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this post was submitted on 22 Jun 2024
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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.
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?
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?
The industry in Spain is worth $206.4 billion per year. Money would be found.
No one is going to loan an industry 20% of its yearly revenue.
I'm beginning to suspect you don't have an mba.
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.
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.
If there is a shortage of housing what do you actually propose to make more housing?
You can't possibly think 1% of housing will solve this problem never mind for a generation even for short term it won't solve anything.