I see. I imagined something like that. It's weird to look at nominal valuations in this way. Where US asset classes may seem wildly different, I suppose much of the valuation could be seen as 500% increase in property or the 500% decrease in purchasing power. Then there are larger property markets (PR.China where after 70 years the lease returns to the state.) I guess that knowledge is nothing new to people here.

Thanks, was just curious. I picture Portugal as a place with coastline, culture and weather as a form of wealth.