> Or not to invest into it in the first places which results in even lower supply of housing long-term Even better - the state can easily construct subsidized

> Or not to invest into it in the first places which results in even lower supply of housing long-term Even better - the state can easily construct subsidized housing and make housing even more available. No need to rely on private profiteers for housing. > House prices in Spain haven't yet recovered to their pre 2009 levels A lot of things in the world have not recovered to their pre 2008 levels. That doesn't mean that profiteering is not going on. > I'm not sure if its necessarily the soundest long-term investment. Hopefully its not, and there will be even less investors. Housing should not be something for profiteering.