Tag: housing crisis
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The new Maltese socialism is macroeconomics: Labour is turning the welfare-state into crony capitalism
The Labour Party’s new social contract will make banks and construction developers significantly richer. Society’s wealth is increasingly being transferred to the construction industry with banks being indirect recipients of this wealth transfer. Labour is presenting its subsidies as traditional socialist welfare, but underlying this façade there is this transfer of wealth turning the subsidies…
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Home ownership in Malta is decreasing and the youths are becoming mummy’s boys
Questioned by the Times of Malta over the housing affordability crisis, the Prime Minister of Malta stuck his head into the sand and chirped something about tax incentives. His chirping is rather inaudible given the reality surrounding him. The Prime Minister is in denial about Malta’s growing housing affordability crisis and wants to pretend that…
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What are the PN leadership candidates saying about Malta’s housing crisis?
Malta’s major social and economic issue is the housing crisis which is pricing out young people from the property market as property prices in Malta keep soaring. Both of the PN leadership candidates, Adrian Delia and Alex Borg have made comments on the housing crisis. Adrian Delia is proposing a database of empty properties powered…
