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Portugal has this very issue. A previous HN thread from a few weeks ago went into more detail about it. The tl;dr is if you drop 5000 people earning 2x the ave
by com2kid 3y ago
Portugal has this very issue. A previous HN thread from a few weeks ago went into more detail about it.
The tl;dr is if you drop 5000 people earning 2x the average salary into a neighborhood, the prices of everything goes way up. Rent, food, entertainment, locals get priced out very quickly.
- lurking_swe 3y agonaive question - is the situation in portugal different from japan? i was unaware of the issue so i did some brief reading. https://www.bbc.com/news/world-europe-65485908 https://www.bbc.com/news/world-europe-65485908 seems like a tourism issue? that and extremely low wages compared to cost of living. If the government functioned for the people, i imagine it would be trivial to place severe limits on short term tourism rentals, but they have chosen not to do so.