I don’t know what’s the correct approach with this.
I’m a globe trotting engineer who understands globalism and what access tech is opening up to it. I don’t mean being a digital nomad. Rather, tech is collapsing or expanding concepts of borders, nationalism and so on in very meaningful ways. That’s a hugely compelling area to work in vs chasing an OKR for Google ads. I don’t think it’s reversible, and I find a lot of value personally and professionally from being in that space because this is the rare moment where the world is changing and I’m in a field directly involved with it.
The other aspect is it’s locals selling to the foreigners, and a personally compelling reason to go there is urban areas of the USA have screwed themselves up with the cost of living. I want to participate in problems, not pay $5k/mo for a 2bdr in NYC or soon Austin or Nashville so I can go to bars with other techies. So if locals weren’t selling at hugely inflated prices, I’d be firmly in favor of that. So, look to the Portuguese neighbors selling apartments first.
But, no excuses - I see $500k 2 bdr in Lisbon and think that’s a chance to live in a world that is way too expensive and commercialized in NYC. A local in Lisbon is getting hosed by that and my mobility, no way around it.
In short - am I part of the problem, what responsibilities do I have vs the locals and govt policies about foreign purchases, do my motivations matter at all vs the outcomes.
I don’t know yet, Hard to say, although it’s good to face hard facts via articles like this. Networked-globalism won’t reverse, and I think it’s more likely the quiet parts of the world (rural America, cheap Europe) are just going to go through some transformations that can’t be stopped and the symptoms look like this article.
I think the fundamental question is by what right does someone have "right" to something like land or the buildings on it, by the open market and wealth or by already living there? Neither is really fair or equitable. But I worry what will happen as more people start to feel (justifiably so) they're getting a raw deal on both fronts.
The answer to your question is sovereignty and it is quite settled by this point in global governance. Who has it and who they gave it up to. As a republic, the citizens of Portugal are sovereign and they have the right to decide who gets to live where and for how much. The citizens can also choose to give up their sovereignty to others (the EU, globalism) or not exercise it (don’t vote or don’t hold their officials accountable).
Yes, I feel critical about capitalism because it decides questions like that and it seems like markets come up with cheap and anti-human solitons. Which is I think is a more important metric. How to get those incentives to work seems difficult and maybe this is better than other options, but I don’t believe it’s doing “right.”
I’m a globe trotting engineer who understands globalism and what access tech is opening up to it. I don’t mean being a digital nomad. Rather, tech is collapsing or expanding concepts of borders, nationalism and so on in very meaningful ways. That’s a hugely compelling area to work in vs chasing an OKR for Google ads. I don’t think it’s reversible, and I find a lot of value personally and professionally from being in that space because this is the rare moment where the world is changing and I’m in a field directly involved with it.
The other aspect is it’s locals selling to the foreigners, and a personally compelling reason to go there is urban areas of the USA have screwed themselves up with the cost of living. I want to participate in problems, not pay $5k/mo for a 2bdr in NYC or soon Austin or Nashville so I can go to bars with other techies. So if locals weren’t selling at hugely inflated prices, I’d be firmly in favor of that. So, look to the Portuguese neighbors selling apartments first.
But, no excuses - I see $500k 2 bdr in Lisbon and think that’s a chance to live in a world that is way too expensive and commercialized in NYC. A local in Lisbon is getting hosed by that and my mobility, no way around it.
In short - am I part of the problem, what responsibilities do I have vs the locals and govt policies about foreign purchases, do my motivations matter at all vs the outcomes.
I don’t know yet, Hard to say, although it’s good to face hard facts via articles like this. Networked-globalism won’t reverse, and I think it’s more likely the quiet parts of the world (rural America, cheap Europe) are just going to go through some transformations that can’t be stopped and the symptoms look like this article.