Re:Squatting in Spain: Understanding Spain's "okupas" problem
by carlosjobim on Thursday June 06, 2024 @03:43PM
(#40601535)
Renters are already paying the maximum they can. No landlord would let that juicy money go unmolested.
If landlords prefer to let their investments sit empty instead of selling, because their profits from renting aren't enough, then that is a foolish decision. But you shouldn't annihilate a whole nation because of such folly.
Landlords are competing in a market. The maximum possible rent has to do with how much the rest of the market is charging. That in turn is capped from above by how much a would be landlord would pay to buy a unit and start renting it out. If that price goes up, then landlords can charge more.
There is also a maximum amount that people can pay, but they have little choice but to pay whatever the market is charging, or else live on the street.