The Spanish government will pay 250 euros ($284) a month to low-income youths to help them cut the cord in a country where more and more young adults live with their parents because they cannot afford to rent.
Spanish government to pay for young people to leave home
Monthly income announced
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Hello George, may i ask about your experience in the 1970's? I, as a first time buyer in the 1970's in order to get a mortgage had to be trapeze artist, if you had no savings account with a Building Society you had NO chance, and even then you had to have an exemplary record. So please do not think that those aged 70+ now had an easy time, we did not, and in the 1980's you might (?) remember the mortgage rate went up to 15%+, but then I surmise you do not remember those days except as a baby in nappies, or perhaps you were somebodies dream yet to come.
Please note, and what the article doesn’t mention, is that this subsidy only applies to rents of € 600 or below.
The problem with Socialism is that sooner or later you run out of other peoples money !
Affordable housing doesn’t exist for my generation anywhere not even the UK. Unlike in the 70s/80/s you could comfortably afford a mortgage with one job… now you have to have more than two jobs to even qualify. Especially here in the Balearics… a huge percentage of people who live here don’t earn enough to even qualify for a mortgage. The property market is aimed at foreigners and there’s nothing livable on the market for the average joe. Infact the only thing you could probably get is a run down shell of a house that you need to then put several hundred thousand in on refurbishments. I don’t know a single estate agents that isn’t designed to cater to the foreign market here.
Helping people is always good, unlike what the right wing parties do.
A cynic could possibly think that this a vote buyer for the PSOE/UP paid for by the tax payer.