What's Happening?
Doug Barnard, a 29-year-old American, moved from New York City to Istanbul, Turkey, where he pays $1,369 per month for a duplex apartment. Barnard, who previously worked in e-commerce at Walmart, was laid off during the COVID-19 pandemic and decided to focus on his YouTube travel channel. He has been living in Turkey for over a year with his girlfriend, enjoying the cultural and historical richness of Istanbul. Barnard's move was inspired by his travels and the desire for a more immersive experience, leading him to establish a boutique tourism company offering cultural immersion tours.
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Why It's Important?
Barnard's experience highlights the growing trend of Americans seeking affordable living options abroad, driven by economic factors and lifestyle preferences. His story underscores the appeal of cities like Istanbul for their cultural vibrancy and lower cost of living compared to major U.S. cities. This trend may influence real estate markets and tourism industries, as more individuals explore international living arrangements. Barnard's entrepreneurial venture also reflects the potential for business opportunities in the tourism sector, catering to travelers seeking authentic experiences.
