I'm happy for the couple that they're financially independent. But I can see why the young locals complain about Lisbon homeownership being out of reach for them. I mean, they bought in 2015, and it was already over $500k back then. 😅

@qsama4327

Жыл бұрын

Many people went looking for cheaper houses and apartments outside Lisbon and now it's also impossible finding and buying a house anywhere, minimun wage here is 700 €, a young couple (without help from the family) can't buy a house, even old houses, right now I'm looking for 120 000- 130 000 apartment outside lisbon and it is impossible ( because apartments of this price range are very old from the 70's and 80's and need remodel and the buildings need repair as well but no money for it ) I'm happy for people living in portugal and enjoy it but for us portuguese is really hard to get an apartment, and rent here is 600 € (prices for a normal apartment with one bedroom or two and normal conditions) or more so it's impossible to buy and to rent. Also yes there may be cheaper houses in the country side but unfortunatelly we need to be closer to the big cities because of our jobs and although I work manly at home, my company still requires that I work at the office (in Lisbon) at least once a week. It's sad because my parents when they were my age didn't have a job as nice as mine but still managed to buy a new apartment in a new building with three rooms and two bathrooms. 5 years ago I could be buying a nice apartment for 70 000 € ... Many people tell me that the prices will go down but I don't know if this will happen because altough everything is really high there is alot of people buying houses.

@marinamom1

Жыл бұрын

@@qsama4327 Similar trends are happening in many countries. The housing climate in the US are not much better in 2022. Cost of living must be lowered - energy, housing, food, education and energy. Income has faltered behind cost of living.

@hypothalapotamus5293

Жыл бұрын

@@qsama4327 I'm not sure that the Portuguese real estate market has priced in rising interest rates and a global recession yet. Seriously, with the S&P500 down 25% from its peak and the Nasdaq composite index down 34% from its peak, I can't imagine that stock heavy Americans will have the same purchasing power as a year ago.

@klnrklnr4433

Ай бұрын

this is the case everywhere.

As an American myself, i feel conflicted watching this. I'm happy this sweet couple and their daughter are enjoying this wonderful new life and that apartment is truly gorgeous. On the other hand, i've seen a few of these "i left the US for a cheaper life in Portugal" type videos and every time, i cant help but imagine how infuriating these must be for native Portuguese (especially Millenials/gen Z) who earn much lower incomes and have to compete with well-heeled foreigners for homes. That building is beautiful but i think if i were a local, i would have preferred to see it converted into affordable housing for local residents rather than luxury apartments for rich yuppies from abroad. Again, nothing against this family in particular, they seem lovely and i wish them well, just seems a bit unfair on the native residents is all.

@mrki731

Жыл бұрын

Yes, it's the same for any location in the world. With mass tourism it affects every part of the world and we're all a little bit guilty. They also bring in money and make the local economy better than what it used to be. Everything is double edged.

@joelmontague5004

Жыл бұрын

@@mrki731 i agree about it being double edged and that there are benefits to the country in having these kinds of expats relocate there. I just think that its incumbent on the local authorities (in Portugal and elsewhere) to be vigilant and dedicated to making sure that those benefits are actually enjoyed by the local population and that their own people aren't left out in the cold with respect to things like the housing market, jobs, education, etc.

@Marcus1074

Жыл бұрын

It's supply and demand, any local community would love to have an influx of retirees coming in and spending $ in their economies, which will be beneficial to their Gen Z having the opportunity to get jobs that don't compete with the new 'residents', their housing problem is not a "San Francisco" style issue (there, there was an influx of high paid job takers and no growth of housing offer). A local business will still need to retain employees and will supply the salaries to accommodate their housing costs or risk running a business without a workforce. Here in Europe, there are communities willing to pay for new residents,

@nonfunguy1961

Жыл бұрын

totally agree

@VeraCasaca

Жыл бұрын

As a Portuguese millennial, I don't feel angry, just sad. I mean, happy for the couple but sad for my generation. My friends and I can not compete with those offers, we will never will. Especially if you're single... No way we can buy an apartment in Lubon, let alone where they're located which is city center. But good on them though. The apartment is beautiful! 🙏🏼🙏🏼🙏🏼

152k annual income from dividend investments. That’s incredible. This home looks like a dream, so peaceful and I love the renovations

@djmadmike23

Жыл бұрын

needa lot of coins stashed to get that kind of dividends; im estimating 3.2M at 4.8% with DRIP to get 150k annual

@Matt-fl8uy

Жыл бұрын

OP - Yeah, that's what an inheritance will do for sometone.

@Matt-fl8uy

Жыл бұрын

@@djmadmike23 OP - Exactly, not something they can do in NYC or DC. Sounds like a parent passed, TBD

@skyak4493

Жыл бұрын

While there are high yeild stocks, portfolios average ~3%, so they are living well below their means. I would guess their net worth ~$5M. That said, there is no reason to think they didn’t earn their money. I am likely worth more than half as much, and I did it with less than half their salaries, in less time durring the same time frame.

@gty577

Жыл бұрын

@@skyak4493 How?

6 years ago I lived in an apartment like that in Alfama/Lisbon for 450 euros a month. That same apartment costs now 1500€/ month. I am thankfull for investors in Portugal but as any other country, new and outside money makes the local economy to expensive for the nationals. There's also an hidden social cost that should be considerated by the city hall, like Berlin or Bordeaux are doing. If there's no planning envolved in this types of investment soon an bad atitude can grow throwdown foreigners.

@mariapacheco5893

Жыл бұрын

Currently a 2 bedroom apartment in Alfama is putting me back 1.600€…

@michelemarmelo3699

5 күн бұрын

@@mariapacheco5893 wow what an increase !!!

While Americans and other "expats" keep buying real estate in Portugal, the average Portuguese is being priced out of the market and forced to leave the country. Don't get me wrong, I wish them the best in Portugal, but this situation is getting out of hand.

@NotfromDateline

Жыл бұрын

dont hate the player, hate the game... aka... the crooked Portuguese government that is not serving its citizens

@zuperlle6175

Жыл бұрын

Welcome to globalization! Gentrification and intentional neighborhood re-zoning for all. Many people (Americans almost exclusively) get labeled as violent racists for making this exact same reasonable and very level-headed complaint

@RareAirTwo4

Жыл бұрын

Global gentrification is killing many affordable 3rd world/2nd tier countries and their native citizens. The only solution is either make more money or the government impose stricter citizenship policies on foreigners. The reality is these people are bringing in money to these countries which will make it unlikely the government rejects them from entering the country.

@NotfromDateline

Жыл бұрын

@@zuperlle6175 no surprise many of the PT gov officials have properties in the most sought after areas and are capitalising on their champagne socialism policies.

@sophiaatn5339

Жыл бұрын

@@NotfromDateline that's the same for American real estate

152k in annual dividends. That’s a 4-5 million portfolio. 🙌

@irenmolnar221

Жыл бұрын

Real estate trust funds pay more like O stock

That appartement is both ancient and modern. I really love this and Lisbon looks lovely. Also kinda cool to let the teen have the biggest room, it makes sense since parents spend less time in theirs usually.

@kevinwang6119

Жыл бұрын

That's the thing I love about this apartment. The ability to blend both the ancient and modern aspects is so unique! 🤩

This was overkill for an apartment in Lisbon. It has such a devasting effect on the Portuguese people who are making less than €600 a month even in Lisbon.

@OzHunter

Жыл бұрын

Normal portuguese people would never be able to bid on an apartment like that, and no way owners would turn an attraction like that into affordable housing. If that family didn't, chances are a rich Portuguese/European family would do the same. It doesn't have a "devastating effect"

@sigco1019

Жыл бұрын

This happens everywhere. Gentrification should be a crime but to governments its "foreign investment" so its good. I live in South Africa and same thing happens here. Dollars are flooding the market and locals can't afford housing in places like Cape Town.

@goodiecheapy-toprestaurant53

Жыл бұрын

The minimum salary (and the average salary of course) is more than 600 euros. That said, of course, most people in Portugal (and even in the US, since the average price for a house in US is 400k) would not be able to pay that for a house. In addition, Lisbon houses cost double or more than any other city in Portugal. Nonetheless, that price for that house, even for the current house market in Lisbon, is an awful price.

@formxshape

Жыл бұрын

Especially for 2015.

What a pleasant apartment, and facing that relaxing courtyard makes it even better!

Portugal, the ideal country for foreigners as most of the Portuguese population can barely afford housing and food on a monthly basis. Simply shameful how this country offers so many benefits for foreigners who move there, even though most of them arrive with fully filled wallets, while the Portuguese are successively explored with one of EU's highest income tax rates. And what do the Portuguese see their taxes being applied to? Surely not for improving living conditions for the Portuguese! Sad truth. Portugal is far from "dreamy" as you constantly picture it.

@user-mv6vm8yq1m

Жыл бұрын

Nordic countries actually have higher income taxes than Portugal, sometimes over 70%. And, obviously, way better living conditions. Here's a tip: instead of importing these pompous money-immigrants that call themselves "expats" and at the same time exporting your well educated professionals and leading to a massive brain drain and collapse of institutions, why don't you import the nordic model?

@paulo25740

Жыл бұрын

Our tax rates are in line with the rest of EU, our wages aren't.

@static_motion

Жыл бұрын

@@paulo25740 The rates are, however the brackets at which those rates aren't applied aren't. That makes the effective tax rate on income higher.

@fatimateresa19

4 ай бұрын

But why Portugal 🇵🇹 doesn’t put regulations in place? Spain 🇪🇸 did in the last 10 years and many Americans and British left Andalucía (south Spain ) for Portugal. Now people from Spain from there are able to buy again.

Nice guys! this is so encouraging thanks so much for sharing! ♥

$534K in a southern European country are A LOT. I live in Italy and you could buy a 4-bedroom and 4-bathroom villa here for that kind of money

@Hatikvahh

Жыл бұрын

Ok now compare it to the cost of living in a city the size of Lisbon. Tbh they got an awesome deal given the space, location, architecture, brightness, etc

It’s seems perfect. Glad that they are happy

I can't imagine being Portuguese and not being able to afford a room, let alone an apartment, in my own country watching this.

@josesousa6428

Жыл бұрын

Ahhhhh that's me lol

@Brazucaroyal

Жыл бұрын

Stop voting for socialists

What a beautiful apartment in such a beautiful city.

I would really like to communicate directly with this couple, to better understand their endeavors.......this video was most imformative.

@mahed5807

Жыл бұрын

watch the chanel Our Rich Journey

Where did you purchase the spice rack from? Love the video, thank you!

Welcome to Portugal and enjoy... Good luck...

What a beautiful building. I'm glad they preserved some of the original architecture and artwork and integrated both old and tew together. It looks like it works well. As I was typing......"wow, they are really minimalists.". The husband said..."we like to keep it minimalistic. Lol. Then they showed the beautiful savannah cat. You have to be minimalist to have one of those because they love to destroy things that are left out. Lol. That looks like a higher generation savannah. Maybe f2. Awesome.

My favourite was the Azulejos room. Stunning tile/art work 😍

@user-mv6vm8yq1m

Жыл бұрын

That room is probably a common room for all the building's residents.

Portugal is amazing. I hope to have a similar experience in a few years.

Portugueses people are being priced out of the market and some have to leave their country because of all the « expats » coming in with lot of money. I’m happy for these expat but Sad for portugueses people. This is out of control.

@skyak4493

Жыл бұрын

@Katye Dyakova I see that same complaint all over the world. I live in a Wonderfull place struggling to keep it’s character against afluent influx. Portugal’s tax are super low compared to the US…I pay 15X more for cheaper property.

@loicrose1826

Жыл бұрын

@Katye Dyakova i’m not talking about salary or taxes. I’m talking about real estate prices…

@loicrose1826

Жыл бұрын

@Katye Dyakova earn more to live in a desirable city? You really don’t understand at all. Should portugueses leave their city? They use to live very well with their salary ( they are not « low » ) it’s enough to have a beautiful life as education and health are free for european people. But if the real estate is going crazy because of expats it’s a real problem. How can you be so selfish and pretentious judging people who use to live well. If you want to leave in a country respect the people and don’t tell them to just « leave their native land » because they don’t have as much money as people living in a country where you have to pay for everything(including health and tuition)

@skyak4493

Жыл бұрын

@@loicrose1826 Be sure you have the laws and taxes to make the incoming money and residents worth it. Portugal's property taxes look too low, but otherwise they have done the right things.

@user-mv6vm8yq1m

Жыл бұрын

@Momma Bear I like Satan, he seems like a nice guy.

Great place to live. The place looks so nice. And they seem like nice people

@SylvieShene

Жыл бұрын

Yes, Portugal is beautiful but don't be fooled by its people being nice. Most people in Portugal are very repressed and passive aggressive and taking antidepressants. I consider myself a refugee from Portugal. As a teenager I almost killed myself because I couldn't handle the oppression, especially towards young women like I once was. I wrote my memoir A Dance to Freedom: Your Guide to Liberation from Lies and Illusions where I share my life experiences and psychological discoveries.

@teresamesa

Жыл бұрын

we need to be less polite. don't come here

@Brazucaroyal

Жыл бұрын

No, they don’t seem nice. The son is a mental tranny, the dad has tattoos and a think voice, the mom wear the pants

Alex, I’m definitely going to want those Lisboa recommendations!

@joaomgb

3 ай бұрын

dont come

Investment in a home well spent, common sense simplicity, wonderful area to live/retire and great diversity of finances.

Love this story! 🧡🧡🧡 love the family, love Evie, love the house.

I'm happy for them but I can bet you the dollars flooding Portugal are making life more expensive for locals. Yes they are investing in the country but they aren't there to create jobs. This is what gentrification on an international scale looks like. We see it a lot in Cape Town ,South Africa.

The push and open fridge will drive me insane.

534k for an apartment in Portugal is overpriced to say the least. To Americans and Europeans it may seem on the low end compared to prices in their respective countries but nonetheless you can find a nice apartment or house for much cheaper in Portugal. Not to mention the ongoing 'HOA' style fees. Portuguese real estate agents must love the naivety of American/European expats buying properties in Portugal.

@RandomThoughts999

Жыл бұрын

I agree. They moved to a different country to overpay for an apartment. That’s crazy. I thought expats leave their home country for a cheaper cost of living. Of course the realtor is laughing all the way to the bank lol.

@RareAirTwo4

Жыл бұрын

@@RandomThoughts999 Exactly. Americans/European expats with at least an average level IQ in regards to their personal finances go to these 3rd world/2nd tier countries for a much cheaper and affordable cost of living and to make their money go further and not the opposite.

@teresamesa

Жыл бұрын

they drive extremely nice special edition imported cars. so yeah, they are very happy that people don't even go on idealista or check a portuguese newspaper and instead buy from expat specialized realestate agents.

@user-mv6vm8yq1m

Жыл бұрын

Don't worry, these pompous money-immigrants will play double and triple that price now.

@hypothalapotamus5293

Жыл бұрын

I am an American. These people are loaded. Probably have in excess of $5 million in stocks alone (and this is excluding anything in IRAs or 401Ks). They just don't care anymore.

The apartment was sold for a good price less than 600k but you have 'monthly maintainance expenses' of around 500, that is absurd even for a very good condominium in Portugal, it's almost the amount to rent in some suburbs of Lisbon metro area! 🇵🇹🇪🇺

@teresamesa

Жыл бұрын

é exploração para rico estrangeiro. se o têm, gastam-no. nós desgraçados é que pronto.

@user-mv6vm8yq1m

Жыл бұрын

Don't worry, these "expats" (actually, pompous money-immigrants) also don't mind paying the insane amount of 1500€ to rent a one-bedroom low-quality apartment in the Lisbon area. That's just over two minimum wage salaries (700).. No way the country will be sinking in a few years.. Massive brain drain with locals moving out and massive import of money-immigrants that don't even work..

@joyaustin6581

Жыл бұрын

Taxes and maintenance would be low for the United States. I pay much more in taxes and my house isn’t worth nearly as much

@jamesl9539

Жыл бұрын

I live in New Jersey. My real estate taxes alone are $18,000 a year. Plus, income tax of over $120,000 a year. While I live debt free, I want to move to a place where it is cheaper to live.

Loving portugal😻😻

@user-mv6vm8yq1m

Жыл бұрын

Leave these locals alone!! They already suffer enough, they don't need you to move there and ruin their lives even further! #sinkingShip #noMoreMoneyImmigrants

Their cat is so cute!

$150k+ per year on just stock dividends!!!? Wow! Thats amazing

Evies voice was deeper than dads. 🤔 interesting that there HOA fees are so high- would have been nice to know what it covers.

@sann5146

Жыл бұрын

Sounds like Evie is trans

Very disappointed how they don’t talk more about their immigration status and how they made citizenship possible

@kmot92

Жыл бұрын

At that time you could you could use the Golden Visa process in Lisbon. It's changed now, but investing in that expensive place was probably their method. However, Portugal is so popular because it's one of the easiest/lowest income requirements to move there. You only need to make their minimum wage equivalent ($800 a month for an individual last I checked but changes) in income in some way.

@kmot92

Жыл бұрын

You also can become a citizen after 5 years vs. 10 like Spain

Are we gonna talk about what we didn't expect or we gonna keep 🤐

@MrMlbfan6

Жыл бұрын

Lol

@soverythirsty8272

Жыл бұрын

That poor family

@Kr_v5

Жыл бұрын

She’s clearly transgender female moving to male

@kimmyyuuuu1797

Жыл бұрын

@@Kr_v5 male to female

@janine5540

Жыл бұрын

@@Kr_v5 And Evie- male to female. I spent a month in Lisbon. Damp and everything smells like mold. I had a good time but wouldn't want to live there. Streets are SLIPPERY and take a lot of work to navigate with being tiled all over. Portugal as a whole is tiled all over. Wondering about the visas for the family and how they get around not having to come back to the US every six months.

Uhm hello? Yes, locals would not be able to buy this place. But if non portuguese people would STOP buying houses, the owners at some point would HAVE to lower the prices. Sounds pretty simple to me. Prices are high because non locals are willing to pay that much. What about stopping to give citizenships so easily?

I thought the woman was talking at first lol

Hi there, Lisbon calling. a) the house is in an historical building, a former convent, now a palace. It may look expensive back then, but it is so unique, it may cost over 50% more today. Great investment if you ask me. b) These houses are for 1% of the population, so no impact on locals. c) I guess it is really hard to pay that much on electricity, a typo for sure. Maintenance also seems a bit off... c) lovely family, looking happy and that is all that matters.

@user-mv6vm8yq1m

Жыл бұрын

Thank you for smoking!

@bertiew6771

Жыл бұрын

Thanks, Ricardo, finally some common sense. The restoration of Convento dos Inglesinhos was a massive, expensive and dedicated work. I'd agree these type of condos are for a max 1% of the population (100,000 lucky people). The point lost on so many is so many wonderful buildings in Lisbon were falling apart and without investment, both national and international, they'd have continued to crumble away. Sellers, 90% Portuguese, wanted a fortune for the buildings, investors/constructors wanted a decent return on their investment thus buyers were charged what from the outside look like inflated prices. Generally speaking, when savers have no faith in the banks or stock markets, property is the safest place to put your money.

If i live in Portugal on my income level while keeping my US passport, my after-tax income would actually be negative.

8:40 u basicly live in a museum... amazing

Hi Alex, so nice to hear your actual voice after reading so many of your investing articles on SA! A loyal follower of your pseudo-ID (Investment Pancake).

Portugal is the new Austin.

Love the project, apartment, the family in it. (PS: Evie is the coolest 🙌)

Like i would agree with other comments. As someone who is American but grew up in a developing country and often travels back to visit family, i find these videos very upsetting. Like i get that people are trying to look for higher standards of living and trying to take the pressure of living in a society that's very obsessed with accumulating wealth and being competitive and I hate to begrudge anyone for taking an exit but like that exit comes at the expense of the people living there. Like you are now turning yourself into what you tried to escape in the first place.

We have a modern condo in Lisbon. Our condo fee is about $75 per month. THe condo free in this video is high, it is like in America.

@nattiewalker3466

Жыл бұрын

Can you explain? You're paying only $75? Where is this?

@joaomgb

3 ай бұрын

definitely not a 'condo', just a regular apartment. also, please leave portugal alone, we're done with americans @@nattiewalker3466

Alex' voice never reached puberty.

@Nola1176

Жыл бұрын

@A 7108 grow tf up.

Hope you can get a wifi extender that works, Evie! 💖

@mrki731

Жыл бұрын

🙏🏼🫶🏆

Property taxes only $603 per year for that nice apartment ?!

@skyak4493

Жыл бұрын

That is why foreigners buying their housing is "out of control".

@user-mv6vm8yq1m

Жыл бұрын

With a local $700 minimum wage, that wouldn't be so easy to afford.

So odd this came up in my algorithm. My husband and I are highly considering moving there. He’s European and I’m American; we live in NYC and both have great jobs. I am worried however since I can’t take my job oversees I won’t be able to find a job right away

Looks like some people have been getting some Golden Visas!

Great lifestyle! Imma coming! But likely to Spain... already studied Espanol. LOL

@davidgarcia5095

Жыл бұрын

Bienvenido. España tiene un buen nivel de vida. :)

Voice caught me off guard

@kimmyyuuuu1797

Жыл бұрын

I was like wait the husband had a separate bedroom 😂

@lazvegaz

Жыл бұрын

🤣🤣🤣

Ganda Portugal hh

I envy this couple... theyre on theyre early 50s but theyre already retired. For PT standards, theyre rich, that is if they still earn 70.000 (nurse) and 200.000 (lawyer) a year.

Good on them but people like these are literally the reason why prices in Lisbon have spiraled completely out of control.

@katies2067

Жыл бұрын

Blame the government not these people.

@user-mv6vm8yq1m

Жыл бұрын

@@katies2067 Or blame the system! Or the pompous money-immigrants.

You've made a wise investment. an apt. like this in Lisbon today is well over a million euros. Unfortunately, the high prices make it extremely difficult for a sizeable segment of the local population.

Real estate speculation by foreigners is making impossible for locals to buy or rent a house

Most places are safe, but walk all over the city is asking for trouble, a few areas in the city should be avoided even during day (Chelas, Casal Ventoso, Musgueira, Cova da Moura), but yes, is a relatively safe city

Unfortunately Portugal's living is not for the portuguese. It's so expensive very few can afford it. Mostly only foreigners.

It was very depressing for me to watch this video. First of all, i feel that it's a shame that a piece of History, of heritage, of patrimony, is in the hands of the private sector. It is very sad that this place got transformed into a luxury condominium. And this point brings me to the other main question that is the worrying lack of affordable housing for the portuguese people. I'm all for the investment that comes from foreigners; I love that people from other countries love Portugal, but it makes me mad watching this because only a very small percentage of portuguese people have the possibility to buy a 500k apartment. As a young adult, it is infuriating. We have no future in Portugal, specially in Lisbon. Everyday I see more and more apartments for sale because families are leaving the city, since they can no longer bare all the living costs. This generation is the first to have a lowest income than the previous. Young people can't leave their parents house because they can't afford a place for themselves (even if it's shared). I am just so tired to be worried about my future all the time.

@marieb5251

10 ай бұрын

Reconsider being "for the investment that comes from foreigners." They bring no real wealth to the country/city. They don't create any jobs, or pay salaries. Their only contribution to the economy is inflating real estate prices.

@graceluo8354

6 ай бұрын

It is the same all over the world’s big cities. Same in Canada, USA and China.

15,000 for furniture...wife says... that's a lot lol haha

>>> positive and thoughtful comment here

Seems to me like Portugal is becoming the new California. Sounds clean and safe with mild weather.

@anoukc6928

Жыл бұрын

You mean Portugal.

@laina-brown

Жыл бұрын

@@anoukc6928 opps fixed it.

@teresamesa

Жыл бұрын

with third world wages for the locals. so nice!

@skyak4493

Жыл бұрын

@@teresamesa Yeah, like South Africa in the 70s....

@nana-ly9jk

Жыл бұрын

@@teresamesa Portugal, the ideal country for foreigners.

One bathroom apartments are too constricting. I'd spend an extra $100K for at least 2 full bathrooms plus a powder room.

@user-mv6vm8yq1m

Жыл бұрын

Nothing short of 57 rooms for me. Where am I housing my stamp collection, coin collection, art collection, banana peel collection?

How did they get that much in dividend income?! I make like $5 a year lol

@pouroverfinance

Жыл бұрын

He made 200k and she made 75k. I'm willing to bet that they have about 1-3million in the market, generating that kind of dividend income.

@skyak4493

Жыл бұрын

@@pouroverfinance A high portfolio rate would be 4%, implying $4M invested. Higher dividends exist but don't fit their risk profile.

@BLACKAAROW

Жыл бұрын

I'm making $1,300 a year lmao. long way to go

@skyak4493

Жыл бұрын

@@BLACKAAROW You have started! That puts you in the top ~30% of households in the US and maybe the top 2% of the globe! The number you should look at is the passive income you can make divided by the amount you need to live a life you enjoy.

@user-mv6vm8yq1m

Жыл бұрын

You make $5 because you work in Portugal

Did the dad and daughter switch voices?

Lovebirds ❤️

Is the audio of them speaking messed up?

@skyak4493

Жыл бұрын

No, the father actually sounds like a woman and the daughter sounds like a boy.

@lazvegaz

Жыл бұрын

​@@skyak4493 😁

i'm confused by the voices

Two bedrooms and one bath? I didn’t realize Lisbon was so expensive

@sitdownstandup91

Жыл бұрын

it's because people like this are dumb enough to pay so much for a tiny house

@keithwisdom1663

Жыл бұрын

they live in an expensive condo/area sure on the other side of town there are much cheaper places to live. they live in a luxury building

beautiful family

Portugal is very accepting of LGBTQ individuals so I'm sure their trans daughter hasn't had a problem meeting new friends.

evie room was mad big too .. living her best life 🔥👏🏽

dude forgot the two ferns he sits between

I wanna know what their portfolios are that they get 150k in dividends

@Nola1176

Жыл бұрын

About $4 million. Run it through a dividend calculator.

@keithwisdom1663

Жыл бұрын

probably comes from money because they really didn't make that much in salary to have that much- unless he made some good investments- like real estate or stocks- etc.

@Pete_YT

8 ай бұрын

WSB stonks.

Tejo river not taisho river

could they not warn us?

This has to be one of my favorite videos on this channel. So inspiring 🥺

Do you ever rent your place out?

Apartment looks kind of cold, some plants would help. Furniture look uncomfortable.

89 percent of homes sold in Portugal are to Portuguese. And the majority of sellers are Portuguese. The major speculator and beneficiaries of the current home price increases are the local Portuguese themselves. But who can blame them - people want to get as much as they can get. But this bubble is not an isolated incident in Portugal, it is happening all over Europe: from Hungary to Estonia. And also from New Zealand to Canada. This is not only because of foreigners, it is price speculation in every real estate market in the world. Also, don’t demean the foreigners coming to Portugal for an economic advantage. What are the reasons the Portuguese are leaving their country in drove but for an economic advantage? Portugal’s population is going down so fast that the country is coming up with all kind of scheme to bring people with money into the country. These people come to spend and they are not allow to rely on the social system of Portugal. The foreigners to Portugal need to have their own money, insurance etc.

@mimiloforte

Жыл бұрын

Buddy, part of the reason we Portuguese are leaving our own country is because the jobs are low paying and the housing market is just rising. Highly educated young people can barely find a jod and simply can't find affordable housing in the major cities, where the jobs are at. Then retired foreigners come here to relax because, for them, is cheaper. And listen, I'm somebody pro-immigration, I have nothing against Brazilians and Agolans coming here looking for a better life. But I do have some resentment against the french, brits or americans (or anybody that calls themselves "expats") that come here looking for a better life. Because one is looking to escape poverty, the other is looking for cheap leisure. At least this couple has a daughter that someday might contribute to this small country, but the couple themselves aren't doing anything but hurt the natives. I'm sorry I ranted for a while, this is just a pet peeve i have kept within me for a while. As someone who lives a ferry away from Lisbon, going there and only hearing anything but Portuguese hurts a little. It's not one's fault for this housing and migration crisis, but being the embodiment of it hurts for the affected.

@nana-ly9jk

Жыл бұрын

@@mimiloforte could not be said better. this is Portugal's sad reality. hope many people notice your comment.

@user-mv6vm8yq1m

Жыл бұрын

As a quick comparison: "A new study published by the influential Institut der deutschen Wirtschaft (IW) in Cologne demonstrates that in 2011, the share of real estate purchases and sales in Germany by foreigners was less than 1% of all turnover"... Less than 1% compared with 11% in Portugal.. Seems like a 10X difference.

@fatimateresa19

4 ай бұрын

They are living because they can’t pay rent!! The house market is kicking them out of their own country. They need to do something about it just like Spain did.

у Иви мужской голос, такой басок нехилый... маловато гормонов себе вколол этот "девочка"

"$255 for electricity" monthly bill??!?!!! this must be a mistake. I guess the meant $25.00.

@MsYolost

Жыл бұрын

Electricity is actually quite expensive in Europe

@Nchinnam

Жыл бұрын

electricity is more expensive in Europe than us.

@Ovprksdnw

Жыл бұрын

Electricity prices in Europe are high, especially because of the war. I don't think the number was misquoted

@catarinalopes4804

Жыл бұрын

I pay 50 something euros in electricity in Portugal every 2 months… they must keep all their lights on 24/7 🤣

@skyak4493

Жыл бұрын

Europe has a last watt pricing system, and the last watt is natural gas that is spiking from Russia dependency and cutoff. Nat gas doubled in price in the US because they are liquifying and shipping to Europe for 10X.

7:47 okay…..😅

apt is a nice investment-

I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN...I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED... CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?

@confidencestephen4116

Жыл бұрын

Is her trading service here in Europe ?

@markbone8211

Жыл бұрын

@Bridget Tompkins Yes Of Course 👇👇👇

@markbone8211

Жыл бұрын

@markbone8211

Жыл бұрын

Kathy756

@markbone8211

Жыл бұрын

+1786 55

Why they kept on saying their daughter. When they meant their son.

They did a cash out refi that sounds very very risky

@Pete_YT

8 ай бұрын

If their primary mortgage is paid off, far simpler to refi in US and be cash buyers abroad.

Dang, these people killed it at life

@kimmyyuuuu1797

Жыл бұрын

Except their daughter/son 🤔

@anoukc6928

Жыл бұрын

@@kimmyyuuuu1797 this is a stupid comment

he/she probably comes from money or inheritance unless he made good investments in real estate or stocks- etc- because 230k a year (and if you consider the early years they were not making that high of a salary) early retirement with kid; does not equal 150k in dividends a year. thats at least 3-5 million based on interest return........

Hi nice place is easy if you have the money!!! We in Romania hardly making $350 month that's why we going where the money is Benefits UK

Love the inclusion and story!

@the_notorious_bas

Жыл бұрын

I guess you love to watch Frankenstein as well?

$640/year taxes??? I pay 15 times as much in the US on a home valued less.

@shaclo1512

Жыл бұрын

yes those american taxes are insane. In Europe we pay a couple of hundrets per year

@skyak4493

Жыл бұрын

@@shaclo1512 FWIW, the best way to keep rich foreigners from bidding up your real-estate is property taxes.

@shaclo1512

Жыл бұрын

@@skyak4493 but we pay them too

@skyak4493

Жыл бұрын

@@shaclo1512 There is a global epidemic of the rich buying up urban real estate for investment, not living. The best way to avoid the problem is to shift taxes away from working and living, and put them on property. For example, where I live my biggest expense is property taxes, but at least I get to deduct them from my income taxes.

@user-mv6vm8yq1m

Жыл бұрын

Try paying the $640/year taxes with a 10k yearly income in Portugal. 50% of population makes that. Or get a Masters and make $12k to $14k. Wait, you make 15 times this in the US too?

When I saw Evie playing the bass guitar, I went, "Whoaaaah! She's so fast!"

I wonder how much the apartment is worth now.

Ppl in these comments aren’t hitting the vibe check 😑

Anyone wanting to retire here you should do it now. Because the famous, golden visa is going off soon, that means, no more no taxes on income and other benefits

@HerAeolianHarp

Жыл бұрын

Expat countries are trendy like anything else. 30 years ago it was the Czech Republic. I respect Portugal for offering these options.

@user-mv6vm8yq1m

Жыл бұрын

Read my words: LEAVE THOSE LOCALS ALONE!! 50% of them make $700 minimum wage. University educated people, with masters, make $1000. So much brain drain from those locals forced to move abroad so they can afford to live. Why do you wanna ruin their lives even more??!! Are you a sadist?

🔥🔥🔥👍….

If the top end of their earnings before retirement was $275,000 in really expensive cities, they $150,000 in dividend payments is likely from the passing of a parent. They otherwise couldn't afford this lifestyle.

@bobbab5759

Жыл бұрын

Absolutely. They'd need several million to generate that amount with any consistency, and you don't build that nest egg at that age with those incomes in those locations.

@user-wv4pt8mq1y

Жыл бұрын

They may have earned more in their 30s and 40s.

@skyak4493

Жыл бұрын

Not true! Those numbers are par for the course for that income and investing. I did the same, proportionally, during the same time period. Why does everyone need to dis normal saving and investing?

@bobbab5759

Жыл бұрын

​@@skyak4493 Not dissing and good on them. It's really the producers of these shows who take sort of outliers and present them as typical or just don't bother explaining so you start thinking...hmmm. This fellow retired at 52. Avg. age to pass the NY Bar is 29 years old. He could have been early. Say maybe 25 years working at best. The dividends suggest around $4M investable which is statistically not normal; top 5%. There could be a lot of reasons though - he could have had a side business, family money or property, or a well timed investment. But it almost begs an explanation when the show is called CNBC Make it!

@skyak4493

Жыл бұрын

@@bobbab5759 About the show -it's a finance focused network. For the vast majority of people finance is managing what they make and have, to get what they want in life. Saving 10-20% of household income and investing is what it takes to cover consistent standard of living in the years you can't work in the absence of pensions or welfare (that failed). This family's income is above average, but the proportions and their management of money is exactly what everyone needs to do. If you look through the series, they do include some lower income households. The regular media that bombards the public with SPEND SPEND SPEND!!!! is the aberrant lie! And then they tell everyone that the solution is to blame others!