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by toomuchtodo
807 days ago
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You’re right, it is quantity. There is only so much housing that could be built in Ibiza, it’s only about 220 sq miles. If a majority of that housing was non market housing, this problem wouldn’t exist (and folks with wealth would simply fight and churn over the minority of market housing). Non market housing isn’t exposed to capital, and therefore avoids the demands capital places on housing and extraction of ever increasing rents. |
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