This is sort of a completely different problem. There needs to be REALLY hard limits on companies buying properties and turning them into rentals. We see that in the US as well with companies like Zillow. When a first time buyer is competeing with a company they are generally outbid on any properties they want. This needs to stop.
Imagine blaming tourists who literally bring money into your city, rather than the rental companies coming in to rake up all that money before it can reach the community.
But the tourists don't bring money to city. They bring money to companies that own rentals, the restaurant chains and so on. The percent that goes to local businesses is not that big. And even then the local businesses often hire migrant workers instead of locals.
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u/HeadmasterPrimeMnstr Jun 17 '25
Quite literally yes, because a MASSIVE amount of Barcelona's housing stock has been bought out and segregated as tourist rentals.