Americans Relocating to Europe

With rising interest rates, the COVID-19 pandemic that gave many a new perspective on life and the sting of inflation, more Americans are now looking to Europe for a more relaxed lifestyle.

Countries such as Italy, Spain, Portugal and Greece are luring in overseas buyers seeking more of the calm, sun-filled beach days, according to a report by Berkshire Hathaway HomeServices.

The rising interest in moving to these countries can be contributed to many workers who are still working remotely since the onset of the pandemic.

“We don’t expect activity to be near the levels we saw in 2021 or the first part of 2022, but the Spanish market has been very resilient,” Ugo Bagration, head of business expansion at the agency’s office in Marbella, said in the report. “It’s proving to be a hub and destination for foreign investment within the real estate market.”

Spain has seen an influx of buyers from North America due its affordability, Bagration explained. That being said, because of the high property taxes in the country, others are opting for countries with less of a burden, such as Italy.

Rome in particular, is seeing more high-net-worth families investing in property, as many residences have been updated in recent years, according to Marcus Benussi, managing partner at Berkshire Hathaway HomeServices.  READ MORE...

Quality of Life

The Democrats want a society where not just the wealthy have a QUALITY OF LIFE...   so, let's look at what this could possibly mean and/or entail...

The national median family income for the United States for FY 2020 is $78,500, an increase of 

almost four percent over the national median family income in FY 2019.  Apr 1, 2020    Source:  huduser.com

Average Income of a Professional Athlete  $2.6-8.3 Million/year

Average Income of a member of Congress   $174,000/year

Average Income of an Airline Pilot   $137,000/year

Average Family Income $78,500        TAXES:  $17, 270

$6542/month

$1,510/week

$38/hr

Average Individual Income  $33,706       TAXES:  $7,415

$2,808/month

$648/week

$16/hr

Average tax rate   22%

Average Cost of Living (family) --  $4,000/month

As you can see, Family income is well above the average cost of living, meaning that if you are a family, you have a pretty good quality of life, but not as good as a Pilot, or a member of Congress, or a Professional Athlete.

We can also extrapolate based upon the data that the average family is not going to have the same quality of life as a MILLIONAIRE or a BILLIONAIRE...

AND... no matter want our Federal Government legislates, it will NEVER BE ABLE to able to equalize the gap between those that are wealthy and those that are not wealthy.

LOGICALLY:  Increased taxes will not eliminate that wealth gap...

Now, if you look at the average Individual Income (before taxes) you will notice that it averages out to $16/hour which is very close to the $15/hour minimum wage that the DEMOCRATS are wanting.  Even if they get what they want, it WILL NOT CHANGE the wealth gap.

So, when the DEMOCRATS make the claim that they want ALL AMERICANS to enjoy the quality of life that they wealthy enjoy...  THEY OBVIOUSLY MUST KNOW that this equality will never happen.

Some people will earn more money and will have more than they previously had...  but, every time I got a wage increase, my taxes also increased, my healthcare monthly premiums also increased, and the cost of living also increased...  so, my raise was somewhat negated.

ONE MUST RECEIVE A LARGE JUMP IN SALARY in order to get above the normal increases that are associated with all increases.

• Basic College Education will not always provide this jump
• A Graduate Degree may not always provide this jump unless one relocates to another State
• Experience may not always provide this jump

ANOTHER QUESTION:
What would employers do when faced with a minimum wage increase of $15/hour?

1. Would they layoff workers
2. Would they increase prices
3. Would they not expand operations
4. Would they move overseas
5. Would they relocate to other States