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This is just rampant populism and greedy politics in action. Everyone understands that the most reasonable solution would be to simply build more (yes, it's pos
by lazyjones 10y ago
This is just rampant populism and greedy politics in action. Everyone understands that the most reasonable solution would be to simply build more (yes, it's possible even in old cities like Paris, just allow adding a few floors on top of every building). If a 20% tax in addition to operating costs of apartments did not help their cause, what - except more tax money - do they expect from 60%? A hypothetical greedy speculator will just rent 1 of 3 apartments and break even.
- stuaxo 10y agoThe point is, that we hav3 already built more but they are not being used to live in, what's to say the same wouldn't continue to happen.
- lazyjones 10y agoNobody builds new apartments in order to leave them empty, that's a terrible use of capital (exception: extremely luxurious flats). Speculative investments in real estate are usually old/desolate buildings, where it's worth it to wait until the last renter leaves/dies in order to sell or tear down the whole building. I know that's how things are here in Vienna, I don't see why things would be any different in Paris, where there are very similar problems (old city, strict laws for tenant protection, influx of migrants, investments increasing prices since the 2008 crisis, complaints about empty flats).