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It's not surprising at all when you understand that these laws and regulations are so stringent that they cause massive costs to landlord who want to rent, so m

by jdasdf 5y ago

It's not surprising at all when you understand that these laws and regulations are so stringent that they cause massive costs to landlord who want to rent, so much so that it is almost financial suicide to try and do it. My parents own some apartments and offices, and having seen the issues they have had with them, despite having for the most part good faith tenants, i know for a fact that when they pass and i inherit their assets i will liquidate them all and never get involved in any form of real estate in Portugal. I do this not because I don't want to, but because the ever changing laws, confiscatory taxes and public ill-will on landlords makes it a stupid proposition. Good intentions generally have terrible results.

inetknght 5y ago
> these laws and regulations are so stringent that they cause massive costs to landlord who want to rent I would argue that the laws and regulations are sort've working as intended in that they deter renters. Unfortunately it also isn't working as intended in that it's not encouraging primary residency. So you end up with the worst of both worlds: neither renters nor homeowners. Personally, I am strongly of the opinion that renting for more than a temporary amount of time should be very strongly discouraged; that people should own their place of residence; and the correlation that there should be very few landlords over renters. But I can see how that can be bad for some types of economies...
- runeks 5y ago
  Would you also be opposed to a group of pensioners getting together and buying an apartment block, and renting it out to young people who have no savings? That way the pensioners have an income to live on — without slowly draining their savings — and the young people have a place to live without having to take out a huge loan.
  - inetknght 5y ago
    > Would you also be opposed to a group of pensioners getting together and buying an apartment block, and renting it out to young people who have no savings? Yes. Why should anyone have free income? That idea is backwards to a functioning economy. > That way the pensioners have an income to live on — without slowly draining their savings — and the young people have a place to live without having to take out a huge loan. Here's a better solution: group of pensioners getting together and buying an apartment block. Then instead of renting it out, they rent-to-own. Renting there builds equity. Moving out means an opportunity to sell the equity, with a guaranteed floor that the landowners would buy back. At some point the equity means you own your unit.

by jdasdf 5y ago

inetknght 5y ago

> these laws and regulations are so stringent that they cause massive costs to landlord who want to rent I would argue that the laws and regulations are sort've working as intended in that they deter renters. Unfortunately it also isn't working as intended in that it's not encouraging primary residency. So you end up with the worst of both worlds: neither renters nor homeowners. Personally, I am strongly of the opinion that renting for more than a temporary amount of time should be very strongly discouraged; that people should own their place of residence; and the correlation that there should be very few landlords over renters. But I can see how that can be bad for some types of economies...

runeks 5y ago
Would you also be opposed to a group of pensioners getting together and buying an apartment block, and renting it out to young people who have no savings? That way the pensioners have an income to live on — without slowly draining their savings — and the young people have a place to live without having to take out a huge loan.
- inetknght 5y ago
  > Would you also be opposed to a group of pensioners getting together and buying an apartment block, and renting it out to young people who have no savings? Yes. Why should anyone have free income? That idea is backwards to a functioning economy. > That way the pensioners have an income to live on — without slowly draining their savings — and the young people have a place to live without having to take out a huge loan. Here's a better solution: group of pensioners getting together and buying an apartment block. Then instead of renting it out, they rent-to-own. Renting there builds equity. Moving out means an opportunity to sell the equity, with a guaranteed floor that the landowners would buy back. At some point the equity means you own your unit.