> So housing affordability in the major cities remains poor. The youth therefore get squeezed out and emigrate, leaving an increasing tax burden problem paying

> So housing affordability in the major cities remains poor. The youth therefore get squeezed out and emigrate, leaving an increasing tax burden problem paying for all the benefits given to the increasingly aging population. At a risk of going off on a tangent, it should be said that this is a direct consequence of the 2007-2008 financial crisis and the resulting 2010–2014 Portuguese financial crisis. https://en.wikipedia.org/wiki/2010%E2%80%932014_Portuguese_financial_crisis https://en.wikipedia.org/wiki/2010%E2%80%932014_Portuguese_f... A series of banks went bankrupt, the construction sector was ravaged, the real estate sector plummeted due to a market where neither consumers not producers could have access to credit. With the drop in supply and a constant demand, housing costs skyrocketed even though salaries stagnated. The youth is then faced with the problem of either facing a lifetime of earning salaries that don't allow them to buy or even rent a home or emigrating to places where it's possible to earn a modest living. Taxes aren't the problem. The bulk of the income of those who can afford a home is already syphoned to service the costs of buying a home. If housing becomes affordable, people stay and will have disposable income.