Inside A $534K Apartment In Portugal | Unlocked
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- Опубликовано: 4 окт 2024
- Early retiree Alex Trias, 52, who left his job as an attorney based in Washington, D.C., was on a family vacation in Lisbon, Portugal, with his wife, Noki, and their daughter, Evie, when their lives changed. Only two days into their trip, they decided to make Lisbon their new home. They purchased a 1,300-square-foot apartment for $533,554. Now, they live debt free in the Portuguese city. Watch the video to tour their home and learn how moving gave the Trias family a new lease on life.
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Living In A 400-Year-Old Home In Portugal For $534K | Unlocked
![Natanael Cano - Amor Eterno [Official Video]](http://i.ytimg.com/vi/EO4prCs6WpM/mqdefault.jpg)
152k annual income from dividend investments. That’s incredible. This home looks like a dream, so peaceful and I love the renovations
needa lot of coins stashed to get that kind of dividends; im estimating 3.2M at 4.8% with DRIP to get 150k annual
OP - Yeah, that's what an inheritance will do for sometone.
@@djmadmike23 OP - Exactly, not something they can do in NYC or DC. Sounds like a parent passed, TBD
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.
@@skyak4493 How?
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.
That's the thing I love about this apartment. The ability to blend both the ancient and modern aspects is so unique! 🤩
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.
Currently a 2 bedroom apartment in Alfama is putting me back 1.600€…
@@mariapacheco5893 wow what an increase !!!
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.
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.
@@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.
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,
totally agree
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! 🙏🏼🙏🏼🙏🏼
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.
dont hate the player, hate the game... aka... the crooked Portuguese government that is not serving its citizens
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
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.
@@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.
@@NotfromDateline that's the same for American real estate
152k in annual dividends. That’s a 4-5 million portfolio. 🙌
Real estate trust funds pay more like O stock
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.
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?
Our tax rates are in line with the rest of EU, our wages aren't.
@@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.
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.
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.
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"
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.
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.
Especially for 2015.
$150k+ per year on just stock dividends!!!? Wow! Thats amazing
I can't imagine being Portuguese and not being able to afford a room, let alone an apartment, in my own country watching this.
Ahhhhh that's me lol
Stop voting for socialists
$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
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
And nowadays it's much much higher, I'm pretty sure that was the cost they paid in 2015, since then prices skyrocketed
Evies voice was deeper than dads. 🤔 interesting that there HOA fees are so high- would have been nice to know what it covers.
Sounds like Evie is trans
What a pleasant apartment, and facing that relaxing courtyard makes it even better!
Great place to live. The place looks so nice. And they seem like nice people
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.
we need to be less polite. don't come here
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
Where did you purchase the spice rack from? Love the video, thank you!
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.
@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.
@Katye Dyakova i’m not talking about salary or taxes. I’m talking about real estate prices…
@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)
@@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.
@Momma Bear I like Satan, he seems like a nice guy.
I would really like to communicate directly with this couple, to better understand their endeavors.......this video was most imformative.
watch the chanel Our Rich Journey
The push and open fridge will drive me insane.
It’s seems perfect. Glad that they are happy
Very disappointed how they don’t talk more about their immigration status and how they made citizenship possible
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.
You also can become a citizen after 5 years vs. 10 like Spain
What a beautiful apartment in such a beautiful city.
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.
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.
Portugal is amazing. I hope to have a similar experience in a few years.
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! 🇵🇹🇪🇺
é exploração para rico estrangeiro. se o têm, gastam-no. nós desgraçados é que pronto.
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..
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
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.
Welcome to Portugal and enjoy... Good luck...
My favourite was the Azulejos room. Stunning tile/art work 😍
That room is probably a common room for all the building's residents.
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.
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.
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.
@@learnhowtocontrolyourmoney2024 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.
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.
Don't worry, these pompous money-immigrants will play double and triple that price now.
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.
Are we gonna talk about what we didn't expect or we gonna keep 🤐
Lol
That poor family
She’s clearly transgender female moving to male
@@Kr_v5 male to female
@@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.
Investment in a home well spent, common sense simplicity, wonderful area to live/retire and great diversity of finances.
Alex, I’m definitely going to want those Lisboa recommendations!
dont come
Alex' voice never reached puberty.
@A 7108 grow tf up.
I think the father's voice accidentally went to the daughter.
Love this story! 🧡🧡🧡 love the family, love Evie, love the house.
That apartment is certainly worth much more nowadays, a million or higher, prices have skyrocketed in Lisbon since 2015
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.
Thank you for smoking!
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.
Voice caught me off guard
I was like wait the husband had a separate bedroom 😂
🤣🤣🤣
Seems to me like Portugal is becoming the new California. Sounds clean and safe with mild weather.
You mean Portugal.
@@anoukc6928 opps fixed it.
with third world wages for the locals. so nice!
@@teresamesa Yeah, like South Africa in the 70s....
@@teresamesa Portugal, the ideal country for foreigners.
I thought the woman was talking at first lol
Hope you can get a wifi extender that works, Evie! 💖
🙏🏼🫶🏆
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?
Nice guys! this is so encouraging thanks so much for sharing! ♥
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.
Portugal is truly fantastic, not for portuguese people with portuguese wages, but that's besides the point.
Portugal is the new Austin.
Their cat is so cute!
Property taxes only $603 per year for that nice apartment ?!
That is why foreigners buying their housing is "out of control".
With a local $700 minimum wage, that wouldn't be so easy to afford.
Love the project, apartment, the family in it. (PS: Evie is the coolest 🙌)
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.
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
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 ?
Is her trading service here in
Europe ?
@Bridget Tompkins Yes Of Course 👇👇👇
Kathy756
+1786 55
How did they get that much in dividend income?! I make like $5 a year lol
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.
@@pouroverfinance A high portfolio rate would be 4%, implying $4M invested. Higher dividends exist but don't fit their risk profile.
I'm making $1,300 a year lmao. long way to go
@@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.
You make $5 because you work in Portugal
evie room was mad big too .. living her best life 🔥👏🏽
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.
Can you explain? You're paying only $75? Where is this?
definitely not a 'condo', just a regular apartment. also, please leave portugal alone, we're done with americans @@nattiewalker3466
8:40 u basicly live in a museum... amazing
Good on them but people like these are literally the reason why prices in Lisbon have spiraled completely out of control.
Blame the government not these people.
@@katies2067 Or blame the system! Or the pompous money-immigrants.
Nurses in Portugal make 900€ a month, and attorneys make 2000/3000€ a month if they are the top best. So thank you Americans 🤓 come and enjoy your lives here in Portugal
Loving portugal😻😻
Leave these locals alone!! They already suffer enough, they don't need you to move there and ruin their lives even further! #sinkingShip #noMoreMoneyImmigrants
I wanna know what their portfolios are that they get 150k in dividends
About $4 million. Run it through a dividend calculator.
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.
WSB stonks.
One bathroom apartments are too constricting. I'd spend an extra $100K for at least 2 full bathrooms plus a powder room.
Nothing short of 57 rooms for me. Where am I housing my stamp collection, coin collection, art collection, banana peel collection?
If i live in Portugal on my income level while keeping my US passport, my after-tax income would actually be negative.
Great lifestyle! Imma coming! But likely to Spain... already studied Espanol. LOL
Bienvenido. España tiene un buen nivel de vida. :)
Is the audio of them speaking messed up?
No, the father actually sounds like a woman and the daughter sounds like a boy.
@@skyak4493 😁
i'm confused by the voices
I really feel left aside hearing and seeing several testimonies from people on profits they make from Bitcoin/Forex Investment. Can someone recommend a good expert that trade on my behalf and generate profit for me.
@Marcus Prendiville You don't need to be surprised. Mrs Letton Deb services is good and everyone loves her qualifications and genuine services, i guess that's why she is popular
Who is this Mrs Letton Deb everyone is talking about and how do i contact her directly.?
@Clara Whelan I met her at a seminar in New Jersey a year ago and after that I invested $25,000 and made a profit of $89,000 after 2 weeks. And am still Investing with her till date
@Clara Whelan I think it depends on the market she'll definitely give you all the information you need
@Clara Whelan I think someone already dropped her details up there. ☝️
could they not warn us?
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.
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.
It is the same all over the world’s big cities. Same in Canada, USA and China.
Real estate speculation by foreigners is making impossible for locals to buy or rent a house
Unfortunately Portugal's living is not for the portuguese. It's so expensive very few can afford it. Mostly only foreigners.
Portugal is very accepting of LGBTQ individuals so I'm sure their trans daughter hasn't had a problem meeting new friends.
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
This has to be one of my favorite videos on this channel. So inspiring 🥺
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).
"$255 for electricity" monthly bill??!?!!! this must be a mistake. I guess the meant $25.00.
Electricity is actually quite expensive in Europe
electricity is more expensive in Europe than us.
Electricity prices in Europe are high, especially because of the war. I don't think the number was misquoted
I pay 50 something euros in electricity in Portugal every 2 months… they must keep all their lights on 24/7 🤣
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.
Do you ever rent your place out?
Why they kept on saying their daughter. When they meant their son.
Did the dad and daughter switch voices?
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.
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.
@@mimiloforte could not be said better. this is Portugal's sad reality. hope many people notice your comment.
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.
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.
Apartment looks kind of cold, some plants would help. Furniture look uncomfortable.
Dang, these people killed it at life
Except their daughter/son 🤔
@@kimmyyuuuu1797 this is a stupid comment
Amazing family, seems super educated, sweet, and respectful. But $500K+ for a 2 bedroom in one of "supposedly most affordable western European countries" is insane. That would equate to $1,500,000 in LA given salary and cost of living conversions. Then you're not really saving anything to retire there at all. It's really more - I want to live there for the culture and the weather, not for retirement affordability.
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........
Looks like some people have been getting some Golden Visas!
7:47 the moment u lost me, i thought evie is a girl, then i hear a boy voice, then i see a girl, but the girl has huge hands, lol. is he trans or girl??
>>> positive and thoughtful comment here
Why are rich Americans moving to a poor country like Portugal?
For normal Europeans it is nearly impossible moving to America and stay there for a long time!
Rich Europeans purchase property for a long time so what the Americans are doing in Portugal is no different
In Thailand and other countries of South East Asia foreigners are not allowed to own land. Portugals Government should do the same preventing the sale of their beautiful country by Americans and Brits!
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.
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.
They may have earned more in their 30s and 40s.
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?
@@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!
@@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!
Anyone else get a super weird vibe from that couple? Notwithstanding the typical American entitled aversion to cultural integration in terms of learning the language etc
nah i get a weird vibe from the kid
The "husband" seems like a trans man possibly
Immigrants from all countries have an aversion to cultural integration in terms of learning the language, etc. I grew up in multicultural Orlando, Florida, where many of my Caribbean/Latino neighbors have been in the US for 30+ years and still, "no hablo ingles." Brits are notorious for moving to Spain, only to recreate little Britain abroad. Anytime my French friends like a US city, it's because it reminds them of Europe. Although I was born and raised in Florida, my cultural existence was very much little Haiti in America.
Weird family lol
@@aromarinn No way. Evie is fabulous!
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
They did a cash out refi that sounds very very risky
If their primary mortgage is paid off, far simpler to refi in US and be cash buyers abroad.
Two bedrooms and one bath? I didn’t realize Lisbon was so expensive
it's because people like this are dumb enough to pay so much for a tiny house
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
When I saw Evie playing the bass guitar, I went, "Whoaaaah! She's so fast!"
i was confused about Evie at first. i don't really understand all the gender stuff. would've been one of the goth kids when i was in high school. artsy and eclectic, a little weird, some flair for dramatics, but more interesting and better read than the jockos. someone like gerard way.
Goth kids don't butcher themselves and attempt convincing others it was a healthy decision.
I am pretty sure Evie got to her present gender late in her teens based on voice and build. Most families with a teen girl avoid relocation. I suspect this move is a welcome fresh start for the whole family, particularly Evie. The commentary about openness by the parents again and again, contrasts with Evie openly closing the door...
Didn’t expect that from evie
@@soverythirsty8272 well, they did often do a lot of self-harm: cutting, piercing, and tattooing, particularly done by themselves.
@@jones2277 piercing and tattoos are not self harm
Lisbon as trendy destination for rich foreigners is making Impossible for the locals to buy or rent house.... You cant listen portuguese anymore in the city.
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
Expat countries are trendy like anything else. 30 years ago it was the Czech Republic. I respect Portugal for offering these options.
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?
apt is a nice investment-
dude forgot the two ferns he sits between
All seems perfect, but it isn’t.
Salaries in Portugal are pretty low, and this people are driving prices up with their international retirements.
Consequently, portuguese families can’t keep up with the pace of the increases, and housing affordability is getting worse.
I know life in Portugal is much easier and comfortable, but you’d better stay at your original countries.
Thanks!
$640/year taxes??? I pay 15 times as much in the US on a home valued less.
yes those american taxes are insane. In Europe we pay a couple of hundrets per year
@@shaclo1512 FWIW, the best way to keep rich foreigners from bidding up your real-estate is property taxes.
@@skyak4493 but we pay them too
@@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.
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?
Apartment is overpriced.....
Also how did they make early retirement with 275k gross combined in NYC with a kid on top?