The Prime Minister of Portugal is known for owning 55 realestate properties.
Some years ago already, a third of the city council members in Lisbon declared “realestate investor” as their second job.
Realestate investment is quite common amongst members of Parliament here, especially the ones not from Lisbon as they get a pretty much unlimited subsidy to pay rent for a place to live in Lisbon, so they move to Lisbon and rent their old home in the region (outside Lisbon) they came from and represent which starts them down that path if they were not already.
Obviously none of these people will do anything in any way form or shape to stop house prices (and hence rents) from going up. In fact quite the contrary: the current government recently passed a law reducing renter rights and last year their measure for, they claimed, “help young people buy their first house” - state guaranteed loans to buy a first house - resulted in a 17% house price spike just that year, exactly the same kind of outcome as the last time a similar measure was enacted (so either they’re complete total incompetent morons or a spike in house prices was the intention behind that measure).
Maybe they can build tents from landlords? Stop treating housing as an investment. Devalue housing and start building.
The Prime Minister of Portugal is known for owning 55 realestate properties.
Some years ago already, a third of the city council members in Lisbon declared “realestate investor” as their second job.
Realestate investment is quite common amongst members of Parliament here, especially the ones not from Lisbon as they get a pretty much unlimited subsidy to pay rent for a place to live in Lisbon, so they move to Lisbon and rent their old home in the region (outside Lisbon) they came from and represent which starts them down that path if they were not already.
Obviously none of these people will do anything in any way form or shape to stop house prices (and hence rents) from going up. In fact quite the contrary: the current government recently passed a law reducing renter rights and last year their measure for, they claimed, “help young people buy their first house” - state guaranteed loans to buy a first house - resulted in a 17% house price spike just that year, exactly the same kind of outcome as the last time a similar measure was enacted (so either they’re complete total incompetent morons or a spike in house prices was the intention behind that measure).