The situation is much the same in cities like Dublin, Athens, and London. The issue lies in voter demographics. Older generations, tend to be homeowners and hom

The situation is much the same in cities like Dublin, Athens, and London. The issue lies in voter demographics. Older generations, tend to be homeowners and homeowners have a vested interest in rising property values, not declines. As a result, politicians cater to them because they are the ones who turn out to vote.