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Spain to offer residency to people who buy homes.

By lostand confused   2012 Nov 19, 3:27am   1,039 views   9 comments   watch (2)   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   571/571 = 100% civil   2012 Nov 19, 7:03am  ↑ like (1)   ↓ dislike   quote    

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    

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    

They're probably hoping for retirees.

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

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

5   FortWayne   424/428 = 99% civil   2012 Nov 20, 12:10am  ↑ like   ↓ dislike   quote    

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   223/223 = 100% civil   2012 Nov 20, 12:11am  ↑ like   ↓ dislike   quote    

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   424/428 = 99% civil   2012 Nov 20, 12:11am  ↑ like (2)   ↓ dislike   quote    

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    

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    

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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