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Political Discussion
Reply to "Young people are driving the far-right in Europe"
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[quote=Anonymous]https://www.euronews.com/business/2023/07/04/are-short-term-rentals-the-cause-of-portos-housing-crisis Recent article discussing Porto’s housing crisis. Long story short: airbnbs and foreign nationals. Prompted a big protest in 2023. The housing crisis is real, not imagined. PS - I was there in 2019 and the locals were very vocal about the crisis even then. Fwiw, I don’t think foreign nationals should be able to own real estate. If they must, then there should be heavy front-end fees (like Grand Cayman has/had? Upwards of $1M to have the privilege of buying real estate in the country. And I don’t think people should be able to own countless properties…even citizens. One primary residence, one vacation property, and perhaps a third. That’s it. We have citizens and foreigners who own dozens upon dozens of properties not to mention corporations (both foreign and domestic). It’s a problem. [/quote]
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