8 ms·
I'm a relatively new immigrant to the US, Seattle area, spaniard but moved from the UK. I'm actually extremely tempted to move back to Spain and my experience i
by angarg12 3y ago
I'm a relatively new immigrant to the US, Seattle area, spaniard but moved from the UK. I'm actually extremely tempted to move back to Spain and my experience in the US so far has been very negative.
Very high cost of living, inflation, uncertainty due to layoffs, salaries down due to a combination of lack of raises and stocks going down, housing price still increasing despite the high interest rates, which have made real estate even more unaffordable. To top things up the green card priority dates for my immigrant class have gone back, so I have even more uncertainty of when I will achieve permanent resident status.
I don't know the circumstances of the people that you describe, but Europe is looking way more attractive than the US. The whole reason why I left Spain was lack of jobs and low salaries, but Covid and remote seem to have incredibly improved the situation (I know from second hand accounts).
The only reason I'm holding on is a combination of sunken cost fallacy and an unjustified optimism in the future. It took me years and tons of effort to move my family to this country, so I'm not ready to give up just yet. I'm also aware than my bad experience is in part due to random circumstances, and if the situation improves (both for me personally, and for the country as a whole) my experience will be different.
Still, I give it a 50%/50% chance that in 3 years I will hate my situation here, give up and move back home.
- totallywrong 3y agoIf you're open to it I feel like the sweet spot right now, specially for Spanish speakers, is to work remotely from somewhere in LATAM, earning in dollars or euros and spending in local currency.
- throw_nbvc1234 3y ago"inequality is bad for you so go move someplace where you can contribute to making inequality even worse for the locals"
- totallywrong 3y agoHow is it bad to bring foreign money into a country and spend it on the local economy?
- howLongHowLong 3y agoFor one, because if there are enough people to pay higher prices, the market will reflect that and the locals will have to deal with the new costs despite the fact that there are no local jobs paying enough to afford these things. So yeah for people who are already merchants (likely a minority) it's great; everyone else gets poorer. Thus, inequality increases. This is already playing out in US cities.
- totallywrong 3y agoI won't pretend to know about this stuff. What I can tell you is that, since covid and the advent of remote work, so many countries have been rushing to launch some sort of "digital nomad" visa, precisely to attract this new type of worker. So clearly they've determined the model to be a net positive for the economy.
- nmeta 3y agoI cannot pretend to have an adequate breadth of geopolitical knowledge on this topic nor an understanding of the underlying reasons behind the various governments and the advent more recent "nomad visas". However my knee-jerk reaction is that, the various programs governments will incentivize regarding foreign investment and relocation are not necessarily in the best economic or social interests of the locals for a given area, despite that governments intent. One story I recall from earlier this year was regarding Lisbon and the backlash against their visa [1]. From the article it's obvious there were other (tax) incentives that existed prior to the nomad visa, however it appears to me that the visa was a turning point in public discourse on the topic, as it incentivized highly paid individuals to relocate to Lisbon (4x the average Portuguese salary). Though I don't disagree that it could still have been weighed by the government and determined it to be a net-positive still. [1] : https://www.politico.eu/article/portugal-digital-nomads-bubble-gentrification/ https://www.politico.eu/article/portugal-digital-nomads-bubb...
- totallywrong 3y agoPortugal has been handing out extremely desirable EU residency to very wealthy people for more than 10 years, in exchange of real estate investment. I don't blame them, together with Greece they were the hardest hit by the last global crisis. But of course that was going to noticeably drive prices up. A lot (most?) of those investments are now airbnbs which is the real problem they have. I don't think this can be compared with the recent wave of nomad visas that are little more than extended tourist permits.
- angarg12 3y agoI lived in 5 countries in 10 years, and I'm not up for geo-arbitrage to scrap a few more dollars in my income. If I got a global remote job, rather than moving halfway across the world, I rather move close to my family and friends. Plus, some countries in LATAM have the same issues we dislike about the US but magnified (e.g. inequality).
- deleted 3y ago[deleted]
- totallywrong 3y agoIt's not geo-arbitrage, the extra income is a side benefit. For me personally, I'm happier in these parts, and I too lived in very many places. I enjoy the slower pace of life, greater sense of community, and lesser individualism. Living in the West today feels like constant competition. But of course it's far from perfect and not for everyone.
- deleted 3y ago[deleted]
- _gabe_ 3y ago> I'm a relatively new immigrant to the US, Seattle area > I don't know the circumstances of the people that you describe, but Europe is looking way more attractive than the US The US is giant. I always find it funny when people try to use anecdotal evidence of their lived experience in a single expensive city in the US to describe the entirety of the US, when that is absolutely, unequivocally, not representative of the vast majority of the US. Check out the prices of an apartment in Seattle[0] vs Austin[1], or NYC[2], or Pittsburgh[3], or Indianapolis[4]. When I lived in Seattle, I was paying around $1900 a month for a microstudio with around 600 square feet. According to the website I pasted below, that would get you a 4 bedroom apartment in Indianapolis (which sounds about accurate, I'm currently spending less than that for a 1400 square foot 2 bedroom apartment on the east coast). In other words, it would be like if I moved to London and then declared the entirety of Europe (not just the UK because the US is around 96% the size of all of Europe[5]), and then declared that Europe just isn't for me because of how expensive it is in London, and how the culture is and... etc. Now, I'm not denying your experience and I believe you 100% having lived there myself. I also am not going to pretend picking up and moving across the country is something you can just do at a whim's notice. I'm only cautioning against extrapolating your experience on this single city to describe an entire country that is almost the size of the entire continent of Europe. [0]: https://www.renthop.com/average-rent-in/seattle-wa https://www.renthop.com/average-rent-in/seattle-wa [1]: https://www.renthop.com/average-rent-in/austin-tx https://www.renthop.com/average-rent-in/austin-tx [2]: https://www.renthop.com/average-rent-in/new-york-ny https://www.renthop.com/average-rent-in/new-york-ny [3]: https://www.renthop.com/average-rent-in/pittsburgh-pa https://www.renthop.com/average-rent-in/pittsburgh-pa [4]: https://www.renthop.com/average-rent-in/indianapolis-in https://www.renthop.com/average-rent-in/indianapolis-in [5]: https://www.mylifeelsewhere.com/country-size-comparison/europe/united-states https://www.mylifeelsewhere.com/country-size-comparison/euro...
- midoridensha 3y agoSomeone from Europe and who likes European culture will probably be OK in Seattle (except for the problems the OP cited). They're not going to be happy living in Pittsburgh or especially Indianapolis. You're entirely ignoring the quality of life and culture differences that come with these different places. There's a reason people want to live in NYC and Seattle, and not in Indianapolis.