Lifestyle and living standards arbitrage


Since the Eisenhower administration, the U.S. hasn’t collected comprehensive statistics on the number of citizens leaving. Yet data on residence permits, foreign home purchases, student enrollments and other metrics from more than 50 countries show that Americans are voting with their feet to an unprecedented degree. A millions-strong diaspora is studying, telecommuting and retiring overseas.

The new American dream, for some of its citizens, is to no longer live there.

In the cobblestoned streets of Lisbon, so many Americans are snapping up apartments that the newest arrivals complain they mostly hear their own language—not Portuguese. One of every 15 residents in Dublin’s trendy Grand Canal Dock district was born in the U.S., according to realtors, higher than the percentage of Americans born in Ireland during the 19th-century influx following the Potato Famine. In Bali, Colombia and Thailand, the strains of housing American remote workers paid in dollars have inspired locals to mount protests against a wave of gentrification.

More than 100,000 young students are enrolled abroad for a more affordable university degree. In nursing homes mushrooming across the Mexican border, elderly Americans are turning up for low-cost care.

On a conference call last month hosted by Expatsi, a relocation company, almost 400 Americans signed up to learn how to move to Albania. The former Stalinist state offers a special visa allowing U.S. citizens to live and work there, with no tax on foreign income for a year, no questions asked.

“Previously, the Americans leaving were super-adventurous and well-credentialed,” said Expatsi founder Jen Barnett, a 54-year-old Alabama native who moved to Yucatán, Mexico, in 2024.

“Now they’re ordinary people, like me,” she said as she ticked through growth numbers.

Here is more from the WSJ.  And we are not yet into the era of “AI-savvy Americans being paid lots to help foreign countries manage their own transitions.”

The post Lifestyle and living standards arbitrage appeared first on Marginal REVOLUTION.



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