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Spain to offer residency to people who buy homes.

By lostand confused (10/10 = 100% civil)   2012 Nov 19, 3:27am   ↑ like   ↓ dislike   983 views   9 comments   watch (2)   share   quote  

http://hosted.ap.org/dynamic/stories/E/EU_SPAIN_FINANCIAL_CRISIS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-11-19-12-19-26

Comments 1-9 of 9     Last »

1   zzyzzx (41/41 = 100% civil)   2012 Nov 19, 7:03am  ↑ like (1)   ↓ dislike   quote   top   bottom   home   share  

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

2   C Boy   2012 Nov 19, 10:07pm  ↑ like   ↓ dislike   quote   top   bottom   home   share  

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   2012 Nov 19, 10:10pm  ↑ like   ↓ dislike   quote   top   bottom   home   share  

They're probably hoping for retirees.

4   Zakrajshek   2012 Nov 20, 12:05am  ↑ like (1)   ↓ dislike   quote   top   bottom   home   share  

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

5   FortWayne (22/22 = 100% civil)   2012 Nov 20, 12:10am  ↑ like   ↓ dislike   quote   top   bottom   home   share  

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 (10/10 = 100% civil)   2012 Nov 20, 12:11am  ↑ like   ↓ dislike   quote   top   bottom   home   share  

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 (22/22 = 100% civil)   2012 Nov 20, 12:11am  ↑ like (2)   ↓ dislike   quote   top   bottom   home   share  

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   2012 Nov 20, 12:18am  ↑ like   ↓ dislike   quote   top   bottom   home   share  

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   2012 Nov 20, 12:33am  ↑ like (1)   ↓ dislike   quote   top   bottom   home   share  

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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