Housing is expensive because:
1. Progressive governments making incredibly difficult and expensive to build houses, apartments, etc.
- E. g. I'm trying to build a house since SEVEN YEARS ago. Do you know what's the financial cost of having the land sitting there for 7 years? Who do you think is going to pay for that? Not me: it will be whoever buys that house.
- E. g. the 2023 Housing Law making mandatory to offer 40% of the housing a lower prices. Since construction costs are fixed and very well-known by now, who do you think is going to subsidize that 40%? Correct: the other 60%.
2. Rental prices are up, and will be even higher, because landlords have no protection against quatters and default tenants. I have suffered the problem myself: I put out for rent the apartment were I used to live until a few years ago and the tenants only paid for the first month. Then it took me 18 months to kick them out. That apartment will not for rent until the law changes. There's MILLIONS of apartments in Spain like that. Protecting the landlords (eg kicking squatters and defaulters in 2 weeks instead of 2 years) would make one million apartments available immediately, bringing prices down.
2. Rental prices are up, and will be even higher, because landlords have no protection against quatters and default tenants. I have suffered the problem myself: I put out for rent the apartment were I used to live until a few years ago and the tenants only paid for the first month. Then it took me 18 months to kick them out. That apartment will not for rent until the law changes. There's MILLIONS of apartments in Spain like that. Protecting the landlords (eg kicking squatters and defaulters in 2 weeks instead of 2 years) would make one million apartments available immediately, bringing prices down.