It also creates a system where the only new buildings are luxury condos because on paper it’s usually the only thing that would turn a profit after investing a decade of hoop jumping and political wrangling. No affordable development would ever pass that sort of system.
So the gov is tasked with building affordable housing. Creating a bad situation themselves, pointing the finger at developers and only offering very expensive bandaids as the solution that happens to give them more power, money, and control over the city.
Kingmakers in an high end market while feigning solutions for the low end, and pushing the middle to the suburbs and small towns.
numerous negative effects supported by a variety of studies both in Spain and abroad
No, it doesn't. Everywhere in Spain it works well. It was always there. Those 'studies' come out of mainly the bloated neoliberal Anglloamerican investment circles like the Brookings institute - which was cited just in this discussion.
> The solution, IMHO, building more, could be theoretically be championed by the State, but with ever-increasing construction costs, regulation, taxes on everything, scarcity of land in big cities, and pensions entitlements, where will the money come from?
China is able to build housing like that for ~1.5 billion people and they don't run out of money. Maybe the problem is the bloated, destructive real estate investment sector in the West?
The solution, IMHO, building more, could be theoretically be championed by the State, but with ever-increasing construction costs, regulation, taxes on everything, scarcity of land in big cities, and pensions entitlements, where will the money come from? It's not cheap to build with the quality standards that we all desire everyone to have.
Building co-ops like those that exist in Vienna do exist in Spain, but they are not a panacea, the same problems that a State-run initiative has will apply.