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@fcardoso67
Жыл бұрын
for me as a portuguese this is the main problem: We live in a country with portuguese salaries, but our houses are on an international market.
@mariaeugenia7599
Жыл бұрын
There are many portuguese people living in higher paying countries. By moving there, they have increased the housing costs in those places.
@PureAlbania
Жыл бұрын
@@mariaeugenia7599No, because most of them work in the low paying jobs in that country. Nothing comparing to what happens in Portugal where this Americans earn multiple times the medium wage.
@nas0075
Жыл бұрын
@@PureAlbania Not true. I lived in the USA( New Jersey to be exact) and Portuguese migrants did and do very well. Many of them successful business owners.
@RemofRenaissance
Жыл бұрын
I agree (and I would like to move to Portugal also but feel bad about potentially being another expat). I’ve looked at the responses and I think that Portuguese moving out is not similar as they would move to countries that have higher GDP and wages so their impact is not as pronounced as people moving into Portugal with much higher earnings than the local market. Just my opinion anyway.
@marcuswiggins7472
Жыл бұрын
@@nas0075 They literally colonized brazil and founded san diego California I say they did pretty well for themselves. ALL immigrants come up in America at the expense of poor americans so yea there that
@LisaCulton
Жыл бұрын
Come to Switzerland - everything is already expensive, so nobody will blame you for anything. 🇨🇭 😅
@EF-yr4pk
Жыл бұрын
🤣 I'm not rich, but is funny to see this comment. Greetings from a Venezuelan in Chile.
@nobackdown
Жыл бұрын
As a Portuguese I will always welcome foreigners and be happy that they want to be here . We are nice it's our nature.
@daniroth7135
Жыл бұрын
I think these conversations are important, especially with locals. As an American with property we will retire to in the Algarve, I too feel strongly about respecting the norms of Portugal, and Portuguese locals. As a person born and raised in California, I am drawn to Portugal because it reminds me of much that was valued about growing up here; kindness, health, neighborly, social, a value for life and living it with a humble sense of self. So the perspectives of the valued locals is important to me and a valid, ongoing, converstation. Thanks guys...
@ruinunes8251
Жыл бұрын
Thanks for bringing your valid points and from what you are saying, you seem to be a honest person.
@veganfamilyadventures
Жыл бұрын
The cost of living has increased exponentially since we moved to Lisbon in 2021. In fact, the apartment that we rented for a year for 1700€ per month is now renting for 2200€. We ended up buying an apartment in Almada so we could ensure a lower monthly price than what we paid in rent. We had planned on buying in Lisbon, but between January-May 2022, the price increased so much that we could no longer afford Lisbon. Almada is currently a great option for people priced out of the Lisbon market and it's just a short ferry ride to the center of Lisbon. The interview was great. I've talked to many Portuguese people about this issue and most of the ones I've talked to have said that they blame the government for the housing crisis. As you walk around Lisbon and Almada, you'll notice many abandoned or decaying buildings. Many of these buildings are owned by the State and they just sit there. The State could invest money in renovating these old buildings and then rent them out as affordable housing. There are many creative things that Portugal could do to help the local people who earn minimum wage.
@ObstaclestoOpportunities
Жыл бұрын
The state is not construction companies, smh they can not do everything for the people, it is up to the people to take those same housing projects and develop them, hence there are massive amounts of funds available for the people to change their own communities which at the end of the day it is their responsibility. It is not the governments job to fix housing, water, electric and etc. People need to stop making the government into parents.
@maryr7593
Жыл бұрын
There is a labor shortage of construction workers in Portugal.
@getbetterfinance
Жыл бұрын
I was in Lisbon last week and was surprised how expensive it is there. Restaurants, petrol and electronics same prices as in Germany. Pharmacy and drugstore was even more expensive. Real estate prices were also very high from what I've seen. The main station Oriente was full of homeless people downstairs maybe as a consequence. How can locals afford to live there with their average salaries?
@lr6477
Жыл бұрын
We're the homeless indigenous Portuguese?
@margaridaferreira480
Жыл бұрын
As a Portuguese, I don´t think the Expats or Nomads are the problem...the problem is our Income! The average Income in Portugal is 1200/1500 euros per month...the average! this means that there are many people earning 750/800 euros per month. We now see single mothers living in hostels with their children, all in ONE bedroom and having to use a shared bathroom...and many others living in tents in central Lisbon...
@Daniele_Irish
Жыл бұрын
Very intresting video!..but I am wondering if they would ever answer that problems are foreigners when a foreigner ask the question?😅
@AtoZDesign
Жыл бұрын
That man made a lot of sense - the interview could have been about Ireland, we have all the same issues at the moment, although with poorer public transport infrastructure.
@wilfredobenitez7275
Жыл бұрын
No doubt we foreigners are driving housing costs up. My wife and I moved to Lisbon in December, and rents had gone up 30% since our scouting trip 8 months earlier. Greed spreads everywhere. We had a conversation with friends who are looking at a €500. increase in monthly rent when they renew their lease. Folks considering moving here from the U.S. need to take a serious look at the insane housing increases. Yes, better deals are to be found in less coveted areas but these are also increasing. The Portuguese are very polite, they won’t tell you to your face that you are the problem but interestingly enough, when I play the Puerto Rican card, they are painfully honest about Americans coming. Foreigners are not the only factor driving up prices, but we are part of the problem, sadly.
@periscope7731
Жыл бұрын
The Madonna Effect. North Americans weren’t super aware of Portugal until she started living there. Is it a blessing or a curse? Depends on your point of view. It’s not just Americans that are moving to the country in droves. There are so many people in my community who have moved there or are making plans to move and retire to Portugal. I can’t help but wonder what impact this will have on the cost of healthcare and other services. BTW; I do not feel guilty as I have family connections to the country and am a Portuguese passport and identity card holder.
@ObstaclestoOpportunities
Жыл бұрын
People are moving there to reduce their cost of living and expenses, majority are not moving their to pay more. Locals are charging more for properties because they can and own the property. Most locals are always attempting to blame external factors and the majority of the issue is locals charging a surplus and citizens need to be more active in creating more housing, the government does not build home, so it is up the citizens to make the housing they want or demand. Who else is suppose to take care of grown adults.
@christobar
Жыл бұрын
There are not enough Americans, moving to Portugal to impact their national house prices. That is a completely false assertion. Look at the numbers, they are published.
@ruinunes8251
Жыл бұрын
@@christobarWhy on earth people think it is just the Americans putting pressure on the housing market? Yes, there are plenty of Americans but they are not the only ones. It is not fair to blame just Americans.
@JustLiveMag
Жыл бұрын
@christobar I agree but no one cares about the stats as it's more interesting to include Americans in the discussion or list them as partly the blame. This has been discussed for several years now and every time someone suggests looking at the real data versus engaging in hearsay discussions, the latter wins because discussing how Americans damage the world is popular. Apply the top 5 countries listed in the factual statistics to this discussion and no one is interested in engaging the topic. Add the U.S. and everyone wants to discuss it.
@supersueca1
Жыл бұрын
Some 15 years ago around 125 000 new houses were built on average per year in Portugal. At the moment we are down to 25 000/year. This problem started way before the tourist boom, and THIS is the core problem. Everything else just piles upon this. And this is not exclusive to Portugal.
@andrejota1151
Жыл бұрын
This is also true. Why are we seeing this problem? It’s the same story in the UK. I earn a good living and I’m struggling to get a house.
@andrejota1151
Жыл бұрын
Why is there such a lack of house building?
@galatea5455
Жыл бұрын
I'm so glad you made this video because this is exactly what I worry about as someone who wants to retire outside of the US. It's definitely been an ethical dilemma for me because I don't want my comfort and improved cost of living to come at the expense of the natives who live in the country I'd be moving to. I don't want my presence to make their lives harder or push them out of their own cities or country because I (and other foreigners) have made living there too expensive for them. I know what it feels like to be pushed out of your home. Even here in the US. I had to move out of the small town I grew up in because of mass amounts of wealthy people moving into the area and driving up housing costs. Our town was a rural agricultural village for most of my childhood, but in the last 10-15 years, it gained enough people to become a small city. Wealthy people started moving in from the big city we're close to because they wanted to live in a 'nice quite town' that was close to that bigger city, but with them coming in there has been a boom in housing development and all the housing is FAR too expensive for the actual community members that have lived in the town. In a town where homes used to be 100-200K, they're being sold for 400K today, and the new buildings being built are 600K and up!! Property taxes and the cost of utilities have also become astronomical. So I don't want to do that to the natives of wherever I would move.
@ruinunes8251
Жыл бұрын
Well, if you don’t move, others will and the issues will still be happening. 😀
@carolinamoonbeam
Жыл бұрын
@@ruinunes8251 That’s actually a good point, Rui!
@BMarie-hr2md
Жыл бұрын
My sentiments too.
@classicaltoon
Жыл бұрын
I think it depends, if you can buy a luxury house in Portugal with your money, that's fine, but if you want to save, and you prefer to pay a little more than the local market, for a normal house, that screws up our lives.
@GoJojo-lv6zi
11 ай бұрын
@@classicaltoon Yes, paying extra for no reason drives the market up. Although, I’m sure sellers try to get more out of foreigners and it becomes a vicious cycle.
@JeBeDee1818
Жыл бұрын
This is a major problem for so many areas. Down here in South Florida i was an expat arriving in 2009. Last rent payment was $1450 for a 3bdrm/2bath in 2015 when i bought. Now you can’t get a 1bdrm for that money unless its in a very very bad area. Quite bad for a service/tourism area where the lower paid employees are needed in high numbers to support the machine, but where should they live!?
@theshugashackpodcast2457
Жыл бұрын
I would be curious to hear from older locals.
@Shakira.zackery
Жыл бұрын
My city to live forever is Cascais. I love the beach. I love the Country and I really like the people. I love it there honestly.
@valmac1234
Жыл бұрын
I can relate. I live near Orlando Florida and our prices have increased drastically. Not just from California and New York where people have had higher salaries but the entertainment tourism has brought in international tourists too.
@shinyshinythings
Жыл бұрын
Here’s what I think: the flaw is not in the DN’s, it’s in the DN visa itself. (Speaking of the D7 here, since the D8 is so new.) The requirements include a signed 12-month lease, and I think it’s a big culprit. Housing is scarce for everyone, and so DN’s compete with other DN’s, deep-pocketed retirees, etc. They end up putting down huge deposits, paying a year’s worth of rent up front, even raising their own rent, all so a landlord will pick them. (Yes I’ve seen DN’s brag of doing all of these things.) I’m afraid I can’t blame the landlords for getting what they can, but it wouldn’t be necessary if the visa rules allowed people to come and stay in a short-term rental while they look for a place to live.
@periscope7731
Жыл бұрын
Thanks. I’ve been waiting for this topic of discussion because I am sensitive to the needs of average Portuguese workers. €1000 per month rent is IMO a big monthly expenditure for someone, like myself, who is not wealthy and is planning on retiring to Portugal with a fixed income. Fortunately there are other Portuguese cities to explore that offer more affordable options for accommodations.
@jadexplores2100
Жыл бұрын
What cities are you considering?
@periscope7731
Жыл бұрын
@@jadexplores2100 Coimbra and Braga.
@msgr70
Жыл бұрын
@@periscope7731 both are great options. As a former colllege student in Coimbra, I can say that it's a great city. However, I'd advise you to do a proper research on your housing options. At night, the city centre is very popular with student life, specially during certain weeks of the academic year. Also, it's a very hilly city. ;)
@wilfredobenitez7275
Жыл бұрын
As people gravitate to these places prices will also increase.
@periscope7731
Жыл бұрын
@@msgr70 Thanks for the great advice.
@msgr70
Жыл бұрын
I tottally agree with them. The issue here is not the lack of newly-built housing, but the lack of governmental investment on old flats and buildings that already exist. From the total number of empty properties in Lisbon, more than half belongs to the State! These numbers were on the news a few days ago. The government, who should lead by example, is doing everything but taking care of the State's properties. Furthermore, landlords find themselves in a very difficult place, since the law is often not on their side, so they either refuse to let the properties or they impose very strict rental conditions in order to safeguard their interests and prevent their properties from being damaged. As a local living in Lisbon, I too think that Portugal is a great country to live in and I'm happy that tourists, digital nomads and expats, come to visit and stay. It gives a wonderful multicultural, vibrant feel to the city. Unfortunately, it also puts some strain in the cost of living, but I think that's just a natural consequence that comes with it. The problem is that, again, the Governement, makes us pay way too much taxes and the wages are ridiculously low, at all levels of society, from teachers, to the police force, nurses, doctors, etc... and we can't keep up with the rising costs. Thank you @OurRichJourney for another great video and for holding my city close to your hearts!
@periscope7731
Жыл бұрын
How about garment and footwear factory workers? Are they being fairly compensated? I’ve noticed that the French designer brand LEMAIRE has outsourced production for certain items to Portugal, and so have MANY of their competitors #madeinportugal
@rickj.9202
Жыл бұрын
If you want to decrease housing prices, increase the quantity of housing on the market. This is Econ 101. It isn’t rocket surgery.
@AngryVet44
Жыл бұрын
the cyclical problem is lower prices will attract more and more people, eventually you run out of space.
@PureAlbania
Жыл бұрын
Exactly... More people would come. Economics 101
@rickj.9202
Жыл бұрын
@@AngryVet44 No, you would reach equilibrium by reducing prices and changing the immigration laws to prevent non-Portuguese from purchasing housing.
@mikeyiorio1880
Жыл бұрын
There is only so much finite land. At one point it will run out and prices be more extreme as the decades go on
@rickj.9202
Жыл бұрын
@@mikeyiorio1880 Take all the countries in the world. Put them in order of birth rate, from high to low. Portugal is second from the lowest. It’s literally 8.5 births per 1,000. Niger is 49 per 1,000. Indigenous overpopulation isn’t a problem in Portugal.
@sarahthompson5066
Жыл бұрын
Great discission and THANK YOU for talking about the "Elephant" in the room or the foreigners (expat issue) and how it has possibly changed the local prices/rents. Really great video and gives me food for thought!
@cachibaladomingos2560
Жыл бұрын
Expansion to other cities will take the pressure of Lisbon. There are many great places to live in Portugal but people somehow mostly want be in Lisbon. I do think rent control are about to be put in place and also remember, they canceled the Golden visa.
@dfk09
Жыл бұрын
This interview was an eye opener. I've dreamed of living in Portugal one day and discovering your channel was a sign. I became worried when I heard about the cost of living increases there. But like you said, this is happening all over the world. I live in South Florida, the cost of living has increased dramatically here as well. I will be there for myself in November. Thank goodness I will be staying at a hotel instead of an Airbnb. I'm starting to understand the damage that they have been doing to local economies, here in South Florida too.
@ruinunes8251
Жыл бұрын
Who is making the damage? Air BnB?
@christobar
Жыл бұрын
People “feel” that Airbnb raises house prices, and in some micro localities that may be true. But the numbers tell a different story on the macro scale.
@samanthaabreu782
Жыл бұрын
There's a lot of arguments but let's be honest, most of the time the prices are becoming higher because of greed. People need to live somewhere, so they know that even if they put their prices up 100%, they always are going to find someone to pay the rent.
@HumbleKeto
Жыл бұрын
Unfortunately, successive Portuguese governments have relied heavily on private investment for the construction of housing, which is particularly damaging in a tourism-dependent economy. The current market is highly vulnerable to speculation. If not the expats, then it is the growing number of young adults turning adults and need housing, Portuguese emigrants buying holiday homes back home, people buying second homes (for holiday or investment), the much needed immigration, the country’s popularity… RENTERS! The demand for housing is far higher than what’s been supplied. Even without any expats, these problems would still persist. You ask “Why is the supply so short?” Lack of government investment, coupled with horrendous, uncertain and unpredictable housing legislation driving private landlords out of the rental market. One solution probably not talked about much is good transportation infrastructure, which will virtually expand the city by shortening commuting journeys.
@hrhsophiathefirst4060
Жыл бұрын
These two are very compassionate and well-informed. Blaming and limiting tourists and travelers will not help the country economically or culturally. It is a very nuanced issue and has to be addressed by the respective governments as it pertains to infrastructure and the local economies.
@tiagolesi
Жыл бұрын
There's many reasons for the higher rents in Portugal and solutions for it like were said in the video, but for me the main point is that our salaries are very low compared to our neighbouring countries. We have the same rents as in major cities in Spain, Netherlands or France but with very low salaries. We still want to have a cheap country (except rents), with cheap food, services, work and that is a wrong strategy for the country. We should promote ourselves as a country that has great food, weather, services, work professionals but with a higher price tag, so that companies and government can increase the salaries substantially.
@carlloureiro1628
Жыл бұрын
Cheap food 😂 in Portugal? Ha ha where do you live?
@tiagolesi
Жыл бұрын
In Amsterdam, so comparing with other european capitals 😉
@christobar
Жыл бұрын
What we found is that eating at a restaurant every meal for 5 people for a week in Lisbon is cheaper than buying groceries in our city Im the US
@cann9155
Жыл бұрын
They are smart. Excellent interview. Thanks ❤Amon & Christina.❤Great job Sunoa!❤
@srigouriv.murthy9340
Жыл бұрын
The best kept secret about Lisbon are its amazing people! Like these 2!
@danelledautrievesanford
Жыл бұрын
Great interview. I'm looking forward to watching the rest of the series.
@ruinunes8251
Жыл бұрын
Me too.
@suzyrodrigues7990
Жыл бұрын
The problem with foreigners going to Portugal or anywhere else for that matter, especially Americans (i am an American/Portuguese) is comparing everything to the states and finding everything cheaper. You cant compare. I read all the time, oh my i bought a house on thr shore line for half million back in the states it would be a million. Yes true, in the states, you are not in the states. Realtors and sellers know this and are actually taking advantage of the situation pushing potential Portuguese born and even European born out of the market. Same thing is happening in the states they come from expensive states and buy in inexpensive states creating bidding wars in the inexpensive state creating a problem for locals. Those that have means i applaud you, not everyone is your boat. My 2 cents on the matter. Someone mentioned also airbnbs, i believe that too, but again what are people willing to pay. I was in lisbon a few weeks ago, i paid 100 a night for a room no frills it was ridiculous. Im definitely not doing it again. Turned an apartment into 5 individual rooms. Perhaps some regulation on this. I dont like government interference but if it is causing distress on others perhaps a look into it.
@BMarie-hr2md
Жыл бұрын
Government and local authorities is the problem.
@gigisummer109
Жыл бұрын
Of course it is contributing to the rising prices! They are just such lovely people they don't want to blame the expats.
@Sophia58959
Жыл бұрын
I'm portuguese currently living in Germany. I dont think we blame expats but the reality is that the prices increased due to tourism, elder people coming to Portugal to retire, foreigns buying holidays houses and apartments in Portugal and now digital nomads. The reason for this is linked to the government because they created financial benefits for foreigners to come to Portugal (some years ago there was a boom woth gold visas!). If we think about these examples, they come to Portugal with way more money available than a portuguese person and, due to this, the prices increase (which is how the market works in any country). One of the issues that Portugal has, when compared to other countries like Germany, is that the majority of things are centralized (Lisbon, Porto) and not well splitted around the country - a great example are the universities and big companies. A huge percentage of young portuguese adults are moving to other countries where they (including myself) are valued by our knowledge and expertise, paid quite well, with career progression, continuous training, besides having other work benefits. Compared to other countries, we are extremely welcoming, nice, not racists and don't blame foreigners and we know that the government contributed to this. Sooner or later, they will realize this, specially in several years when the population will get older and older. For me, it is heart breaking coming to Portugal in holidays as I see the cost of living increasing and increasing when i know that for locals is extremely challenging. At my work I have so many colleagues that are already thinking about retiring in Portugal and one of the very first questions when they met me is, why did you leave such a great country. When I do explain the average salary, the cost of apartment houses, cost of living, no real progression, no work life balance, they feel extremely surprised. Is it hard to live and work in a completely different culture? Yes, but my goal is build great foundation for my family and, when coming here for holidays, I can share those things with the remaining family ❤ Note for those who plan to visit and live in Portugal, please come, for sure you will love it and I cant recommend it more. The only thing is do not work for a company in Portugal (due to salaries) unless you consider that to be a hobbie and will make you happy.
@deutschjetzt7789
Жыл бұрын
Just be grateful you don‘t live in Dublin, Ireland. I heard rent per month for 1000 and was like wow, cheap! Everything in Ireland is atleast 2000 in cities
@stevo728822
Жыл бұрын
Look at the data. The population of Portugal has declined from 10.6 million in 2009 down to 10.2 million in 2023. So it's not population growth or digital nomads that has raised property prices. There are 14,700 AirBnBs in Lisbon. A tiny fraction of the housing supply. But there were also 48,000 vacant properties in Lisbon in 2021, almost 15% of the housing stock. I suspect many of these are in poor condition requiriing expensive refurbishment and structural work. The real reason for increasing property prices may simply be a decade of cheap loans because of the ECB's ultra base rate. But that era has now come to an end. Portugal has been identified as the country in the EU most susceptible to a crash in property prices as short term fixed mortgages will be renewed at much higher rates.
@desenvolvimentoprofissiona6738
11 ай бұрын
The point is.... housing is getting more expensive every fu$#ck where. Brazil, Canada, USA, New Zeland, Spain, etc... that`s inflation, that`s government problem mainly caused by USA printing money then followed by other countries. If there is someone to be blamed polititians are the ones in all levels. Also we, workers, should ask improved wages since we do the work while politians just live from taxes just like we are seing in USA (autoworkers). They are right asking better wages. Also another problem, CEOs get most of their payment in stocks so to make it goes up they will never think about improve wages, the only thing they care is the market cap from their companies. Thats another thing that we can sure blame.
@MashiroRedo
Жыл бұрын
Portugal needs to step up and help there people. No more international buyers unless they generate income for someone in Portugal. Expats wealth is too high. I’m an American
@ObstaclestoOpportunities
Жыл бұрын
Its a free country but your are changing it to king rule. First of all the people raising the prices are locals not international people. They are always blaming outsiders, but the facts are it is local which own the majority of the market. Duh, Portugal is not owned mostly by international people
@doz6521
Жыл бұрын
@@ObstaclestoOpportunitiesthat's true.
@ruinunes8251
Жыл бұрын
@@ObstaclestoOpportunities The more demand they have for houses, the more expensive they will be. Is that so hard to understand?
@everythingisfine9988
Жыл бұрын
That's a plan for the US too. Lots of foreign capital coming in and buying everything
@matthewmccarthy2406
Жыл бұрын
I think that every country should have their own version of Air BNB, And ban the American version. The Americans can have the USA. They are rich enough already. Why should a foreign company profit from your real estate? If there was a Portuguese Air BNB more money would stay in country. Rentals could be better tailored to the local situation, it would provide some local jobs, etc.
@lisahardy21
Жыл бұрын
I'm a Londoner and the exact same narrative regarding foreigners buying property is being used to account for high costs of rent and housing so this is a common theme.
@mwillye
Жыл бұрын
Portuguese countryside is almost desert. Why not bring new life to those areas? why does everyone want to be in Lisbon? Especially if you're a remote worker. You don't really need to be in Lisbon.
@bacacombdebida
Жыл бұрын
2 details... all cities became less affordable after this low interest period we had (Lisbon is not an exception) and on top of that, in the portuguese case, is foreigners having tax benefits when move to Portugal. The solutions is not block the access to foreigners... is apply the same tax rules for everyone and more inventory reducing the time to licenses to building and let the market do the rest. It will be a bunch of private investors willing to make more inventory...
@orlandomontfort5101
Жыл бұрын
Socialism in Portugal is to blame for the problems that we have in this country, not the tourists or expats!
@TigasFMS
Жыл бұрын
We will never be 100% honest on camera. The situation is simply heartbreaking and Americans can’t possibly comprehend it. I appreciate your effort for the video nonetheless. Thank you
@kellyroyds5040
Жыл бұрын
Americans can comprehend it because the same is happening to us. People from New York and California have found that they can get more for their money where I live. We're not going to be able to afford it much longer. Some people don't care, as long as they can get what they want.
@doz6521
Жыл бұрын
Americans know this all too well, what exactly do you think it means "bring your poor and tired"
@PinkieSmith
Жыл бұрын
@@doz6521 Not the same thing. 🙄
@PinkieSmith
Жыл бұрын
@@kellyroyds5040 That’s been happening here where I live in California for decades. The area I live in is very desirable, and although expensive, it’s more affordable for people from more expensive cities within and outside of CA. So, people come here with cash from the sale of their homes in amore expensive areas, bid up the prices, and the locals can’t afford to buy. Same goes for rentals. Landlords give notice to long time renters to move so they can upgrade/renovate the place, then the rent goes up so high that it’s no longer affordable. Or, they just raise the rent until their tenant can’t afford to stay, then they rent to the new tenant at a higher price.
@Luanavit22
Жыл бұрын
Great video, guys. It’s so important the get the opinion of real Portuguese people, from different backgrounds. ❤
@tsatsmana
Жыл бұрын
Same thing started in Greece about 3y ago.
@twinmommygenise
Жыл бұрын
I spent a month in Portugal last year and I find that overall the people from Portugal are very patient and incredibly polite. However, I wonder what they really think? It's a beautiful country and I agree Lisbon had everything. I wish I could relocate tomorrow.
@mwillye
Жыл бұрын
There's a certain resentment because of the huge wage gap between Portuguese people and American immigrants,
@inpsydout
Жыл бұрын
I believe this is a very complex problem.. I don't think foreigners are to blame DIRECTLY, but it does affect to have people with such disparity start to live in poorer places. Usually most just come live in these areas saying they "help people in the places", but really most they do is use their money in a way similar to feudalism. US people, specifically, for example, usually bring other problems like violence or alcoholism which does help the local economy but to what avail? Is it really worth it to have this people living these lives of over-consumption in these places? The fortunes they bring from other places are enough to live a very comfortable life in "third world countries" like mine, for example. Picture this.. In the US, the lower mid class baseline is like mid high o maybe even lowest high class in Honduras, my country. So think about it for a second.. what this means and the effect it has to have this people live in these places. Everyone will start to raise prices if areas begin to host more tourist, and land and food and rent prices become literally unaffordable for locals. Not sure how this problem can be fixed, but it's pretty bad, honestly.
@YobazlarDevri
Жыл бұрын
Increase the supply of housing is the solution like construction
@briant3404
Жыл бұрын
good job on interviewing,, you are a good listener and ask the right questions in the right way... my experience is that portuguese that don't speak english and many older portuguese often have a very different view of all those questions... generally the new generations are very nice and friendly and welcoming and open minded. ..
@ruinunes8251
Жыл бұрын
Wow, finally someone with the guts to speak about it and Oman not afraid to call himself a foreigner, hats off to you. I think it is the first time I make a comment in this channel even though I follow you guys for a while. Property prices? In my view, you need to see it from many ways. Nowadays AL or Alojamento Local (Air bnb) is a thing. The locals had many houses falling into derelict and then realised that there was money to be made with an air bnb and started refurbishing them which I aplaude them sincerely. It is not nice to see some old character houses falling into disrepair. Anything anywhere can be on air bnb as long as it looks good. I don’t blame whatsoever whoever takes the houses from long term renting to air BnB. Many many landlords in certain cases had to take tenants to court in order to have their properties back. With an air BnB, customer comes for a week or two and the house is again available, with more profit and without courts involved, no brainer isn’t it? Expats and digital nomads, well, it is a fact that Portugal, Madeira and other European places have more foreigners and expats than ever before. They need to stay somewhere, don’t they? Is it that hard to understand that if demand is bigger than the offer, the prices will go up and up? However, to mitigate this, more housing needs to be built in order to bring the prices down because housing is a right of every human being and at the moment, people can’t afford housing with €800 per month. Are the locals blaming the expats, foreigners etc? To a certain extent, yes. This is a new phenomenon happening in Portugal and in Madeira and they weren’t used to it. I don’t really care where the expats come from, I truly don’t. I have friends living in Madeira from America, Canada, UK, you name it. I deal with them better than with my own family. I’m glad to have them as friends. With good food, good weather, good wine cheaper than water, is it that hard to understand why they are coming to Portugal? I don’t think it is so and I don’t blame them. The thing is the locals are starting to feel the pain of not managing to afford housing and then some of these new foreigners live in their own bubbles not socialising whatsoever with the locals. I heard personally from some foreigners that the locals can’t say anything about the foreigners because some foreigners are bringing wealth to the country. Yes, some of the wealth they are bringing is going to the tax man’s pocket but when the poor local citizen can’t afford housing, do you think they will start to welcome foreigners with the open arms? Don’t be surprised if at some point you see fingers pointed at you because of prices are going up. It is a fact, and it is a matter of time. I have been through that for over 20 years, being a foreigner abroad. Are some of you offended with what I said? Possibly. I’m not politically correct. I say it as it is. I can’t wait for the rest of the series. Well done Oman for these series. Next time in Lisbon I will buy you a beer if you have availability in your diary.
@ObstaclestoOpportunities
Жыл бұрын
Again the locals are charging the prices, the international people are not coming to portugal to pay 3X above market price, you are being charge 3x in rent also, so everyone is getting took for the property. The end of the day does the Appraisal add up and majority of them do, most properties are not bought in all cash and most are not coming to throw money around "Some" but the same applies to local which are rich. Listen it is basic economics the demand is very high and that's the end of the story. Locals and citizens need to become real estate investors and build the developments they want with the proper returns they want for their effort to build affordable housing. Globally most people love to blame the government which is not a issue unless you are willing to place yourself in the same pot. The people are also not doing anything, those homes which were failing people walked by them as they went out to drink, dance or whatever for night. The people have ignored their own areas and lacked the co operation to build their own housing. The government is not GOD nor parents. So let's do it ourselves and stop blaming the government as if they are my daddy. We can place our funds together and build the homes, but let's be honest everyone has too much on their plate or too much netflix to watch
@myrahj1482
Жыл бұрын
This is what happened in North Carolina. So many businesses moved here and people from other states came here for the jobs. Now, local people can't afford the area. Gentrification at its best. They need to fix this. The new housing always costs more.
@doz6521
Жыл бұрын
Exactly. It's really everywhere.
@JF-vw9lv
Жыл бұрын
Its always the outsiders fault even though the locals failed to plan ahead and step their game up.
@DustinDamien
Жыл бұрын
as a New Yorker, I plan on colonizing North Carolina as well
@doz6521
Жыл бұрын
I understand the video, and when I visited Lisbon locals expressed the same (not so politely). But it seems to me that Europeans are getting very uncomfortable with the fact that their struggles are starting to mimic those of the rest of the world. It's as though these types of struggles were reserved for non-Europeans, and they take offense as if they're exempt.
@heatherwechter5278
Жыл бұрын
Thanks for sharing this conversation, sometimes I think it would’ve great if the Portuguese government brought the golden visa back but the investment vehicle option being an investment in affordable housing.
@jamaalbrown5082
Жыл бұрын
Great topic. I look forward to diving into it. Thank you for these varied topics.
@JustLiveMag
Жыл бұрын
This is an important conversation and I'm happy you are taking it on. My recommendation is that you include some statistical data to the discussion so we can hone in on the real issues/challenges versus the perceived. We can also use data to educate your audience regarding the perceived cost of living increases versus what is really documented. Perception can lead to unnecessary problems so we need to provide some clarity. People need to know through facts who might be immigrating here versus there perceived notion that it is simply one group or nation immigrating causing the problem. I truly believe there is a problem but I just want us all on the same page as we discuss the issues and seek ways to effectively influence change to support the Portuguese people. We (my family) do our part to be good immigrants here and I hope anyone seeking to move here does the same. We buy locally and support local festivals and traditions where we can. This country belongs to the Portuguese people (its not for sale) and we are their guests. I want nothing more than for them to be happy while I'm a guest in their home. If I can help find a solution, count me in.
@siempreamiga1
Жыл бұрын
Great topic! As a newbie digital nomad, I find myself thinking about this topic alot
@MR.B1004.
Жыл бұрын
Sounds like the Bay Area! Yes, there should be more affordable homes being built and one other thing is the increase of wages to keep up with inflation.
@anitainlisbon8836
Жыл бұрын
My parents got married in 1952 and they rented a very small room in a two bed apartment in Campo de Ourique in a “cave” they shared one bath with the family. In 1964 we immigrated in order to save up for a home. Twenty years later my parents bought a one bedroom apartment in Amadora So what as changed? Foreigners are not the problem, there are more issues involved. Such as not enough homes built. And many more issues.
@kwillie05
Жыл бұрын
I think most ppl can relate because the whole thing is cyclical. Similar situations happening wherever we call home cause us to leave to find a better environment but then we contribute to creating the same problem for those living in that environment. I think about this whenever I see something encouraging others to move to X location for a better life. It’s better largely because you have access to more income than the average local.
@brianmills4891
Жыл бұрын
I didn't hear anything about "greedy landlords". That's what everyone in America says, totally forgetting that property owner's expenses are constantly going up also.
@PedroSilva-gn6qo
Жыл бұрын
Lisboa the better place to live?? Never in a milion years. Porto and all north of Portugal us the best part in the entire world😂 Ok, maybe Lisboa isn't so bad to😊
@periscope7731
Жыл бұрын
😂
@victormpmac
Жыл бұрын
Gostos não se discutem, o melhor lugar mesmo para se viver é a minha aldeia nas beiradas da serra da Estrela é a minha opinião.
@Alfablue227
Жыл бұрын
Like I said often. Let it be clear, it is not the individual foreigner's fault itself. It is the foreign conglomerates that are buying up in bulk to sell, or rent at much higher prices to foreigners; that and also local landlords that are taking advantage of their own co-citizens. This is our government's fault, pure and simple. I hope your bringing the subject to the forefront, helps shed light on the problem, and that foreigners can understand how bad it is for some of us. Also it hopefully can bring pressure on our government to make the necessary changes.😮
@ObstaclestoOpportunities
Жыл бұрын
The majority of the issue is all locals. The local landlords are charging the high prices, Americans are not super rich and they are coming to reduce their expenses not increase or being taking advantage of by paying higher prices. The companies are small in comparison to the issue people are speaking about, people need to understand metro areas are going to increase in price with the major demand. It only make sense and it is not special to Portugal it is global fact. Makes massive amounts of sense when you think about it. I would not blame the government so much, again it is the peoples fault also. They are both hand and hand. The people are not doing much to change the situation also.
@andreikiselyov4921
Жыл бұрын
Yes, it’s necessary to have more investments into construction, but this investments need to be done by private companies not by the government! What government need to do is simplify and accelerate the process of getting permissions for construction, remove bureaucratic obstacles for businesses, get new laws that help construction industry, real estate industry in Portugal needs to be changed to be simpler and more efficient, taxes for all private companies needs to be lower with construction industry have a special treatment with very low all kind of taxes and fees for it! It’s should be free market solution not bureaucratic or socialist one!
@JenShea
Жыл бұрын
We are having a similar rental issue in Canada's capital. Rents have tripled, and incomes have not. It's quite disgusting. I like what the fellow said about Public Housing.
@actionvj
Жыл бұрын
Great conversation. Looking forward to this video series. Thank you. 👍🏾
@laurettecarolyne8599
Жыл бұрын
It's happening in Canada too. Maybe not as many digital nomads but lots of foreign students and high immigration.
@charmerci
10 ай бұрын
How about the effect of the 200,000+ Brazilians living in Portugal? There's only 7000+ Americans in Portugal.
@mauwdeemauwdee6837
Жыл бұрын
Inflation + increase of interest rates in certain regions has made it quite unaffordable for millions world wide. Unfortunately this is a different kind of pandemic we will all have to face.
@alfredoacostabeneficiaryak3239
11 ай бұрын
It’s not America’s fault. It’s the fault of their own country. They let their own currency fall in value just like America’s dollar. Using the Fiat currency is the problem. To say it’s America’s fault is completely ignorant…
@supersueca1
Жыл бұрын
Only about half the Portuguese pay rent. The other half are house owners. And the interest rates have gone up way faster than the rents and still on the rise.
@andrejota1151
Жыл бұрын
As a Portuguese I have no problem with foreigners coming. The problem I have is the 10 year tax break you get. It’s a huge advantage of the local. But Portugal problems is government spending and debt. Lack of innovation because governments don’t know the innovate.
@Ingrid_Abrams
Жыл бұрын
Try living in Prague, everybody and their mother brother and sister, even Portuguese are trying to move there. It's even worse with housing!!
@leonelduarte1822
Жыл бұрын
its very easy to scapegoat others for the failures of policy law makers since the Second World War. We need to understand on how the property owners were the social security of the Portuguese state for the last 50- 70 years. I just sold my 60 sp m apartment t Principe Real to .... a French, and in less than 1 and half month, I knew that my offer would be taken by a foreign. What people forget is that my generation (50 something) had the vision to buy propriety in Lisbon in the 1990´s and 2000 s and we were the responsible to renovate the gorgeous Lisbon that we have now... while people born in Lisbon they moved out to search for new apartments and better parking places on the outskirts of Lisbon. Now that the investment has been done and now that Lisbon is renovated, they are SURPRISED that they are priced out. We must keep in mind that on the aftermath of 2008 financial fall out from 2011 to 2016 people lost their jobs (I lost my job and I moved to the north of Europe), yet it was the short rental that keept the country a float, it was the social security that the state did not provide.
@james1327
Жыл бұрын
It's definitely a problem in Lisbon. Owning a house is an aspiration for every person. However this seems to be happening all over the world to varying degrees. Im from New Zealand. The house I grew up in cost 40,000 40 years ago and now it's probably about 2 million. Its insane. I don't think housing should be an investment class. Owning your own house needs to be prioritised.
@cafo13
Жыл бұрын
Not good answers unfortunately, it’s supply and demand and there is little supply a lot of demand, and demand from buyers who have a lot more purchasing power than most Portuguese. Period. Many of expats also come with tax exemptions Portuguese do not have. In the supply tourism and local lodging is a big issue because we are taking homes out of the market we’re supply is already low… from demand, expats wanna come and joy Portugal, do come but you should pay for it to compensate locals and even the game field. Period. Wanna come? It’s best than back home? Great, glad for that, come and pay in taxes to improve the country. We want investment, but that should be made like Ireland did, have big value companies in that bring good paying jobs… not low grade tourism paying jobs…
@Pinl5349
Жыл бұрын
I have been enjoying your channel for years but was watching the end of a video on another channel, and I was a bit distracted at the moment and had not realized that the next video starting was one of yours (this one). As I went to click the back button to look for another video, I heard Aman's familiar voice yelling "Wait!...we gotta talk!" Lol. So, thinking "Of course I've got time for Aman and Christina!", I stayed and I am (as always) so glad I did. This was an important and interesting conversation and one that is happening in my own city as well. Seeing how kind these two people are when speaking of the newcomers into their city and the skyrocketing housing costs and the airbnb situation made me reflect on some of my own attitudes about the similar situation in my city. What lovely people there are in Portugal. Thanks for catching me on the way out Aman!
@diogoneves1015
Жыл бұрын
All I hear is everyone beating around the bush instead of straight talking, that's why nothing changed and won't probably change. There's a real problem in hands: expensive housing in a city due to a lot of demand pressure. Main factors: demand raised exponentially vs weak offer; free market and people with 10x more buying power than locals having massive interest to buy a house in the exact same place. Solutions: for zones highly pressured, limit the offer for non-locals; build and repair more houses. Expand the city and create decent commuting; chase up abandoned houses owners that are everywhere around the city to repair and rent/sell/use it. But in all fairness, does the Gov really wants to control housing prices and lose that tax monies? No one wants to fix anything to get paid less money. Lisbon is not the only case. This happens in many other attractive hubs around the world that allow and even incentives the prices to go up bc that means more money for everyone, from the estate agent, owner to the Gov. The new buyer is usually someone that comes from a more expensive background and sees it as a good deal. That's how people is forced to relocate and how the money runs the world :)
@ericdelevinquiere9902
Жыл бұрын
Well, we have the same exact problem in the US, the $ figures are higher but the imbalance is very similar % wise! So it probably has nothing to do with people moving in from other countries. Personally, I think it is just a symptom of the disappearance of the middle class!
@leonardohenriques8243
Жыл бұрын
I think the government have put Portuguese people in a tax disadvantage. Simply because a foreigner comes in and pays a 20% flat rate and everyone else pays way more, with a way smaller salary. This attracts a lot of foreigners with good salaries (at least for the Portuguese reality), increasing the competition in a housing market that has been depleted of new houses for over a decade. The government wanted to attract foreign investment, but didn’t put in the work to fix the structural problem (lack of new construction). The result is what we see now.
@tahnaiyarussell
Жыл бұрын
Of course prices are going to increase when lots of American and British immigrants start flocking over.
@2shadyladies
Жыл бұрын
I don’t just think it is the influx of foreigners but many other factors. Airbnb, governments lack of foresight around building enough affordable housing and the global economy, to peg it solely on foreign migration is unkind.
@josephking1947
11 ай бұрын
I'm going to Lisbon in about 4wks with the intention of finding somewhere to live, hopefully I can find a school for my 8yr old that will work out.
@EF-yr4pk
Жыл бұрын
My sister in law is Portuguese and lives in Portugal, she says low wages are a huge problem when house prices are at International costs. But I see that house prices at International costs is something worldwide these days, I don't know if it's something cooking for a reason. Sorry about my writing.
@Peace-d6r
11 ай бұрын
Same issue in every country it’s ontbijtspek Portugal also uk has many Portugese immigrants or expats so we are all moving it’s got to be a two way street . Price For a flat is much highe than 800 in mostmflsts in uk
@ronaldchristian1960
11 ай бұрын
Thanks Another Great Video. Now the Secret is Really Out!😮
@SammywiseG
Жыл бұрын
It's sounding like Portugal is facing similar issues to what Canada is facing all across the country. Higher interest rates, lots of people wanting to come to the country but facing a housing shortage for them so rent and property values skyrocket due to scarcity, and lack of government initiative or ability to deal with it, and all of that coupled with wages being stagnant. I get the feeling this is shifting from a regional issue to a global issue as people from wealthier regions who can afford to leave for more economically advantageous regions (for them) inadvertently contribute to the rising costs of those regions that puts more pressure on the locals. Portugal, in particular Lisbon, is still on my bucket list but videos like this certainly bring more awareness to the realities of the considerations involved with starting up somewhere new.
@PawsomePlanet-1
Жыл бұрын
Thank you for addressing the elephant in the room. This invasion of foreigners and digital nomads are causing a huge problem to the Portuguese. Also, the lack of respect to our culture and way of living and being is appalling. We are a kind and loving people but are proud of the fact that we have a culture that goes back millennia, as does our language, and we would appreciate that all foreigners that come to our country understand and respect that, instead of imposing their ways on us.
@jennifermello8063
Жыл бұрын
It's a problem. You don't need a citizen to directly place blame on a group. They are in a solution mindset to a problem so many are being forced to deal with.
@The_Love_Doctor_Sean
Жыл бұрын
Blaming government never fails average people SMH, all officials please leave government today and allow all these people to pick up the control and see how they do with operating an entire nation. LOL
@nicolascorrea1146
Жыл бұрын
unlike in the US, when we live with our parents in EU we help out and pay rent - nothing is free....so American 🙄
@Peace-d6r
11 ай бұрын
Many people go to uk cities too the city in uk to rent is very expensive I don’t blame this on forebears tho that would be unfair
@realtick
Жыл бұрын
My understanding is that Americans don’t even represent the highest number of expats from other countries coming into Portugal.
@Peace-d6r
11 ай бұрын
Air bnb is driving prices in uk and mega rich people owning multiple homes but not using them
@Peace-d6r
11 ай бұрын
Massive tourism also boosts the economy and businesses sell more thus more jobs it’s not as straight forward as that
@macaccount4315
Жыл бұрын
This is the same issue as any large USA city. No one can afford rent anymore
@starc7691
Жыл бұрын
Portuguese people seem so nice! I really enjoyed this interview. I think it's very important for locals to be aware of how their government also plays a role in the rise of the cost of living. I'm an American of Puerto Rican decent, and it is exhausting to constantly hear my people blaming Americans from the mainland for the rise in the cost of living in Puerto Rico. I think that what the young man said about Airbnbs popping up everywhere plays a major role in these problems, and governments really should look into tighter regulations. Airbnbs are popping up everywhere in PR and displacing the locals. People are being priced out of their own land because investors are buying up properties "flipping" them (if you can even call what they do flipping), selling them for almost double the original price (way more than locals can afford) or turning them into Airbnbs. It's a huge problem that really needs to he addressed. Especially when it's having such damaging effects on locals globally.
@ruinunes8251
Жыл бұрын
I disagree that the air BnB is the problem. Remember, the small folk, the everyday worker is also entitled to make a buck with Airbnb, not only the big corporations, the big hotel groups. Another day I heard a comment of someone saying that they never will stay in a airbmb and stay in a hotel because of they don’t want to contribute to the air BnB issue. So they are happy to give their money to the big hotel groups than helping the small folk. How dumb this is?
@maryr7593
Жыл бұрын
Question for the Portuguese: In 1990-91, I lived in Lisbon as a college student (my year abroad). I attended Unic Classica, studied in the Portuguese for Foreigners course (where we also had History, Culture, and Geography of Portugal). All my classmates were foreigners but we were able to make friends with others as we ate in the Cantinas. Everyone I knew who was a student rented a furnished room from a widow. Lots of different rules were imposed by living with these widows. Majority of us had no access to heat but we noticed it was much warmer in their room. A few people I knew shared an apartment in Odivelas, Brandoa, outskirts of Lisbon. At that time (1990-91), it wasn't common to see apartments for rent and college students sharing expenses. In my college town (and state capital) in US, it was normal. There was a used furniture trade at the same time. Using used furniture was not acceptable in PT during those years. So my question for the Portuguese: Do most college students or young professionals who can't live at home while attending school, do they rent apartments nowadays? Does anyone rent rooms anymore? I wonder over the last 30 yrs, when purchasing flats and renting them out became the norm?
@OurBlackUtopia
Жыл бұрын
Great interview keep the conversation going, looking forward to the series of conversations.😎
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