2 ms·
I have no comment on if this is good or bad, I am just curious how laws like this get passed in the first place. You would assume that most home owners would no
by ds 8y ago
I have no comment on if this is good or bad, I am just curious how laws like this get passed in the first place. You would assume that most home owners would not be in favor of something like this, as it obviously would seek to decrease the value of their property by reducing the potential acquirers. The only thing that would make sense is if in Amsterdam, most voters rent vs own.
- pfisch 8y agoI don't understand who would vote for this. I mean if you are a renter this means rents will go up, and house prices probably won't go down enough to make them affordable.
- hnarn 8y ago> You would assume that most home owners would not be in favor of something like this, as it obviously would seek to decrease the value of their property by reducing the potential acquirers. It's obvious even from the headline that this "ban" only applies to newly built homes, meaning that if you own an "older" home (whatever the definition of that ends up being), this does not apply to you. So in a perverted sense, being an Amsterdam home owner may be beneficial, since the politicians are rigging the market to your advantage, if you are an "older" home owner. As for renters of these "older" homes, I'd say the outcome is fairly predictable: your rent will skyrocket as the demand for your landlords real estate increases, unless there are already other political tools in place to cap rents.
- bertil 8y agoA minority of the electorate is contemplating selling or renting a newly-built house in the near future. Most of not all Amsterdamers’ are living the consequence of having house prices rising beyond what they can afford; many complain about foreigners moving in and not making the effort to acclimate.