I don’t understand how they have a rental crises too
>The government today approved plans to make up to 50,000 foreclosed homes held by Spain’s bad bank Sareb available for affordable rent.
So by “abandoned”, they mean repossessed and vacant?
If they were truly abandoned, you could just squat in them.
Spain is one of the last places we should look at for policy making
keep in mind we don’t have many abandoned homes, most of the ghost estates have been finished and sold and the remaining abandoned houses tend to be in the middle of nowhere
I’m sure the anarchists on here will blindly upvote before realising that they aren’t actually breaking down the doors of homes that landlords own.
Hope our government sees this.
These properties were not abandoned, but were some of the hardest-to-sell stock by the mortgage banks after the 2007 crisis, think really remote areas far away from the metropolitan places young adults usually rent in. Banks couldn’t manage to sell these by 2012, before the bad bank was put in place to socialise the losses and avoid them going bankrupt. And now, 10 years after, the worst of the worst of those assets who have been impossible to sell for the past 16 years are being used as a propaganda tool. What Spain and Ireland need is to make it easy to build more houses where people want them, not holiday homes.
NAMA properties should have been turned into affordable housing/rentals not sold back to the fuckers who owed Billions and vultures for a pittance. Everyone involved should have been hung for treason
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I don’t understand how they have a rental crises too
>The government today approved plans to make up to 50,000 foreclosed homes held by Spain’s bad bank Sareb available for affordable rent.
So by “abandoned”, they mean repossessed and vacant?
If they were truly abandoned, you could just squat in them.
Spain is one of the last places we should look at for policy making
keep in mind we don’t have many abandoned homes, most of the ghost estates have been finished and sold and the remaining abandoned houses tend to be in the middle of nowhere
I’m sure the anarchists on here will blindly upvote before realising that they aren’t actually breaking down the doors of homes that landlords own.
Hope our government sees this.
These properties were not abandoned, but were some of the hardest-to-sell stock by the mortgage banks after the 2007 crisis, think really remote areas far away from the metropolitan places young adults usually rent in. Banks couldn’t manage to sell these by 2012, before the bad bank was put in place to socialise the losses and avoid them going bankrupt. And now, 10 years after, the worst of the worst of those assets who have been impossible to sell for the past 16 years are being used as a propaganda tool. What Spain and Ireland need is to make it easy to build more houses where people want them, not holiday homes.
NAMA properties should have been turned into affordable housing/rentals not sold back to the fuckers who owed Billions and vultures for a pittance. Everyone involved should have been hung for treason