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Spain is not the US. Barcelona had been building a lot of housing. Its not enough as they get converted to airbnbs or get scooped up by rich foreigners or forei
by zrn900 2y ago
Spain is not the US. Barcelona had been building a lot of housing. Its not enough as they get converted to airbnbs or get scooped up by rich foreigners or foreign investment funds.
- anthonypasq 2y agoReal estate is only a good investment vehicle because the western world refuses to build shit. why on earth would you expect investors be enticed to buy a fundamentally depreciating asset instead of equities?
- mardifoufs 2y agoLol what? Maybe back in 2007 before the crash that ruined tons of Spanish construction companies and investment in real estate. Otherwise the US builds a lot, and apparently Barcelona still doesn't build enough.