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Re:Spain proposes 100% tax on homes bought by non-EU residents by qball on Monday January 13, 2025 @07:12PM (#42691480)
New development was made illegal in the places people want to live.

It's that simple.

Now, you may agree with the given reasons for making that development illegal (and/or very expensive), or you may not, but that is the undeniable end result of those policies. We made that bed, now we lay in it; we could theoretically un-make that bed overnight, but there's serious money (and political power) riding on making sure this problem never goes away.

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