10 Years of Blog Archive

Thursday, October 03, 2019

Locals 'Kicked Out from their Homes' to Tourists and Foreign Residents (Expats)

In just three years the rents in Valencia Spain have shot up by 60%.  This is happening right now in Lisbon Portugal. This same thing happened in Panama City Panama and other cities around the world.  Displacing the locals is too much of a good thing. The majority of Panamanians have to live 30 miles or more from where they work because they can't afford to live in the city. It's not just a tourist thing either, it's also a expatriation issue where the RAMM's keep pushing tourist traffic and "move abroad" traffic to these same countries promising a cheaper and better life abroad!

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