#Sovereignty
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The Mediterranean Arbitrage: Climate Scarcity, Sovereign Friction, and the Death of Landed FIRE
Covering less than 2% of Earth’s landmass, Mediterranean climates represent a premium physical asset for the globally mobile. As Southern Europe dismantles real estate Golden Visas in favor of strict income-tested nomad permits—and triples down on tax scrutiny—geographic arbitrage is shifting from asset-heavy property acquisition to agile seasonal rotation and sovereign risk management.