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Spain to offer residency to people who buy homes.


By lostand confused   Follow   Mon, 19 Nov 2012, 3:27am PST   696 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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zzyzzx   Mon, 19 Nov 2012, 7:03am PST   Share   Quote   Permalink   Like (1)   Dislike     Comment 1

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

C Boy   Mon, 19 Nov 2012, 10:07pm PST   Share   Quote   Permalink   Like   Dislike     Comment 2

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.

finehoe   Mon, 19 Nov 2012, 10:10pm PST   Share   Quote   Permalink   Like   Dislike     Comment 3

They're probably hoping for retirees.

Zakrajshek   Tue, 20 Nov 2012, 12:05am PST   Share   Quote   Permalink   Like (1)   Dislike     Comment 4

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

FortWayne   Tue, 20 Nov 2012, 12:10am PST   Share   Quote   Permalink   Like   Dislike     Comment 5

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.

lostand confused   Tue, 20 Nov 2012, 12:11am PST   Share   Quote   Permalink   Like   Dislike     Comment 6

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

FortWayne   Tue, 20 Nov 2012, 12:11am PST   Share   Quote   Permalink   Like (2)   Dislike     Comment 7

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!

SkyPirate   Tue, 20 Nov 2012, 12:18am PST   Share   Quote   Permalink   Like   Dislike     Comment 8

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.

C Boy   Tue, 20 Nov 2012, 12:33am PST   Share   Quote   Permalink   Like (1)   Dislike     Comment 9

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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