Demand for a rent cap in Palma - "It is unviable to live in the city"
The Balearic Government has said it will not implement rent caps
The opposition PSOE in Palma are demanding that the town hall administration implements a rent cap in the city.
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6 comments
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There are other places to live with good transport to Palma, and most likely with lower rents. You want or need to live in Palma then you have to accept a high price.
It's certainly difficult for those seeking cheap rents. But then, the same is true in London. Or Hamburg. Or Munich. Or Los Angeles. Or Hong Kong. Or Dubai. Or Sydney. And especially Zurich. And yet, lots of people live there. And in Palma too. Hmm ...
Change the okupado law first, that would help.
Price controls don’t work. We have many examples through history how it makes the problem worse. Argentina is a good example of how it is just the opposite. They have recently LIFTED rent caps in Buenos Aires and apartments for rent supply surged. Apartment costs have actually come down. I would explore lifting regulations, and enforce laws for owners to remove tenants who aren’t paying their rent. More will be willing to rent their property rather than keeping it vacant.
Remove the protection of the ocupas (skatters) and look at the markek being flooded by rentals and the prices get down. Owners rather have their property vaccant than risk haveling people in destroying everything and not paying. Thanks the psoe for that.
The PSOE did nothing when they were in power. They are just as bad as the PP