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It doesn’t take much to destroy a city with money, I can see it happen in a few cities in Europe now. Foreign money, mostly from non EU countries like Russia keeps pouring in raising the market value until no local can afford renting or owning an apartment anymore. Look at places like Sylt or some nicer towns in Switzerland or France, they basically got overrun by rich a••holes buying everything they could. Boggles my mind why people think it’s fair that local families compete with shady millionaires for living space.


Local families are the ones getting rich by having their houses surge in price. And they are probably also the reason why new houses are not being built.


Assuming they aren't renting.




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