In a context in which more and more Spaniards have difficulty making ends meet, access to housing has become one of the country’s great social problems. With apartment prices at historic highs, many young people (and not so young) assure that save for a down payment on a home It’s almost impossible. However, not everyone shares this vision.
The owner of six homes, Javier Medina, has expressed a very different position on the program The Sixth Explains. In his speech, he explained that he had recently acquired a new property and detailed the conditions of the operation. “I bought a home 10 days ago for 45,000 euros, already furnished and with appliances,” he said, making it clear that, in his opinion, there are still affordable opportunities if you are looking outside the big cities.
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The owner, who claims to currently have 14 tenants “all happy”, pointed out that his latest purchase is in a town 15 minutes from Albacete by car. “Not everyone wants to live there, obviously. If this apartment were in the center of Madrid it would not be worth 45,000 euros,” he explained, defending that the problem is not only in the prices, but also in the expectations of those looking for housing.
He only had to pay 9,000 euros down, something he sees as easy to save.
According to Medina, the bank financed 90% of the amount, that is, 40,500 euros, so he only had to contribute 4,500 euros plus the Property Transfer Tax (ITP). “In total, about 9,000 euros out of my pocket,” he clarified.
Based on that figure, the owner considers that saving the money necessary to buy a home should not be an insurmountable obstacle. “They tell me that someone can’t save 9,000 euros, which I’m going to put down, in three years, 250 euros per month, or say six years… Can’t someone save 125 euros per month to put down?” he insisted.
In response to the response of some of the program’s commentators, who reminded him that many people cannot save that amount of money monthly, the owner added in a critical tone, “Are there people who can’t? Well, then someone has to look at it,” making it clear that, in his opinion, the problem of access to housing does not always lie in prices, but also in the lack of a habit of saving and economic planning.