Access to housing remains one of the main problems that concern young people in Spain. With prices in historical maximums and the difficulty of emancipating each other, the complaint to buy or Renting a house is unattainable repeats each time more and more frequently. However, economist Gonzalo Bernardos than young people (under 40 years old) are buying more housing than ever since 2007, something that, in their words, especially bothers the leftist politicians.
This has been assured through the social network X (formerly Twitter), in which the Economics professor He maintains that the rise of housing purchase by young people contradicts one of the usual criticisms to the real estate market.
“Left politicians are bothering that young people (children under 40) are buying more housing than ever since 2007. Why? Because the speech that main buyers are investment funds, foreigners, speculators and rentists,” he wrote on the social network.
Why are young people buying more houses, according to Gonzalo Bernardos
Bernardos not only ensures that young people, children under 40, buy more than 2007, but explain the reasons why they are reputable:
- They have greater job stability, thanks to the fact that indefinite contracts give access to a mortgage.
- The mortgage is cheaper than paying a rent. As noted, many young people find it cheaper to pay a monthly loan share than the rental of a floor.
- Help from their parents and grandparents. According to the economist, there is a “great capital transfer of parents and grandparents to children and grandchildren” and with what has been received, “they get the money that the bank does not lend them.”
In this way, although the problem of high housing prices in Spain is a fact, the role of families is decisive in which many young people can access property. In this way, he insists that the market is not dominated only by investors and speculators, something that makes the discourse of left -wing politicians fall.