Why A Quarter Of Paris Is Empty

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[OBFYT]

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[johnlesoudeur]

The biggest problem is that instead of treating a property as a home, it is now considered a successful investment, therefore the wealthier will invest in additional property. Compound this change by government policies such as "buy to let" in the UK. If government legislation becomes too onerous for the "new" landlords to risk letting then they will still regard the property as an investment but will forgo the extra profit activity of letting.

[evolancer]

That Danish law seems pretty great, finding tenants for those empty homes. Like everything I'm sure there are downsides, but that could be part of the solution to housing shortages

[inserttexthere]

As a middle-class Gen Z Parisian I fucking hate not being able to see myself living in my home city, I hope the problem will be solved soon...

[digitalhermit]

This is all the more insane considering I have seen a family with two children living under a bridge in Paris. They live in a house made from tarpaulin and plywood, and I assume the conditions are not at all safe

[ADobbin]

I've a better question. If a quarter of paris is empty why are they building new suburbs on the outskirts? The same is probably true of pretty much every city on earth.

[recouer]

i live in Paris and have been trying to buy a house recently, i can kinda confirm how bad it is.
usually prices are at around 10k per square meter, however, you can easily see prices going up to 16k to 20k per square meter.
basically, prices in paris have went up by 70% in 10 years, mostly due to speculation i'd say.

[luxuryhub]

you totally need to talk about spains population density. the issue is way bigger than in france, being that almost the entire population lives either in the coast or in madrid in the center, leaving a huge ring around madrid where many parts are called "la españa vacía", literally the empty spain. take a look at it it's very interesting

[willmako]

This big problem also combines with the fact that Paris is centralising so many public services. A lot of specialised public schools are only in Paris, meaning you have the choice between spending tons of money on your tuition for a private school or spending tons of money for the rent and grocery prices. And even when some of those big unis decentralise (like Sciences Po Paris), the Paris campus is always the one with the most prestige and opportunities. The Paris rent market has the same effect as legacies and high tuitions for American schools: unless you already live in Paris or are super rich, you're fucked

[NiftyKnot]

Britain is looking at doubling council tax for some Welsh towns that have the "the entire town is on airbnb" problem

[salazar]

Its been 2 am I'm just about to sleep
OBF : why a quarter of paris is empty
Well well well lets find out why🤣😂

[Homer-OJ-Simpson]

The vacant home issue that is the result of speculators is not as big of a problem in much of the US. Property taxes discourage leaving a house vacant as you have to pay taxes on the property so if you don’t live in it or don’t rent it out, you paying a lot of taxes with no earnings to offset.

[pashminagal]

You have missed a couple key points in your summary.
I lived in Paris and the rental laws are archaic.
Many property owners don't want to rent because of this.
You can't evict someone in the winter, if a tenant doesn't pay the rent you can't just evict them, you have to go to court to get them out and that takes years and costs a lot.
French people know the laws and take advantage of it. 
Property owners realize that it is easier to rent to foreigners as they are more reliable and pay the rent,
and take better care of the property.

[Fitzwewels]

You didn’t mention rent control. My cousin has a rent controlled apartment in Paris and he only pays 100 euros a month for it, but he and his fiancé only stay in it when they have work there. They live half the length of the country away, primarily.

I think this might contribute a lot as well.

[Yume_Val]

I haven't noticed anything that looks to be suspiciously similar to other videos, so congratulations on your authentic work

[lexslate]

AirBrb is an amazing invention. It's like they're running a distributed hotel, and they've offloaded all of the risks on to the people who actually own the property. Spectacularly exploitative, like Uber.

As for the speculators, I propose partially offsetting the gas shortage by burning them for heat.

[zaydalaoui]

You have forgotten one key point that for me is a main one as far as I've seen. The law in France completely protects the renter vs the owner, which makes owners reluctant to rent their house unless they need the money. Just to give 2 examples :
- An official renter can stop paying rent to the owner and not face eviction for almost 2 years. The renter just stops paying, the owner can't evict him but can start a legal procedure that takes ages to go into court. So the owner, on top of not having the rent money, has to spend money on a lawyer to sue the renter. At the end, the owner, if he wins, will at best recover the non paid rent and not even the lawyer fees. And if the renter is judged incapable of paying then he will just be evicted and the owner gets nothing to compensate.
- Any person in France can force the entrance of a house and just squat it. If they can prove that they have been staying there for more than 48h, then the owner can't legally force them out without a legal procedure again that takes ages. So a person, with no contract at all can just take possession of you house and stay there and you can't do shit about it. if you try to force them out then you can sue you and you can even go to jail.

These laws are completely fucked up, and that's why my friends and I are particularly reluctant to rent and very careful about squats.

[MATTY]

You can see how much of a problem buy to leave has become in London by getting a train out of Waterloo.
Huge swathes of flats that have been built in the last decade between Vauxhall to Battersea Power station as part of the Nine Elms redevelopment are never occupied.
The biggest indicator is that so few have any lights on in the evening. And that the gentrification has hardly brought any new business to the area.

[danieladamaschin]

In an ironic twist renter protection laws make French homeowners very reluctant to rent a second residence as the eviction process can take years.

Imagine you rented out a place for a year and at the end of the contract you plan for your adult kid to move there, except the current resident does not want to move. If they continue paying rent you cannot evict them. If they stop you can start legal proceedings but no actual eviction for years.

[rotcatxbox]

Shouldve looked into the province Zeeland in the Netherlands, some months some villages alongside the seacoast are utter ghosttowns due to the vacant housing from Germans.