This only creates a market for intermediaries that will rise rents even further. Not to mention that it’s pure xenophobia and scapegoating.
DurangoGango on
I bet paying a EU legal firm to create a holding company and purchase through that is going to come in a lot cheaper than 100%.
There will of course be some marginal buyers discouraged, but it will be far less than the total, which is itself far less than the shortfall in Spanish housing compared to demand.
Pharao_Aegypti on
Anything except building more, huh?
>“The West faces a decisive challenge: not to become a society divided into two classes, that of rich owners and poor tenants”
🙄
>Announcing 12 reforms designed to address the crisis, Sanchez [sic.] said the government’s proposals include a plan to make sure tourism apartments were taxed “like a business” and a proposal to levy a 100% tax on the value of homes bought by non-EU residents.
Does taxing tourist housing “like a business” work or is it a bunch of malarkey?
3 Comments
This only creates a market for intermediaries that will rise rents even further. Not to mention that it’s pure xenophobia and scapegoating.
I bet paying a EU legal firm to create a holding company and purchase through that is going to come in a lot cheaper than 100%.
There will of course be some marginal buyers discouraged, but it will be far less than the total, which is itself far less than the shortfall in Spanish housing compared to demand.
Anything except building more, huh?
>“The West faces a decisive challenge: not to become a society divided into two classes, that of rich owners and poor tenants”
🙄
>Announcing 12 reforms designed to address the crisis, Sanchez [sic.] said the government’s proposals include a plan to make sure tourism apartments were taxed “like a business” and a proposal to levy a 100% tax on the value of homes bought by non-EU residents.
Does taxing tourist housing “like a business” work or is it a bunch of malarkey?