You do realize that buying houses will drive property values up?
Yo do realize that governments may or may not be able/willing to use that money you paid to fix the housing problem?
You do realize that having a bunch of foreigners use their hard currency to buy the best properties may irk the locals a bit?
Immigration is good, but it has its downsides as anything else.
I can’t believe we’re arguing this- it’s about as well trodden a discussion as the weather.
Most of the Western World has a housing shortage, and it’s because governments (and “I got mine” residents) have made it extremely difficult to build. Are you really rejecting this? It’s pretty common knowledge.
Frankly, if you lived in the late 30’s in Germany and still had more than enough money, you probably weren’t among those who desperately needed to escape the country. Usually, being Jewish meant that your businesses, jobs and rights were taken away, and it also meant that a lot of other countries weren’t going to go out of their way to let you emigrate and quite a few would openly oppose it. “I’ve got plenty of money and I’ll have no problem leaving the country and going elsewhere with it” was not something said very often. Jewish Emigration From Germany (1933 - 1939) from the Jewish Virtual Library.
If you are trying to decide when it is finally time to go, please remember that Germany eventually forbade emigration so, lucky you, you might not ever get to make such a decision.
In many countries, capital controls meant you couldn’t take your money with you, or you had to pay an exit tax (and we are thinking about going back to the latter).
You still have to pay an exit tax in the USA if you renounce your citizenship. If you just leave, you don’t have to pay an exit tax, but you do have to continue paying income tax (with a largish exemption for most countries).
There’s a very unlikely probability that the company I work for will offer me the possibility of relocating to the U.S. for a while for work.
As unlikely as that probability is, it is absolutely impossible that I would agree, no matter how well paid.
Anybody who moves to the U.S. voluntarily at this point is playing Russian roulette with his life and those of any family member that goes with him.
This is true, but are you aware that the chart you’ve posted only goes up to 2024? Here’s a short excerpt of what the report it’s drawn from says about the backslide:
I’m kind of screwed with the “emigrate” thing because apparently no one wants a middle-aged cancer survivor on the brink of retirement who is not also bringing along a small fortune. I have to weigh staying and trying to survive against trying to go elsewhere and survive as someone without permission to be in the new location permanently.
Detroit didn’t diminish because it lost population - it lost population because it became a cesspit. I speak as someone who lived in the area and witnessed/experienced it first hand.
And while you say you’ll be nothing but a benefit if housing is tight then you occupying housing that might have gone to someone already there is an issue. If it’s just one immigrant probably not a bit issue but if there are many it will be a problem. It’s all well and good to say “you can build more housing” but if it was that easy we wouldn’t have middle-class people living in vans in some parts of the US.
That would be most likely around 2 years IF you were diligent about it and didn’t retreat into an ex-pat enclave. You need to immerse yourself in local life and use the new language daily.
I had been studying French for 5 years before I went to visit there and while I could definitely communicate at best I’d describe my French as “broken” - rather like the US immigrants who have some command of English but with heavy accents and, uh, “creative” grammar. The French appreciated my efforts when I was a visitor. I’m not sure how thrilled they’d be to have me moved next door on a permanent basis.
Spoken like an American…. No, money does not solve everything.
^ An all too common situation.
Zoning restrictions, selfishness, absentee investors buying properties as “investments” rather than homes, cost of construction, regulations, lack of skilled labor needed to build them, cost of borrowing money to purchase property…
If it was easy to satisfy the demand for something by just building more of it, people would have done it already.
Land - they aren’t making any more of it. ‘Someone’ owns it - if they aren’t inclined to sell it, what then? Seize the land and build on it anyway?