Spanish renters are declaring 'war' on the American investors that bought up all the apartments

[Demovictory9]

Spanish renters are declaring 'war' on the American investors that bought up all the apartments in their neighborhoods

US private equity firms that own property in Spain have been evicting residents during the pandemic, the NYT reports.
Tenants and housing activists have declared "war," protesting evictions by squatting in apartments.
They argue that the investment firms have been profiting off the economic strain caused by the pandemic.
Renters who can't afford to pay their landlords are being evicted, and they're furious about it. They're especially mad that their landlord is a large investment firm headquartered in Wall Street.


But what if I told you this was happening thousands of miles away from New York City, an ocean away even, in Spain? And what if I told you the Spanish evictees aren't taking it lying down?

Large American private equity firms have been evicting renters from their apartments in Spain as the residents have struggled to pay rent during the pandemic. Renters, however, have been organizing against the landlords, lawyers, and police officers trying to evict them, refusing to leave their own homes and squatting in others.

A group called "Guerra a Cerberus" — War Against Cerberus — has been fighting back against eviction attempts, The New York Times reported this week. The organization, made up of both residents and long term housing activists in Spain, are protesting the firms that they argue have been profiting off the financial strain of the pandemic, as well as the court system, which they view as favoring landlords in eviction cases.


https://www.msn.com/en-us/news/world/spanish-renters-are-declaring-war-on-the-american-investors-that-bought-up-all-the-apartments-in-their-neighborhoods/ar-AAR3nGP?ocid=msedgntp

[captain queeg]

1. It reminds me of a sci-fi I read many years ago but never finished

Aliens had come to earth and were buying up residential homes at inflated prices. Then they’d just destroy them. Like I said I didn’t finish so don’t really know the end game. But the idea of people selling their home for a ton of money stuck with me. Investors don’t help residents and I’ve been to vacation towns where real estate is very expensive and not even occupied most of the year. Locals are driven out ultimately.

[KT2000]

2. They are destroying the idea

of homes for families. They are driving up the prices so they can sell at a profit and meanwhile people who need homes cannot find one they can afford. Also, these firms buy with cash.

Vancouver BC put a stop to the practice of foreign investors controlling housing markets like this. They charge 15% for sales of homes to foreigners. They also require the homes be occupied.
The US needs to do the same, and apparently Spain too.

[Yo_Mama_Been_Loggin]

3. Same assholes who have driven up the cost of housing in this country