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Housing crisis: The hottest political issue European politicians aren’t talking about (www.politico.eu)

submitted 4 months ago* (last edited 4 months ago) by [email protected] to c/[email protected]

35 comments fedilink hide all child comments

The Continent's housing crisis has gone from being a slow burn to a four-alarm fire — but some countries are handling it better than others.

One of Europe’s long-simmering political frustrations is suddenly boiling over.

From Lisbon to Łódź, voters are angry about the lack of affordable housing. Anti-immigrant riots broke out in Dublin last fall, fueled in part by claims that the Irish capital’s limited public housing was being given to foreigners. Meanwhile, in cities like Lisbon, Amsterdam and Milan, thousands of protesters have taken to the streets to denounce the lack of affordable homes.

In a poll ahead of last week’s far-right surge in the European Parliament election, the Continent’s mayors listed housing as one of the most important issues facing their constituencies.

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[–] [email protected] 6 points 4 months ago* (last edited 4 months ago) (1 children)

I don't see how this addresses the AIRBNB problem, or the corporations that are rapidly buying up all ~~analogous~~ available housing stock in order to rent it out.

[–] [email protected] -3 points 4 months ago* (last edited 4 months ago) (2 children)

Ultimately it is a supply and demand issue.

Supply is artificial restricted because no one will build because either they simply can't or the value is going up too much that there is no point (which can be solved) and population is increasing.

If you built a shit load of homes there would be both more houses to rent/buy and more Airbnb options. Honestly the airbnb option in a lot of places is a problem because large hotel can't be built.

There are 827,557 residential homes in Barcelona. There are 10,101 airbnb properties. That's about 1.2%.

What you think happens if Barcelona builds another 100,000 houses/hotels?

[–] [email protected] 1 points 4 months ago (1 children)

100k hours and hotels is going to hit where exactly? And that 10-50 billion dollars of investment is funded by what exactly? Magical money printing machine?

[–] [email protected] -1 points 4 months ago (1 children)

The industry in Spain is worth $206.4 billion per year. Money would be found.

[–] [email protected] 1 points 4 months ago (1 children)

No one is going to loan an industry 20% of its yearly revenue.

I'm beginning to suspect you don't have an mba.

[–] [email protected] -1 points 4 months ago (1 children)

You're an idiot. You're not going to build that much in 1 year.

If you did have that much work being done in Barcelona money would flood in from elsewhere also. Especially the EU.

[–] [email protected] 1 points 4 months ago

Congrats you lose the argument by resorting to personal attacks.

I never said it would be built in a year so it would appear the idiot is you.