Spain to offer residency to people who buy homes.


By lostand confused   Follow   Mon, 19 Nov 2012, 11:27am   582 views   9 comments
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http://hosted.ap.org/dynamic/stories/E/EU_SPAIN_FINANCIAL_CRISIS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-11-19-12-19-26

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  1. zzyzzx


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    Baltimore, MD

    1   3:03pm Mon 19 Nov 2012   Share   Quote   Permalink   Like (1)   Dislike  

    If there is one thing a place with 25% unemployment needs, it's immigrants. LOL!

  2. C Boy


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    2   6:07am Tue 20 Nov 2012   Share   Quote   Permalink   Like   Dislike  

    zzyzzx says

    If there is one thing a place with 25% unemployment needs, it's immigrants. LOL!

    It's unclear if residency includes a work visa.

  3. finehoe


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    3   6:10am Tue 20 Nov 2012   Share   Quote   Permalink   Like   Dislike  

    They're probably hoping for retirees.

  4. Zakrajshek


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    Chico, CA

    4   8:05am Tue 20 Nov 2012   Share   Quote   Permalink   Like (1)   Dislike  

    I'll buy a house there for $500. That's my final bid.

  5. FortWayne


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    5   8:10am Tue 20 Nov 2012   Share   Quote   Permalink   Like   Dislike  

    finehoe says

    They're probably hoping for retirees.

    No country wants a flock of retirees. Everyone wants young workers, preferably those willing to work for cheap.

  6. lostand confused


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    6   8:11am Tue 20 Nov 2012   Share   Quote   Permalink   Like   Dislike  

    It used to be that Chinese immigrants came hidden in shipping containers risking death and deportations. Now they are asking them to come in !!

  7. FortWayne


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    7   8:11am Tue 20 Nov 2012   Share   Quote   Permalink   Like (2)   Dislike  

    zzyzzx says

    If there is one thing a place with 25% unemployment needs, it's immigrants. LOL!

    They are going for CA business model. High unemployment? Bring more Mexicans!

  8. SkyPirate


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    8   8:18am Tue 20 Nov 2012   Share   Quote   Permalink   Like   Dislike  

    What retiree in their right mind would select Spain when massive tax hikes are inevitable?

    There are many Latin American countries much more financially favorable to retirees.

  9. C Boy


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    9   8:33am Tue 20 Nov 2012   Share   Quote   Permalink   Like (1)   Dislike  

    SkyPirate says

    What retiree in their right mind would select Spain when massive tax hikes are inevitable?

    There are many Latin American countries much more financially favorable to retirees.

    Unlike the US, you only pay taxes in Spain on money earned in Spain.

    Those Latin American countries are rolling up the carpet and are not nearly as friendly as the were in years past.

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