The battle over tourist rentals moves to live TV studios
A landlord and a young man camping out in protest against rental prices, sitting on the same TV set. There was no debate: there was on-air recrimination. It was the young man, according to the messages describing the scene, who called the landlord a "vulture". The episode has once again peine the fight over who is to blame for renting being such an ordeal today.
What peine in the housing debate on Antena 3?
On the set sat an architect who buys run-down properties, renovates them and then rents them out. Facing him, a young man linked to the housing protest camp. The landlord calmly repeated his usual argument: prices adjust to circumstances and to the market. The other, according to the same account, kept up the recriminations without listening. What is striking is not the row, televised and predictable, but that the public conversation has shifted from the problem to the insult.
Why does a commercial space become four tiny flats?
Because the numbers work. According to a hypothesis circulating in the thread, a 120-square-metre commercial space divided into four homes multiplies the rental income, and until recently the regulations allowed 25-square-metre flats, compared with the 40 required today, with tourist licences easy to obtain. The result is not always a good property: poorly ventilated ground floors, no natural light, noise from drainpipes and damp leaks. Some argue that this change of use should not be allowed even in 40 square metres. There, at street level, lies half the debate.
A hundred interested parties for one listing: is it supply and demand?
When a rental listing accumulates 100 messages in one hour, the debate answers itself, according to one forum user's account. It is not that the price is high: it is that more people are looking than there is housing available. Some compare ignoring this to jumping off a bridge convinced that gravity will not apply to you, and point out that years ago, when supply exceeded demand, rents fell and were negotiated downwards. On the other side, the argument that the property market does not regulate itself and that, when it does, it favours those who have the most.
€1,000 salaries and promises of a million homes
Building a lot fixes nothing if the buyer of the new housing is someone who already had money. The diagnosis running through the controversy mixes several layers: salaries of €1,000 net across much of the labour market, according to one message in the thread, and demand that keeps growing. There are calls for institutional self-criticism over years of inaction, and reminders of what was promised: a million homes and 600,000 jobs in the first month of a legislative term, when a planning permit can take five years. Promise fast, build slow is the recurring criticism in the thread.
The example of the medieval innkeeper who rented out bed, food and company surfaces in the conversation as nostalgia for a trade that no longer exists. Neither does the rental market where prices were negotiated downwards exist any more. What if the problem is not the price, but who can afford it?
Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication.
Read the full discussion (52 replies).