Comments by "" (@shauncameron8390) on "Portugal's residents struggling with rising rents | DW News" video.

  1. With the government's permission and approval.
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  2. But governments are not stopping it because real estate makes up a good portion of the country's GDP plus they're making money from property taxes, high land values, taxes on housing sales, building permit fees, etc.
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  3. Exactly.
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  4. Because the national government allowed them to. Don't you just love investor immigration?
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  5. Limited economy, high taxes, etc.
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  6. Thanks to greedy governments and their restrictions on supply and production.
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  7. Not as terrible as pride.
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  8.  @dool1002  Portugal already have that.
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  9. No. Thanks to the Portuguese government.
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  10. No. Bad government policies that restrict new supply and production is what's hurting housing.
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  11. Which only results in 0% vacancies and higher rents on whatever isn't capped.
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  12. What kind of revolution? If it's a socialist one, it's already there.
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  13. Because your immigration laws allowed them to.
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  14. Portugal is under socialist leadership.
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  15. And in turn create shortages.
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  16. By what? Making everyone poor? If so, then the government has already lived up to its socialist name.
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  17. <Why is supply not growing? Are investors not willing to make money?> Government meddling making things time-consuming and costly ensuring that only the richest of the rich can supply.
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  18. Miami is in North America.
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  19. That's on the Portuguese government.
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  20. But governments and some locals need that foreign investment.
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  21. Thank your government for that.
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  22. But there's barely anything capitalist about Portugal, though.
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  23. With approval of the Portuguese government.
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  24. Extreme rents due to government restrictions on supply while artificially propping demand through lax immigration laws.
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  25.  @tslee8236  Lisbon is where all the jobs and opportunities are.
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  26.  @Vanessa-ii7cc  To compensate for the lack of competitive domestic industry.
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  27. Why? Those "greedy" investors are the reason any new housing is even built at all.
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  28. Maybe, but that's for him to decide. Not you.
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  29.  @duancoviero9759  <Foreign INVESTORS are the biggest reason for the increase in prices. > What about the government regulations and restrictions that jacked up the land values and other costs ensuring that only the richest of the rich can afford to build and own housing?
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  30. And have Portugal look like Detroit with all the decay and blight?
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  31. @Dill China doesn't have the world's largest population anymore. That's India now,
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  32.  @UmPorcentoAoDia  <The current situation is perplexing, as individuals with lower incomes often dwell on the outskirts of the city while enduring lengthy commutes ranging from 30 to 50 minutes to reach their downtown workplaces. Unfortunately, their earnings often fall below expected levels, necessitating shared living arrangements or cohabitation with their parents.> That's pretty much every other city in the world. Paris has this.
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  33. Who would have thought that socialists would be the biggest capitalists around?
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  34. Blame the Portuguese government.
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  35.  @argiberico  And foreign investment.
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  36. No we don't. And the government will just become the landlord in the landlord's place.
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  37. Government intervention enabled investment companies as ordinary people got taxed and regulated out of the market leaving them to fill the void.
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  38. Government regulations actually enabled the crisis as investors are the only entities who can afford to build and own property alongside put up with the government's BS.
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  39. LOL. It does.
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  40. No. The government that granted them visas are the problem.
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  41. <They charge extortionate rents and make modern cities unlivable for regular people> Due to extortionate land values, taxes and restrictions imposed on them by the government.
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  42.  @danielcaldwell1110  Yet it's happening under socialist authority.
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  43.  @filipe5722  Who would have though that socialists be some of the biggest capitalists around?
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  44.  @danielcaldwell1110  Austerity is just one of the end results of socialist policy crippling a country's finances. <which consist in austerity, privatization and bailing out banks with the Portuguese tax payers money while giving support to foreign platforms and not developing their own. Yes, it does not sound like Socialism at all.> It sounds like socialism as bailing out banks is not that far off from bailing out any state-run enterprise that have been mismanaged to ruin. And privatization = business run by family, friends and acquaintances of the government. That's how it's done in China and Russia.
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  45. Better than unfettered socialism that made Portugal part of the PIIGS.
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  46. AirBnB is a consequence of landlords recouping all the money they're losing on rent control as they're not allowed to raise the rent to keep up with rising property taxes, land values, insurance premiums and mortgages.
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  47. The government's personal bank accounts.
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  48. No it isn't. And people tasked with the job of providing housing have the right to tell you NO!
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  49. Blame the government. Who granted them Visas to enter?
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  50. Sounds like Greece 2.0. And it was a socialist government that bankrupted Greece.
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  51. Rent control doesn't work as it prevents new renters from getting housing.
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  52. What Republican greed? The US's housing crisis is mostly situated in Democratic-ruled cities and states.
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  53. Price control does not work. Venezuela already found out the hard way.
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  54. Due to high taxes and inflation.
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  55. How the mighty have fallen. Portugal along with Spain were the original Trans-Atlantic Slave-Traders and colonizers.
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  56. Portugal was one of the original PIIGS.
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  57. Not according to the Mayor and Prime Minister.
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  58. Socialists rule Portugal.
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  59.  @vmoses1979  <Why can't people act decently to care for their fellow citizens?> Because they're not fellows? They don't have much in common with each other despite sharing the same ethnicity, nationality and language.
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  60. Not really. It's not happening in Venezuela or Haiti.
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  61.  @duancoviero9759  In America, building affordable homes is just simply costly and all but completely illegal. Investors have every good reason to seek profit. They paid a fortune just to get a permit to build.
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  62. Also promoting and encouraging interracial relationships, homosexuality, bachelordom, etc.
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  63. Because they make money from property taxes.
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  64. But Boston's average worker salary is over $67 000 USD which is about $5583.33 per month.
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  65. That's the price tom pay for joining it.
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  66. In all fairness, Greece doesn't have much else going for it economically.
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  67. Living in the big city and tourist hotspot in general is expensive.
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  68. Including the ultimate property-owner, the government.
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  69. No. Venezuela doesn't have a housing crisis.
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  70. Government is the last entity you would want controlling housing given their stellar track record for shortages and mismanagement.
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  71. But there are not that many foreign home purchasers to begin with. So however much you can get from them through taxes are minimal at best.
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  72. Rent control = 0% vacancy rates and eventually higher rents. <Forced higher than minimum wage for hotel workers (and probably higher minimum wage in general).> Resulting in higher operating costs and overall retail prices for goods and services. Also, layoffs, reduced staff and hours and higher unemployment.
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  73. Portugal is more of a socialist hellscape than a capitalist one.
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  74. High taxes. That's how. Payroll taxes, business taxes, etc.
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  75. As long as Portugal is part of the EU, that is just not going to happen.
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  76. Portugal is de-facto socialist with a socialist government in charge.
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  77. And that's considering the German government owns most of the housing.
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  78. Air BnB is not the problem. Air BnB came to be by government over-regulation of the rental market.
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  79. Price control will not solve, but exacerbate the problem with supply.
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  80. That would be the government and ordinary home-owners.
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  81. Namely states run by Democrats.
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  82. Exactly.
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  83. In all fairness, that's just payback for what Portugal used to do to foreign countries. Sao Tome & Principe, Guinea-Bissau, Mozambique, Angola, Brazil, Macau, Cabo Verde and East Timor
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  84. Portugal is suffering from over-regulation, not under.
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  85.  @ridgemondhigh4891  Because everyone with money moved out. Mostly White people.
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  86. Venezuela. Cuba. North Korea. Switzerland.
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  87. Land is too scarce and expensive for that. Plus, bureaucracy and high building costs don't help matters. And no one's in the business of losing money due to renting places for below basic operating cost.
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  88.  @seanthe100  That didn't stop Russia from trying to annex them. Finland namely.
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