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Anonymous wrote:It's not airbnbs - US has a ton of them. It's that Americans are moving entirely to Europe and buying up property only Americans can afford, away from locals.
The airbnbs often are owned by locals and a source of income - it's business there just like it is in the US.
It's really that Americans are leveraging lax immigration systems and moving to Europe and taking advantage of their way of life because the US has gotten out of control with costs, culture and the slimeball running the show here. That is what is ruining Europe for everyone except Americans.
I know 3 families that will be relo to Europe before end of yr and renouncing American citizenship without a second thought. They are going to Portugal, Spain and France. All have family ties/hate Trump and realize there's only more pain to come in the US. Europe isn't perfect but it is def a simpler lifestyle and there is a freedom there now that you really are seeing less of in the US.
Why would they renounce their US citizenship?? Those countries and the US allow dual citizenship.
b/c the us, unlike other countries- forces all Americans who are NOT plutocratic "job creators" to pay the insane amount of income tax with nothing to show for it- I mean you get nothing to show for taxes when resident on the US as well but its especially galling as an ex-pat.
I would be interested on an update on these families in a few years, particularly viz. health care experiences and children’s assimilation to schools.
How is that relevant and why do you think this would be interesting?
In principle, there’s an inherent contradiction in US tax policy. You tax foreign residents on their income earned here on the basis they use US services, but then you also tax Americans living overseas who use no services. I say ‘in principle’ because I think it’s frequently a ridiculous bureaucratic obligation whereby the taxpayer has to lodge a US tax return but then claims credit for the taxes paid overseas (?) effectively negating any US tax liability.
Just interested, that’s all. I’ve heard some negative anecdotes about healthcare in Portugal and Spain, massive DCUM favorites. Schools were a surprise to someone I know and not in a good way. Grass isn’t always greener.
There are always negative anecdotes in both directions, ie foreigners not happy with schools or healthcare here and Americans not happy with them in other countries. But they are just anecdotes and often reflect the circumstances and expectations of those particular people. I guess the test is whether people decide to stay in whatever country they are in. For example, there have been various threads here before disparaging British healthcare and yet there are almost 250,000 Americans living there. They wouldn’t stay if, on balance, they didn’t prefer it there.
estimated about 10,000 Americans live in Portugal and about 40,000 in Spain, where is almost 250,000 live in the UK.