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by vivekd 526 days ago
I donno if it entirely wrong to blame foreigners. If you have a bunch of silicon valley digital nomads flying to Spain and buing and selling houses to each other I can see how that could easily leave locals out of the housing market. That seems like something that government should control against if locals can't affording housing.

I imagine that if a bunch of rich people decided to treat Spanish homes like stocks (holding and flipping) it would be pretty easy to get high prices and bubbles. Doesn't it follow from suppy and demand?

>Increase the supply, and the prices will go down.

what's wrong with tackling both demand and supply. Why shouldn't spain do both - build more homes to tackle supply while also curbing foreign home ownership to tackle infalted demand