Lots of interesting comments about the connection between the property building industry and the law-makers in Luxembourg. Also, a bit concerning that the Government is not holding land reserves to build on, it is almost all held by private hands.
Kirchberg was made possibly through eminent domain, maybe that needs to happen with the rest of the farms there (which are HUGE, could accommodate so many homes).
My impression of this country is that there is a lot of “pull up the ladder, Jack” attitude.
The most depressiing part for me in that article was this:
>“I think there are two trajectories here. One trajectory is to say Luxembourg will become something like Monaco or Dubai in the next 20 years, where we allow the market to function and all the people who can’t afford this new situation will be pushed outside of the border. The other trajectory is to try to make Luxembourg a normal city, where people of different incomes live together.
I think that some actors are pushing for one trajectory and others for the other, what matters is the political result, which model has the most appeal for the electorate.
Unfortunately, I can only see one outcome here, minus the ocean views of course.
We could shift from the “economy must go up” mentality
I’ll say it over and over again. Luxembourg government can easily solve the housing crisis. They just choose not to.
Problem is not the land ownership, in Hong Kong for instance all the land belongs to the government and prices are much more higher than in Luxembourg. The problem in both case is the limited amount of Land with building permission. So in both casenit is an administrative issue reducing the supply of building land, the land property is not the real issue.
5 comments
Lots of interesting comments about the connection between the property building industry and the law-makers in Luxembourg. Also, a bit concerning that the Government is not holding land reserves to build on, it is almost all held by private hands.
Kirchberg was made possibly through eminent domain, maybe that needs to happen with the rest of the farms there (which are HUGE, could accommodate so many homes).
My impression of this country is that there is a lot of “pull up the ladder, Jack” attitude.
The most depressiing part for me in that article was this:
>“I think there are two trajectories here. One trajectory is to say Luxembourg will become something like Monaco or Dubai in the next 20 years, where we allow the market to function and all the people who can’t afford this new situation will be pushed outside of the border. The other trajectory is to try to make Luxembourg a normal city, where people of different incomes live together.
I think that some actors are pushing for one trajectory and others for the other, what matters is the political result, which model has the most appeal for the electorate.
Unfortunately, I can only see one outcome here, minus the ocean views of course.
We could shift from the “economy must go up” mentality
I’ll say it over and over again. Luxembourg government can easily solve the housing crisis. They just choose not to.
Problem is not the land ownership, in Hong Kong for instance all the land belongs to the government and prices are much more higher than in Luxembourg. The problem in both case is the limited amount of Land with building permission. So in both casenit is an administrative issue reducing the supply of building land, the land property is not the real issue.