Hacker News new | ask | show | jobs
by dachryn 1211 days ago
lol that's such an abuse of statistics that absolutely makes no sense

The problem in Portugal is the relation between income and housing cost. If the average rent of a 1 bedroom is 1000/month, and the average net income is 1300/month, you have a problem.

And oh boy are they building. Entire new zones that didn't even exist 20 years ago are now full of high rise buildings, public transport, shopping malls, ... But the prices to live there are phenomenal, even to western european standards.

2 comments

Another datapoint, the average salary is about 1300, but the median is about 900. So more than half the people literally can't rent.
Rent is solely a function of supply and demand. They're focusing on the demand side, by looking to limit Airbnbs and golden visa immigration, when they should be looking at the supply side, and how permitting delays and zoning restrictions prevent housing construction.