 3y ago
    It's famous that the Portuguese and Spanish live with their parents until 30s (increasingly 40s) and usually close to their grand parents.
    - ilyt 3y ago
      Isn't that just housing market going to shit ?
    - manuelabeledo 3y ago
      Because the housing market has been effectively closed to many young people for a couple decades now. Was the 2008 crisis also caused by digital nomads?
arp242 3y ago
> especially given that digital nomads make, on average, $120,000 Minimum wage in Portugal is about €760/month, or $10,000/year. You're seriously underestimating how much $120k is.
- manuelabeledo 3y ago
  I think you are overestimating the impact of 16,000 people in a city like Lisbon. The median salary of a digital nomad is sure lower than $120,000. I don’t have numbers, but I would say it should be closer to $60,000. Average salary in Lisbon is also roughly $48,000. If locals want to blame someone, perhaps investment banks eating up the available housing stock would be a better target.

chinchilla2020 3y ago

16k digital nomads will have a negligible effect on a country the size of Portugal.

rcpt 3y ago

AirBnB disregards zoning laws to repurpose residential housing as hotels. It's a completely different thing from new workers moving in to a city.

throw1623 3y ago

[flagged]