3 ms·
Are those vacation residences, however? That's a bit different from parking money in expensive houses and never visiting.
by return0 11y ago
Are those vacation residences, however? That's a bit different from parking money in expensive houses and never visiting.
- alistairSH 11y agoIs there a difference (assuming the vacation residence isn't rented out daily/weekly)? Either way, prime real-estate is being tied up and made inaccessible to residents. Related thought... I wonder how much AirBnB plays into this? I'm vacationing in Florence later this year and was surprised at the large number of available flats in the historic center. Not just rooms, or random apartments, but in some cases significant portions of buildings.
- return0 11y agoVacation residents are made for that, they dont deprive the locals from housing. In contrast, rich people speculatively buying expensive real estate are just that, speculators.