Ok, everyone is going to hate me but my husband and I are doing this. We are moving to Greece and planning to renovate a small village house as part of a residency process. Affordable housing is not the only reason or even the primary reason but what we can buy in Greece for 250K would be more like 650K in my home city in the US. AMA.
Portugal is close enough to Cali, though I’d still prefer the original.
Of course a big downside is that they drive up prices for local buyers or renters but on the other hand it can be a big chances for places that have seen a decline in population.
I think we should try to see the chances and not become defensive immedeately.
It’s paywall.
I don’t think the picture is any better here excluding some nations.
If you’re going to Western Europe, expect the same issues you see in the US, apart from gun issues. And while healthcare prices are a lot lower in Europe prices continue to increase in certain countries.
Why buying house, just build it with bricks.
I can totally understand anyone trying to get out of that failed state, but this could really blow up the real estate bubble even fuether if we are not careful. Gentrification is already a major issue in most european cities, so much that I expect riots in the coming years. An insensitive laissez-faire policy towards Americans who are looking to buy real estate would only add fuel to the fire.
that only works if you can keep your US salary while working in EU. EU prices in the main regions are pretty high for european salaries as well.
Lol wait till they realise you pay 500k and up for an Apartment in Amsterdam, they’ll probably go right back to more affordable housing in the states.
Don’t they have 100M people less on a bigger landmass? Why Europe?
Just wait until they realize that they have to pay taxes in Europe AND in the US…
Cool, just make sure they leave their guns at the border
Americans who can’t afford homes in the USA are the ones that don’t even have a passport, they won’t be moving abroad to non-English speaking countries, but rather to zero-state tax states like Texas.
I don’t really understand this move. Western Europe is as unaffordable as the US, when you adjust for salaries it’s even worse. And if they move to Eastern Europe the salaries are even worse. American minimum wage is above average income here in the east. Plus you have to live in Eastern Europe.
So this seems like a bad move if they plan on working in Europe. And if they keep their American salaries then it’s bad news for Europe, since they will drive up the prices even more.
so they are basically buying up property for cheap as locals are low income?, its basically gentrification. Its become an issue in part of mexico like tijuana where americans are buying up properties and pushing locals out, same is happening in lisbon and other cheap cities. in my local area there is a big expectation that we might get a big influx of american retirees who will probably price more locals out of scenic areas in Ireland.
Welcome, just keep your guns at home pls
Please don’t. I’m getting sick and tired of all these woke Americans coming to our beautiful countries.
We noticed a lot of American accent recently in Glasgow. There are multiple posts in r/glasgow of Americans asking questions about relocation.
Don’t bring your guns!
This explains the R/Ireland thread lately
This is bs click bait. Housing and general cost of living is jacked in the entire west. There’s no place to go that’s going to be cost of living nirvana. Inflation is rampant and “the grass is greener” mentality will result in finding plenty of brown pastures.
There was some click bait yesterday saying that millions were fleeing the UK for a reasonable standard of living as well….millions!! I don’t trust any news sources these days. They’re all competing for clicks.
Yeah, and long term it sucks. Here in Portugal is almost impossible for young people to buy a home. Not sure the median wage, but what I know for sure is that most young adults can only afford a house if they are aided by their parents. While a 300k€ apartment in Lisbon suburbs or Porto seems like a steal for an American, its totally out of reach for a portuguese citizen, especially since most people earn less than 25k a year.
27 comments
It’s also getting pretty unaffordable in Europe too.
We can’t afford homes here too.
Them took our homes! (and our jobs!)
Is it not too late to build a wall across the Atlantic?
/s
God luck ! Haha, it’s not getting easy here too
It’s already expensive here i’m expecting it to rise even more
[We shall fight them on the beaches!](https://i.imgur.com/FfmC5Lb.png)
Ok, everyone is going to hate me but my husband and I are doing this. We are moving to Greece and planning to renovate a small village house as part of a residency process. Affordable housing is not the only reason or even the primary reason but what we can buy in Greece for 250K would be more like 650K in my home city in the US. AMA.
Portugal is close enough to Cali, though I’d still prefer the original.
Of course a big downside is that they drive up prices for local buyers or renters but on the other hand it can be a big chances for places that have seen a decline in population.
I think we should try to see the chances and not become defensive immedeately.
It’s paywall.
I don’t think the picture is any better here excluding some nations.
If you’re going to Western Europe, expect the same issues you see in the US, apart from gun issues. And while healthcare prices are a lot lower in Europe prices continue to increase in certain countries.
Why buying house, just build it with bricks.
I can totally understand anyone trying to get out of that failed state, but this could really blow up the real estate bubble even fuether if we are not careful. Gentrification is already a major issue in most european cities, so much that I expect riots in the coming years. An insensitive laissez-faire policy towards Americans who are looking to buy real estate would only add fuel to the fire.
that only works if you can keep your US salary while working in EU. EU prices in the main regions are pretty high for european salaries as well.
Lol wait till they realise you pay 500k and up for an Apartment in Amsterdam, they’ll probably go right back to more affordable housing in the states.
Don’t they have 100M people less on a bigger landmass? Why Europe?
Just wait until they realize that they have to pay taxes in Europe AND in the US…
Cool, just make sure they leave their guns at the border
Americans who can’t afford homes in the USA are the ones that don’t even have a passport, they won’t be moving abroad to non-English speaking countries, but rather to zero-state tax states like Texas.
I don’t really understand this move. Western Europe is as unaffordable as the US, when you adjust for salaries it’s even worse. And if they move to Eastern Europe the salaries are even worse. American minimum wage is above average income here in the east. Plus you have to live in Eastern Europe.
So this seems like a bad move if they plan on working in Europe. And if they keep their American salaries then it’s bad news for Europe, since they will drive up the prices even more.
so they are basically buying up property for cheap as locals are low income?, its basically gentrification. Its become an issue in part of mexico like tijuana where americans are buying up properties and pushing locals out, same is happening in lisbon and other cheap cities. in my local area there is a big expectation that we might get a big influx of american retirees who will probably price more locals out of scenic areas in Ireland.
Welcome, just keep your guns at home pls
Please don’t. I’m getting sick and tired of all these woke Americans coming to our beautiful countries.
We noticed a lot of American accent recently in Glasgow. There are multiple posts in r/glasgow of Americans asking questions about relocation.
Don’t bring your guns!
This explains the R/Ireland thread lately
This is bs click bait. Housing and general cost of living is jacked in the entire west. There’s no place to go that’s going to be cost of living nirvana. Inflation is rampant and “the grass is greener” mentality will result in finding plenty of brown pastures.
There was some click bait yesterday saying that millions were fleeing the UK for a reasonable standard of living as well….millions!! I don’t trust any news sources these days. They’re all competing for clicks.
Yeah, and long term it sucks. Here in Portugal is almost impossible for young people to buy a home. Not sure the median wage, but what I know for sure is that most young adults can only afford a house if they are aided by their parents. While a 300k€ apartment in Lisbon suburbs or Porto seems like a steal for an American, its totally out of reach for a portuguese citizen, especially since most people earn less than 25k a year.