Hacker News new | ask | show | jobs
by EVa5I7bHFq9mnYK 712 days ago
Sure about 99%? Tourism is 20% of Portuguese GDP. There are 66,000 real estate companies in Portugal. So many more than 1% benefit from wealthy foreigners.

The reason there are many poor people has nothing to with techbros with laptops. Better fix your bloated and corrupt public sector.
2 comments
JetSpiegel 712 days ago
The "corrupt public sector" has been focus of complaints at least since the 19th century, across three regimes, but the number of children living on their parents' homes increased after the foreigners with laptops bought the damn houses, either directly, or through real estate funds.
link
kranke155 711 days ago
Most people I know who work in real estate companies don't get rich.
link