Re:Spain proposes 100% tax on homes bought by non-EU residents
by epicureanideal on Monday January 13, 2025 @08:26PM
(#42692259)
Limited yes, but limited by regulation more than anything else. Within a 30 minute drive of SF there are hundreds of square miles to develop on. Pick a dozen at random and build residential skyscrapers. Problem solved.
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Re:Spain proposes 100% tax on homes bought by non-EU residents
by iforgot22 on Monday January 13, 2025 @08:35PM
(#42692348)
That's pretty much what they're doing. But the apartment that probably requires driving 30 minutes (or 1.5hr train) to work is worth a lot less than something in SF.
Edit: SF itself does have strict zoning. But even if everyone there wanted max density, so they tore everything down and built skyscrapers instead (ignoring the soil problem there), it's a fixed supply of land.
Re:Spain proposes 100% tax on homes bought by non-EU residents
by epicureanideal on Monday January 13, 2025 @08:37PM
(#42692367)
Yeah I’m seeing some of the development but it’s mostly 5 story rather than 50, and very small total area compared to what would be possible.
The apartments are still quite expensive even an hour’s train ride away.