86 sats \ 6 replies \ @orthwyrm 23 Jun \ parent \ on: Stacker Saloon
https://www.theolivepress.es/spain-news/2024/06/21/breaking-barcelona-will-remove-all-tourist-apartments-in-2028-in-huge-win-for-anti-tourism-activists/
Expecting to see more of this kind of policy going forward. Storing one's wealth in bricks and mortar will become the risky, mediocre investment it always should have been.
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I do wonder if this will get past the courts….
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Should get a lot of young, potentially left leaning, voters supporting it. But I can’t guess what will happen next week let alone in 3-years.
Other cities who could be watching and suffer similar issues; Lisbon, Milan, Venice. And Ibiza is terrible for local workers.
Depends how much of the local economy truly benefits from services like rentbnb etc I guess
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Wow. That is next level… wonder if Ibiza could be next..
And property capital is just ‘parked’ it’s not truly invested or helping anyone except fellow speculators.
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