Perhaps instead of them being underpaid, could it be that you are vastly overpaid? Europe is not broken in this sense, this is important to not create income bubbles (looking at you, SF) and avoid huge income disparity. https://twitter.com/ZacSweers/status/1228205733302300672 …
I really doubt that investment thesis though. Seems like to should be easy to verify whether people are buying and keeping houses empty in order to speculate
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Why would anyone keep them empty? The idea is to put money into housing, then restrict supply to bump value.
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Right, so the problem is that we are not building enough instead of the speculation part
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