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Those other countries' wealth is often mostly composed of the kind of thing that is easy to enjoy as a tourist and hard to enjoy as a resident. E.g. beautiful
by ahmeneeroe-v2 2y ago
Those other countries' wealth is often mostly composed of the kind of thing that is easy to enjoy as a tourist and hard to enjoy as a resident.
E.g. beautiful real estate that is owned by the same family that owned it hundreds of years ago. An American tourist can rent space there and enjoy but a resident can never hope to earn enough to buy a piece of that.
or amazing public transit, which to a resident is just a commute to work but an American tourist sees the novelty in
- roughly 2y agoI live in a city that tourists visit in America, I'm not getting starry-eyed on account of some old buildings.
- red-iron-pine 2y ago> E.g. beautiful real estate that is owned by the same family that owned it hundreds of years ago. An American tourist can rent space there and enjoy but a resident can never hope to earn enough to buy a piece of that. The US housing market is ossifying rapidly and will likely be exactly the same within a generation. Canada and Australia are as well.