The solution to house prices increase is to build more houses, but the protests demand to freeze prices instead of building more. Are they dumb or is it intentional to keep their cities small and exclusive?
> Are they dumb or is it intentional to keep their cities small and exclusive?
Madrid has 3.4Mln people and is the second-largest city in the EU. How big do you want it to become?
I disagree on "just build more". There was a time where salaries moved more or less line with cost of living, and especially rents, but with AirBnB and estate funds sucking up any and all places they find, there's an enormous pressure that drives up rents for common people, which already struggle as-is to make ends meet. "Just build more" would simply keep pushing those towards the edges of town over time, while the city becomes a glorified luxury hotel that only rich people can afford. I welcome new regulation to combat this.
I just hope this event shatters any hope for the ultra-right parties that voted against it, and that people remember this. Ultimately, if anyone will build more, it'll still be the large real estate companies and funds that keep increasing rents on their tenants.
Last time they touched the housing laws one of the brilliant things they did was to force the owner of the flat to pay the expenses for signing the leasing contract of their tenants, before that change this was paid by the tenant. What happened is the landlords switched from long term rentals to short term rentals because they did not modify that clause for those type of rentals, so the tenants got the worse outcome: rental contracts of 11 months instead of 5 years, which also opens the door to massive rent increases every 11 months or eviction instead of just the inflation rate of the year under the other contracts.
They also keep increasing the difficulty of evicting non paying tenants, taking a lot of rentals out of the market because owners are simply afraid of not being able to evict a non paying tenant, or making prices increase to account for that risk.
> was to force the owner of the flat to pay the expenses for signing the leasing contract of their tenants
The reality is, anyone renting in Spain can readily tell you things don't work this way, if you query this, they go with someone else. Tenants paying the contract fee has an enormous momentum and it's way to easy for landlords to ignore it, in our hot housing market.
jadermcs · · focus · HN ↗
plqbfbv · · focus · HN ↗
Madrid has 3.4Mln people and is the second-largest city in the EU. How big do you want it to become?
I disagree on "just build more". There was a time where salaries moved more or less line with cost of living, and especially rents, but with AirBnB and estate funds sucking up any and all places they find, there's an enormous pressure that drives up rents for common people, which already struggle as-is to make ends meet. "Just build more" would simply keep pushing those towards the edges of town over time, while the city becomes a glorified luxury hotel that only rich people can afford. I welcome new regulation to combat this.
I just hope this event shatters any hope for the ultra-right parties that voted against it, and that people remember this. Ultimately, if anyone will build more, it'll still be the large real estate companies and funds that keep increasing rents on their tenants.
ErneX · · focus · HN ↗
They also keep increasing the difficulty of evicting non paying tenants, taking a lot of rentals out of the market because owners are simply afraid of not being able to evict a non paying tenant, or making prices increase to account for that risk.
ricardobayes · · focus · HN ↗
The reality is, anyone renting in Spain can readily tell you things don't work this way, if you query this, they go with someone else. Tenants paying the contract fee has an enormous momentum and it's way to easy for landlords to ignore it, in our hot housing market.
ErneX · · focus · HN ↗
danaris · · focus · HN ↗
ErneX · · focus · HN ↗