The Portuguese can no longer afford to live in Portugal

Post by epolanski » Thu, Sep 01, 2022, 10:26 PM UTC

fsckboy wrote: post #351

"Misery distributes itself throughout a system." High rents mean that a lot of people like a place enough that they'll fight (economically) to live there. The fact that you've lived in a place since before other people might feel like that should entitle you to low rent, but it doesn't, that's not how markets set prices. High rents are just once aspect of "unpleasantness", and people will move around till the misery…

Post by TulliusCicero » Thu, Sep 01, 2022, 10:27 PM UTC

ephbit wrote: post #274

jseliger wrote: post #115

Earlier quoted context omitted.

We pay a rent for a small flat that used to be very expensive and now is on the cheap side in our quarter of the city Portugal should build more housing, which is a simple, effective solution if the rent is too damn high: https://www.theatlantic.com/business/archive/2012/03/the-ren... . The nice thing about indoor space is that we can make pretty much as much of it as we'd like.

Yeah, Portugal should simply tear down all the old mouldy buildings of Lisbon and replace them with shiny skyscrapers, so each and every Portuguese can have their very own flat in Lisbon. Or if they're crazy enough to want to keep these old buildings they could just build all the skycrapers in the park surrounding peak Monsanto, easy. /s

Post by rlf_dev » Thu, Sep 01, 2022, 10:27 PM UTC

z9znz wrote: post #287

I sit reading this in a village in central Portugal, and I have a very different perspective than the OP. What I see are vast numbers of uninhabited, decaying or wholly uninhabitable structures. I see 50+ age men loitering around the town, drinking beer at 10am, and playing scratch-offs. On the roads I see absolutely bonkers drivers who have old cars which obviously have binary gas pedals. They go super slow for no r…

Post by epolanski » Thu, Sep 01, 2022, 10:29 PM UTC

stainforth wrote: post #228

tumetab1 wrote: post #118

Earlier quoted context omitted.

> I hope Portugal won't tackle it like my country, with a cap on rent and other market distortions. I think that only makes it worse. That's one of the reasons why portuguese renting market is so bad. There were rent control policies for like 40 years. It has been phased out but the market still has the signs of its damages. There also other contributing policies and the policies change almost every two years. I'm on…

So either we preference your 150000 euros (and of course interest and margin on top) or someone having a roof over their head, running water, and even the ability to stay in the same are and building community instead of moving each year due to capital seeking max gains.

Post by the_gipsy » Thu, Sep 01, 2022, 10:33 PM UTC

FerociousTimes wrote: post #307

capableweb wrote: post #268

Earlier quoted context omitted.

> The nice thing about indoor space is that we can make pretty much as much of it as we'd like. What? Have you ever been in Lisbon? The city is pretty dense as it is. You could mostly just build higher, and that has its limits too, depending on the structure and foundation. Adding more housing outside the core of the city might not be attractive enough. And increasing the density of people also means you need to incr…

Why does everyone want to live in Lisbon? There are other decent metropolises in Portugal and other fun spots around the country not to get crammed in the capital.