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[quote=Anonymous][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]

+1 I agree with this. I'm of Portuguese descent and this is exactly what is happening.
However I think people are going to be in for a real shock if they think a conservative right wing government is going to fix the housing crisis. That's like Trump voters here, they say Democrats have lost touch with working people (they have) and then they think corrupt corporate politicians will help them when all they do is pass tax cuts for the rich.
The real answer to the housing crisis is restrict short-term rentals, tax the hell out of foreign investment properties, and BUILD MORE HOUSING. [/quote]

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