3 ms·

The older a society is, the more boomers get their way, and that's where the root of the whole southern europe misery lies. Young people are trapped in the coun

by seydor 3y ago

The older a society is, the more boomers get their way, and that's where the root of the whole southern europe misery lies. Young people are trapped in the country and the best option objectively is to leave. (Or to somehow undemocratically lower taxes and make the country competitive) Are there really so many digital nomads in Portugal that they raise prices? Airbnb is certainly a factor (although a lot of airbnb inventory is not houses one would like to use as home), but i think the #1 factor is the golden visa. It pumps up the prices of mediocre homes because their owner are not feeling the pressure to sell and are waiting for the big fish.

somewhereoutth 3y ago
Golden visas will only push up the top end of the market. They won't affect the 100-200k valued properties that (reasonably well off) Portuguese people might be going for. And it is easy enough to build some concrete boxes with a nice view a long way from anywhere that a Portuguese person or family might want to actually live, and turn it over to a golden visa seeker for that cool half mil euro (or whatever it is). I can point them out to you the next time you come by!
candiodari 3y ago
This society is old because it does not provide reasonable opportunity for youths. It can't (and won't) pay for opportunities for young people, and it can't survive without young people. Even here, the situation is trivial: they need to pay more. As simple as that. This is a huge problem in essentially all of Southern Europe, not just Portugal. Frankly, it's "not that bad" in Portugal, compared to for example Northern Spain. Currently this situation is masking the same problem in North West Europe (.uk, .ie, parts of .fr, .be, .nl and parts of .de). There is a vast shortage of younger people which is temporarily somewhat covered by immigration of skilled labor from places where it's a lot worse. However, that immigration is drying up, and already cannot cover the "natural" outflow (ie. pensioners, and people outright dying). And there's also emigration, which makes the picture pretty bad. The problem is not just very visible in the financial situation, it is very visible in actual population statistics. Despite the complaints about it, even the inflows due to conflicts such as Afghanistan, Sudan, and the same will be true now with Israel, these conflicts cannot get Europe to breakeven anymore for even a month.

by seydor 3y ago

somewhereoutth 3y ago

Golden visas will only push up the top end of the market. They won't affect the 100-200k valued properties that (reasonably well off) Portuguese people might be going for. And it is easy enough to build some concrete boxes with a nice view a long way from anywhere that a Portuguese person or family might want to actually live, and turn it over to a golden visa seeker for that cool half mil euro (or whatever it is). I can point them out to you the next time you come by!

candiodari 3y ago

This society is old because it does not provide reasonable opportunity for youths. It can't (and won't) pay for opportunities for young people, and it can't survive without young people. Even here, the situation is trivial: they need to pay more. As simple as that. This is a huge problem in essentially all of Southern Europe, not just Portugal. Frankly, it's "not that bad" in Portugal, compared to for example Northern Spain. Currently this situation is masking the same problem in North West Europe (.uk, .ie, parts of .fr, .be, .nl and parts of .de). There is a vast shortage of younger people which is temporarily somewhat covered by immigration of skilled labor from places where it's a lot worse. However, that immigration is drying up, and already cannot cover the "natural" outflow (ie. pensioners, and people outright dying). And there's also emigration, which makes the picture pretty bad. The problem is not just very visible in the financial situation, it is very visible in actual population statistics. Despite the complaints about it, even the inflows due to conflicts such as Afghanistan, Sudan, and the same will be true now with Israel, these conflicts cannot get Europe to breakeven anymore for even a month.