If you have 5-10 million net worth, why do you stay here?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Another example for people saying that at this level of wealth, living in the us is fine and insulates yourself from the worst:

In the political forum people posted about how the food supply is so bad in the us it causes food allergies you don’t get in Israel or Europe

Shopping at Whole Foods 24/7 doesn’t protect you from that

This is just a lie. There are no such issue in the US. Rich or poor. Having lived in Europe and South America there is no where as nice as the us from LMC to ultra wealthy. Even poor is better here.

They are starting to ration vegetables in the UK. They don't have fuel available to heat the greenhouses in the UK to grow off season vegetables.

Interesting. We have friends/family in the UK, including vegetarians. We haven't heard that. What's your source?

[Anonymous]

I do think there will come a point where I am just beyond fed up with the gun violence here. As OP noted, your wealth doesn't actually protect you from the mass shootings which can happen anywhere.

We plan on retiring early, and hope to go to my spouse's home country for several years. When we are there the thought of mass shootings doesn't even cross our minds.

Private healthcare is cheaper there, too.

When we are very old, we will move back to be near our kids. Our kids have dual citizenship, and we told them that they should seriously think about living in that country for a few years when they are older.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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Anonymous wrote:

Anonymous wrote:Have you lived in S America? Or Latin America at all? I have, and went to school with many kids who were sent to US by family for safety. High net worth in many countries is a kidnapping concern. You need extra security and bodyguards. It’s really unsettling…and expensive.

Don’t get me wrong, I love Mexico, BR, Arg, etc, but with high net worth they’d be no-go’s for retirement

Sorry my op was a bit all over the place -

I was illustrating that I don’t find the us that different than SA except for better economic opportunities…

…so for people/families that have hit networths of 5-10 million, why aren’t they buying their way into specific European towns with high QoL like the ones I mentioned

many are headed to Medellín

Yeah, but Medellin doesn't really attract that many families from the US. It's mostly single middle class guys like retired cops, firefighters, etc. But lately lots of digital nomad types are everywhere, but they usually stick around for a year or two max. You can live a pretty nice lifestyle on 20k/yr, so no need for millions

I have to laugh about previous posters talking about kidnappings and bodyguards! That wasn't even that much of a threat in the late 90's.

Medellin is great/ but it’s also not a great tax regime so it mostly appeals to those flying under the tax radar.

Their tax rules are a mess. For example, sometimes you have to pay the "wealth tax" and sometimes you don't. Some ex-pats seem to get hammered and others not so much. It's a lot easier to bend the rules in Colombia, but you are pretty much guaranteed to pay high taxes if you follow all the rules like we do in the US.

Yeah, so it’s not a place for the relatively well off folks that are the subject of the post- I don’t think people with meaningful assets want to roll the dice with the taxman.

On the other hand, I have a number of friends in Colombia and Argentina and they are declaring nothing that is back home- which is fine but requires some risk tolerance

With so many moving from Colombia and Argentina to the US and Spain, it is quite funny that someone thinks Americans should move to Medellin 😀😀😀

I kind of doubt you spend any time in Colombia. Because if you did, you would know that very few UMC or even middle classs Colombians want to live in the US. Colombia is a million times better than the US in terms of lifestyle. And socially, there is no comparison. Tell me where in the US you can live on 35k a year that has weather in the mid 70's year round?

I've never been, but my former au pair really really wanted to stay here. She was from Bogota and did not have such a high opinion of the place.

So she is poor, likely uneducated, and is from one of the worst cities in Colombia. Not surprising she would want to stay.

There are also a decent number of striver type Colombians who now reside in Florida. Most Colombians with money and especially single guys hate the US. It's a combination of unattractive women and the monotonous daily live that is a huge turn off.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Have you lived in S America? Or Latin America at all? I have, and went to school with many kids who were sent to US by family for safety. High net worth in many countries is a kidnapping concern. You need extra security and bodyguards. It’s really unsettling…and expensive.

Don’t get me wrong, I love Mexico, BR, Arg, etc, but with high net worth they’d be no-go’s for retirement

Sorry my op was a bit all over the place -

I was illustrating that I don’t find the us that different than SA except for better economic opportunities…

…so for people/families that have hit networths of 5-10 million, why aren’t they buying their way into specific European towns with high QoL like the ones I mentioned

many are headed to Medellín

Yeah, but Medellin doesn't really attract that many families from the US. It's mostly single middle class guys like retired cops, firefighters, etc. But lately lots of digital nomad types are everywhere, but they usually stick around for a year or two max. You can live a pretty nice lifestyle on 20k/yr, so no need for millions

I have to laugh about previous posters talking about kidnappings and bodyguards! That wasn't even that much of a threat in the late 90's.

Medellin is great/ but it’s also not a great tax regime so it mostly appeals to those flying under the tax radar.

Their tax rules are a mess. For example, sometimes you have to pay the "wealth tax" and sometimes you don't. Some ex-pats seem to get hammered and others not so much. It's a lot easier to bend the rules in Colombia, but you are pretty much guaranteed to pay high taxes if you follow all the rules like we do in the US.

Yeah, so it’s not a place for the relatively well off folks that are the subject of the post- I don’t think people with meaningful assets want to roll the dice with the taxman.

On the other hand, I have a number of friends in Colombia and Argentina and they are declaring nothing that is back home- which is fine but requires some risk tolerance

With so many moving from Colombia and Argentina to the US and Spain, it is quite funny that someone thinks Americans should move to Medellin 😀😀😀

I kind of doubt you spend any time in Colombia. Because if you did, you would know that very few UMC or even middle classs Colombians want to live in the US. Colombia is a million times better than the US in terms of lifestyle. And socially, there is no comparison. Tell me where in the US you can live on 35k a year that has weather in the mid 70's year round?

I've never been, but my former au pair really really wanted to stay here. She was from Bogota and did not have such a high opinion of the place.

So she is poor, likely uneducated, and is from one of the worst cities in Colombia. Not surprising she would want to stay.

There are also a decent number of striver type Colombians who now reside in Florida. Most Colombians with money and especially single guys hate the US. It's a combination of unattractive women and the monotonous daily live that is a huge turn off.

Or it's possible that she just has a different opinion than you. If course, you're a jackass, so you feel the need to both denigrate anyone who disagrees with you and act like an expert on what every single Colombian wants.

[Anonymous]

Anonymous wrote:Try buying property in Colombia and getting legal title. Sure you might be sold a property that someone else legally owns.

It can be tough to get clear title on real estate in Colombia.

Can we focus on France, Italy, Spain, Austria, Netherlands, parts of Germany

Colombia and UK are irrelevant

[Anonymous]

Anonymous wrote:I do think there will come a point where I am just beyond fed up with the gun violence here. As OP noted, your wealth doesn't actually protect you from the mass shootings which can happen anywhere.

We plan on retiring early, and hope to go to my spouse's home country for several years. When we are there the thought of mass shootings doesn't even cross our minds.

Private healthcare is cheaper there, too.

When we are very old, we will move back to be near our kids. Our kids have dual citizenship, and we told them that they should seriously think about living in that country for a few years when they are older.

It cracks me up that people can’t bring themselves to ID the country

[Anonymous]

Anonymous wrote:

Anonymous wrote:I do think there will come a point where I am just beyond fed up with the gun violence here. As OP noted, your wealth doesn't actually protect you from the mass shootings which can happen anywhere.

We plan on retiring early, and hope to go to my spouse's home country for several years. When we are there the thought of mass shootings doesn't even cross our minds.

Private healthcare is cheaper there, too.

When we are very old, we will move back to be near our kids. Our kids have dual citizenship, and we told them that they should seriously think about living in that country for a few years when they are older.

It cracks me up that people can’t bring themselves to ID the country

The internet man will have to kill them if they share that secret.

[Anonymous]

Anonymous wrote:When you have money in the US, a lot of what is "wrong" with the country fails to affect you in any meaningful way. So why move?

We don't move, because this is home. We have friends and family here. Our daughter can have the best higher education here.

It has been my experience, based on both traveling, and having a friends circle that encompasses people from other parts of the world, that it is easier to integrate into society in the US than it is elsewhere, especially if you are a POC. A LOT of parts of Europe and SA are overtly or covertly racist, in a way that you are unlikely to encounter in your day to day life living in the DMV (but might if you moved elsewhere in the US, but it's a big country, and you have options).

Because I am from India, I can always go back there. We have roots there. I don't want to move back, because I don't feel at home there anymore. The crowds, the pollution, the noseyparkering, it's all a non-starter. I like my low-key life here, where I can be rich, and not only does no one know, they wouldn't care if they did.

Your kids and their kids can get OCI cards. If your kid ends up marrying an Indian-born person, that can extend another generation. Make sure they do. India is the next China.. It's hopping. They may want to go back and settle down some day. Having the OCI card helps with that.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I fall into the $5-$10 million category, live in the DMV, am early retired, and as we speak vacationing abroad. Why can’t you just that? Why do you have to move away from your family and friends?

5-10 in dc doesn’t get me eu food standards, the sheer volume of walkable cafes and restaurants of strong quality, exceptional rail access, less crime, shopping, being around people who look healthier and in more “normal” shape, etc

Ah, but it will get you that in Bethesda.

[Anonymous]

I think the Colombia crowd needs to start a thread on how to live middle class retiring on social security and 250k.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Have you lived in S America? Or Latin America at all? I have, and went to school with many kids who were sent to US by family for safety. High net worth in many countries is a kidnapping concern. You need extra security and bodyguards. It’s really unsettling…and expensive.

Don’t get me wrong, I love Mexico, BR, Arg, etc, but with high net worth they’d be no-go’s for retirement

Sorry my op was a bit all over the place -

I was illustrating that I don’t find the us that different than SA except for better economic opportunities…

…so for people/families that have hit networths of 5-10 million, why aren’t they buying their way into specific European towns with high QoL like the ones I mentioned

many are headed to Medellín

Yeah, but Medellin doesn't really attract that many families from the US. It's mostly single middle class guys like retired cops, firefighters, etc. But lately lots of digital nomad types are everywhere, but they usually stick around for a year or two max. You can live a pretty nice lifestyle on 20k/yr, so no need for millions

I have to laugh about previous posters talking about kidnappings and bodyguards! That wasn't even that much of a threat in the late 90's.

Medellin is great/ but it’s also not a great tax regime so it mostly appeals to those flying under the tax radar.

Their tax rules are a mess. For example, sometimes you have to pay the "wealth tax" and sometimes you don't. Some ex-pats seem to get hammered and others not so much. It's a lot easier to bend the rules in Colombia, but you are pretty much guaranteed to pay high taxes if you follow all the rules like we do in the US.

Yeah, so it’s not a place for the relatively well off folks that are the subject of the post- I don’t think people with meaningful assets want to roll the dice with the taxman.

On the other hand, I have a number of friends in Colombia and Argentina and they are declaring nothing that is back home- which is fine but requires some risk tolerance

With so many moving from Colombia and Argentina to the US and Spain, it is quite funny that someone thinks Americans should move to Medellin 😀😀😀

I kind of doubt you spend any time in Colombia. Because if you did, you would know that very few UMC or even middle classs Colombians want to live in the US. Colombia is a million times better than the US in terms of lifestyle. And socially, there is no comparison. Tell me where in the US you can live on 35k a year that has weather in the mid 70's year round?

I've never been, but my former au pair really really wanted to stay here. She was from Bogota and did not have such a high opinion of the place.

So she is poor, likely uneducated, and is from one of the worst cities in Colombia. Not surprising she would want to stay.

There are also a decent number of striver type Colombians who now reside in Florida. Most Colombians with money and especially single guys hate the US. It's a combination of unattractive women and the monotonous daily live that is a huge turn off.

I don't think she was poor. She seemed to be from a middle class family judging from pictures of her house and family. She had graduated from some kind of technical college, which I gathered was like a community college here. Certainly not from some uber wealthy family, but I don't think poor and uneducated is an accurate description.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I grew up in Eastern European country and came to US in my early 20s. Now I'm 50. I also lived in Western Europe for 2 years before I came to US. I still like US better for the following reasons:
1. USA is a very dynamic country, it has that energy that European countries are missing; opportunities are much better if you are ambitious and hard working- you'll succeed much faster here
2. People here are much more open, friendlier, funny, easy going
3. Lots of people from all over the world ( especially in DC/Northern Virginia)
4. Shopping is so much more fun and cheaper, maybe not now anymore, because the quality went downhill a lot for the last 10 years
5. Less bureaucracy
6. You can choose to live in a colder or hot climate within the same country which was impossible in my country.

As a first generation immigrant, after my first initial hard work and dedication, I proudly say, that I obtained bachelor's degree, got government job, have house ( paid off), and no debt. Yes, I'm married and my spouse brings money too, so that helps. I travel to visit my family in Europe, go cruising and have a good life. I'm not denying that this country has no issues, but just remember that every country has some issues.

But you are comparing life with Eastern Europe. Western Europe is very different in terms of wealth, income and open society. Comparing Hungary or Poland or Bulgaria with Switzerland, Austria or Germany is a joke.

Did you read PP? They said they also lived in Western Europe. You people are insufferable. Don't know why you can't just say you have a different opinion rather than treat the PP like they're stupid for having a different opinion.

She said she lived there for 2 years or so. That’s not enough time to learn the language well and establish roots. She’s certainly no authority to speak for life in Western Europe - goodness, she can’t even tell us which countries she supposedly lived in.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Have you lived in S America? Or Latin America at all? I have, and went to school with many kids who were sent to US by family for safety. High net worth in many countries is a kidnapping concern. You need extra security and bodyguards. It’s really unsettling…and expensive.

Don’t get me wrong, I love Mexico, BR, Arg, etc, but with high net worth they’d be no-go’s for retirement

Sorry my op was a bit all over the place -

I was illustrating that I don’t find the us that different than SA except for better economic opportunities…

…so for people/families that have hit networths of 5-10 million, why aren’t they buying their way into specific European towns with high QoL like the ones I mentioned

many are headed to Medellín

Yeah, but Medellin doesn't really attract that many families from the US. It's mostly single middle class guys like retired cops, firefighters, etc. But lately lots of digital nomad types are everywhere, but they usually stick around for a year or two max. You can live a pretty nice lifestyle on 20k/yr, so no need for millions

I have to laugh about previous posters talking about kidnappings and bodyguards! That wasn't even that much of a threat in the late 90's.

Medellin is great/ but it’s also not a great tax regime so it mostly appeals to those flying under the tax radar.

Their tax rules are a mess. For example, sometimes you have to pay the "wealth tax" and sometimes you don't. Some ex-pats seem to get hammered and others not so much. It's a lot easier to bend the rules in Colombia, but you are pretty much guaranteed to pay high taxes if you follow all the rules like we do in the US.

Yeah, so it’s not a place for the relatively well off folks that are the subject of the post- I don’t think people with meaningful assets want to roll the dice with the taxman.

On the other hand, I have a number of friends in Colombia and Argentina and they are declaring nothing that is back home- which is fine but requires some risk tolerance

With so many moving from Colombia and Argentina to the US and Spain, it is quite funny that someone thinks Americans should move to Medellin 😀😀😀

I kind of doubt you spend any time in Colombia. Because if you did, you would know that very few UMC or even middle classs Colombians want to live in the US. Colombia is a million times better than the US in terms of lifestyle. And socially, there is no comparison. Tell me where in the US you can live on 35k a year that has weather in the mid 70's year round?

I've never been, but my former au pair really really wanted to stay here. She was from Bogota and did not have such a high opinion of the place.

So she is poor, likely uneducated, and is from one of the worst cities in Colombia. Not surprising she would want to stay.

There are also a decent number of striver type Colombians who now reside in Florida. Most Colombians with money and especially single guys hate the US. It's a combination of unattractive women and the monotonous daily live that is a huge turn off.

I don't think she was poor. She seemed to be from a middle class family judging from pictures of her house and family. She had graduated from some kind of technical college, which I gathered was like a community college here. Certainly not from some uber wealthy family, but I don't think poor and uneducated is an accurate description.

Au pairs that you get through the programs are almost always MC, some even UMC.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Another example for people saying that at this level of wealth, living in the us is fine and insulates yourself from the worst:

In the political forum people posted about how the food supply is so bad in the us it causes food allergies you don’t get in Israel or Europe

Shopping at Whole Foods 24/7 doesn’t protect you from that

This is just a lie. There are no such issue in the US. Rich or poor. Having lived in Europe and South America there is no where as nice as the us from LMC to ultra wealthy. Even poor is better here.

They are starting to ration vegetables in the UK. They don't have fuel available to heat the greenhouses in the UK to grow off season vegetables.

Interesting. We have friends/family in the UK, including vegetarians. We haven't heard that. What's your source?

There's a story about this in today's Washington Post.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I grew up in Eastern European country and came to US in my early 20s. Now I'm 50. I also lived in Western Europe for 2 years before I came to US. I still like US better for the following reasons:
1. USA is a very dynamic country, it has that energy that European countries are missing; opportunities are much better if you are ambitious and hard working- you'll succeed much faster here
2. People here are much more open, friendlier, funny, easy going
3. Lots of people from all over the world ( especially in DC/Northern Virginia)
4. Shopping is so much more fun and cheaper, maybe not now anymore, because the quality went downhill a lot for the last 10 years
5. Less bureaucracy
6. You can choose to live in a colder or hot climate within the same country which was impossible in my country.

As a first generation immigrant, after my first initial hard work and dedication, I proudly say, that I obtained bachelor's degree, got government job, have house ( paid off), and no debt. Yes, I'm married and my spouse brings money too, so that helps. I travel to visit my family in Europe, go cruising and have a good life. I'm not denying that this country has no issues, but just remember that every country has some issues.

But you are comparing life with Eastern Europe. Western Europe is very different in terms of wealth, income and open society. Comparing Hungary or Poland or Bulgaria with Switzerland, Austria or Germany is a joke.

Did you read PP? They said they also lived in Western Europe. You people are insufferable. Don't know why you can't just say you have a different opinion rather than treat the PP like they're stupid for having a different opinion.

She said she lived there for 2 years or so. That’s not enough time to learn the language well and establish roots. She’s certainly no authority to speak for life in Western Europe - goodness, she can’t even tell us which countries she supposedly lived in.

You prove my point. Anyone who disagrees with you mist be stupid, poor, ignorant, whatever. Just accept that people have different opinions rather than shitting on them. If you're the typical expat, thank God I don't live abroad.