you are viewing a single comment's thread
view the rest of the comments
[–] 16 points 3 weeks ago (2 children)

Talking about southern Europe, for years people have been warning politicians and all institutions that the housing situation was unsustainable. They were ignored as always, the numbers were helping their agenda.

Now we see the big cracks showing up. Will they listen? or let the situation aggravate?

More (public) housing needs to be built, taxes need to be raised (by a lot) for vacant homes and non-primary residences, and a better supervision should be put in place to avoid tax evasion.

Will European countries have the will to do what is required?

  • source
  • hideshow 2 child comments
  • [–] 10 points 3 weeks ago* (last edited 3 weeks ago)

    I'm in Portugal and it's hilarious (well, more like infuriating, really) that even the supposedly thinking Left (I'm a member of a small such party here and am thoroughly dissapointed with its leadership) haven't connected the dots yet on a problem which has been painfully obvious for more than a decade:

    • The big problem of "low birth rates" and hence aging population of the country which in turn ends up cascading into all sorts of other problems (for example, an overloaded National Health Service because an aged population need a lot more healthcare services) and even justifies immigration (as a way to bring in working age adults to produce wealth here) can be pretty directly traced back to high house prices making people leave their parent's house much later (here in Portugal the average age for that is 34 years old!), thus having children much later which usually means fewer and because upsizing their home to have more children is also harder that too means fewer children, with the result that the average number of children per-family here is 1.8 when the replacement rate is 2.4 children.

    I mean, even the far-right anti-immigration muppets would logically want lower housing costs so that the locals have more kids and no foreigners need come so that there's still people working to pay their pensions.

    And don't get me started on how at this point half the young adults who get University degrees leave the country as soon as they get their degree, another thing which itself also feeds into things like a National Health Service under pressure (as many of those who leave are trained Doctors and Nurses).

    Meanwhile, an ever greater fraction of ruling politicians have as a second job "realestate investor" - for example the Prime Minister here in Portugal is well know for owning 55 properties - so they have very clear personal incentives to make policies which result in realestate prices increases since that makes them wealthier (and screw everybody else), which in turn makes the situation of the country worse at many levels.

  • source
  • parent
  • [–] 3 points 3 weeks ago

    They'd let the situation aggravate and then blame it on immigrants and focus only on the violence of the few bad actors taking advantage of the situation. You can count on governments doing the wrong thing.

  • source
  • parent