The Portuguese can no longer afford to live in Portugal

Re:The Portuguese can no longer afford to live in Portugal by TulliusCicero on Thursday September 01, 2022 @06:15PM (#32684080)

My experience with most people saying "we are building more housing" is that they drastically overestimate how much housing is getting built, especially relative to yesteryear. If you look at net increase in units YoY, it's usually quite modest even for booming, "in-demand" areas.

The other part is that the same things that make it slower to build more housing also make it more expensive, all the various bureaucratic processes.

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Re:The Portuguese can no longer afford to live in Portugal by stevenhuang on Thursday September 01, 2022 @10:21PM (#32685871)

Also the kind of housing being built matters greatly. If cities continue to zone for single family homes, the increase to supply will not be significant.

Furthermore builders will need to be incentivized appropriately otherwise we'd get an abundance of luxury apartments (higher margins).

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Re:The Portuguese can no longer afford to live in Portugal by aperson_hello on Thursday September 01, 2022 @07:52PM (#32684907)

If housing units are increasing in double digit percentages per year, then we're talking! Otherwise, it's at best keeping up with population growth.

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Re:The Portuguese can no longer afford to live in Portugal by bobthepanda on Thursday September 01, 2022 @08:54PM (#32685340)

Time is money. The longer you spend time on a process, the longer you spend on people to just babysit, and the more inflation ticks up the cost of materials.

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