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?

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

@@mariapacheco5893 wow what an increase !!!

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

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! 🙏🏼🙏🏼🙏🏼

Real estate trust funds pay more like O stock

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

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.

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.

Ahhhhh that's me lol

Stop voting for socialists

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

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

@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.

watch the chanel Our Rich Journey

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

Sounds like Evie is trans

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.

@@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.

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.

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.

@A 7108 grow tf up.

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

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.

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.

dont come

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 was like wait the husband had a separate bedroom 😂

🤣🤣🤣

🙏🏼🫶🏆

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.

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

Blame the government not these people.

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

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

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

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.

Is her trading service here in Europe ?

@Bridget Tompkins Yes Of Course 👇👇👇

Kathy756

+1786 55

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

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

​@@skyak4493 😁

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.

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

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.

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.

@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. ☝️

Except their daughter/son 🤔

@@kimmyyuuuu1797 this is a stupid comment

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!

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

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

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!

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?