3 ms·
Is it because the owner/speculators don’t want to rent them out because the laws allow squatting? There are articles that say that rental prices have increased
by babesh 5y ago
Is it because the owner/speculators don’t want to rent them out because the laws allow squatting? There are articles that say that rental prices have increased (I think I read somewhere between 7 and 15%) but given how much that person was paying (even to a pretend owner), people just can’t afford to pay much. It may not be worthwhile to the owners to rent them out for so little. The hassle of bad tenants and having to refurbish after tenants may mean that you end up losing money. Also, increase in rental prices should be expected given the worldwide money pumping. The exception will be areas like SF with the move to WFH.
- babesh 5y agohttps://www.reuters.com/world/europe/despite-government-ban-eviction-threat-looms-spanish-family-2021-08-11/ https://www.reuters.com/world/europe/despite-government-ban-... Here is more information. The family highlighted has a couple of disabled and someone who lost their job due to COVID-19. They have an income of 1000 euro per month and offered their landlord 250 euro per month for rent. From 2013 to 2019, rents increased 50% (I think another timeframe should be used since the property market deflated a few years before that) but salaries went down 8%. The Spanish economy decreased by 11% in 2020.