I am a local student here in Malaga and yeah, I can’t rent an apartment at all, only rooms. Very tired of this. I am going to move out of this city once I finish my degree. To hell this city, everything is geared towards tourists. No infrastructure, no new housing for locals, salaries are low as hell. Worst city.
I think it is quite common that students to live in shared housing (worldwide). I did that for many years and enjoyed it! But like you point out, the problems begin once you graduate. Good luck on everything :)
@@FriiInfo I had to live in rooms even when I lived with my mother. We couldn’t afford an apartment so we rented rooms. And I am sharing the flat with other adults, who aren’t students. Renting rooms is so common now, renting an entire apartment is a luxury… I think maybe when I’m 35 or so I’ll be able to afford it. Until then…
The dark side of success. Housing adapting to the demand of the wealthiest potential buyers while local buyers feel expelled from the best areas, forcing them to pay for overpriced inland properties. Also let's talk about online platforms to rent a room or any accommodation, especially a well known one starting with Air followed by BnB. They offer so many options and you basically can get the place and the keys without having to talk to the landlord. How many of the options to rent are available through those platforms? Prices are too high for local people and it's only getting worse
Airbnb success is a side effect of how bad the long term rental works for landlords. Basically everything is against them (tenants not paying, not easy to get rid of them, tenants can stay as long as they want, you can not raise prices according to inflation, taxes keep going up). With the new regulations, now is even more complicated than before to get a tenant using a real state agency. It is a crazy scenario and anyone with a brain is either doing Airbnb or renting rooms. Airbnb is not so much fun either. Competition is fierce, all the money goes between cleaning fees, commisions to the website and of course taxes. But at least you have more legal security and you get paid upfront. Tenants are always the people who end up paying for the difficulties. Prices go up because you are not only paying for the apartment, but for a non-paying insurance, for a finance background and for a protection against inflation. The solution is not more laws and rules (this time against Airbnb). Just make it easier (and safer) to rent an apartment long term and people would hapily do it.
I wonder what happens to people who lose their remote jobs. do they lose their visa as well? I am just assuming that the government requires digital nomad visa holders to report their income -- via tax paid -- so if the government sees that there's no income or lower income, they will make DNV holders leave country?
I believe in most cases, they dont have to declare, unless they stay there long enough to be taxed (that is, becoming a tax resident). Also a digital nomad visa allows you to stay for a limited time only (months or years, depends on the country offering it and/or your case).
@@cathymabb2695 Thanks for the insights. Yes, limited from 1 to 3 years for DNV but I am curious if they check income every month -- if one is required to show invoices, account at the bank, etc -- and go to a gov't office to prove one is earning monthly income. And if not, they ask them to leave.
This happens everywhere to a degree, but the market has a way of balancing things out. Think teachers, nurses, and emergency response personnel who provide essential services but don't make big salaries. If they can't afford to live in the community they work in, they can move to a different, more affordable community. And then who is going to take those jobs in Malaga? Say you are a remote worker making a really nice salary, you still need a school to take your kids to so that you can focus on your job. And if you get sick you need nurses at the hospital, and if there is an emergency you want to be able to call the emergency response line. So I don't worry too much because cities eventually figure out they must either provide affordable housing or pay higher salaries to attract workers who are willing to put in a long commute. It is a painful process though as the demographics change.
@@martham1016 I would argue that there is a difference between gradual gentrification caused by local developments and then a rapid spike in prices due to the arrival of foreigners with money :)
@@FriiInfo I live in Miami, Florida USA. I could be wrong but Malaga seems ike Miami to me in a lot of ways. Lots of second homes, lots of foreign investment. If something bad happens in Latin America, the people there will buy up real estate in Miami so fast it will make your head spin. I was a little kid when my family immigrated to the US in 1970 escaping the communist revolution in Cuba. I've seen Miami change a lot in the 53 years since, but one thing that hasn't changed is immigrants still come here with no money and are able to make a good living. How is this possible when Miami is the 10th most expensive city in the US? The main thing is jobs. There are a lot of jobs here, from low paying all the way up. Nevertheless, there are a couple of challenges. One is if you're retired and living on a pension, I hope you paid off your mortgage. The other one is if you want to buy your first home because when the global economy tanked in 2008, new housing starts stopped so there is a housing shortage that will take a few years to resolve. Nevertheless, for the majority of the population the key is jobs. I'm aware there is high unemployment in Spain and I don't quite understand it but it seems to me that is the problem and not the cost of housing nor the location of the job. Hopefully Malaga is suffering a hangover from the global recession followed by the pandemic. I have faith :)
I am a local student here in Malaga and yeah, I can’t rent an apartment at all, only rooms. Very tired of this. I am going to move out of this city once I finish my degree. To hell this city, everything is geared towards tourists. No infrastructure, no new housing for locals, salaries are low as hell. Worst city.
I think it is quite common that students to live in shared housing (worldwide). I did that for many years and enjoyed it! But like you point out, the problems begin once you graduate. Good luck on everything :)
@@FriiInfo I had to live in rooms even when I lived with my mother. We couldn’t afford an apartment so we rented rooms. And I am sharing the flat with other adults, who aren’t students. Renting rooms is so common now, renting an entire apartment is a luxury… I think maybe when I’m 35 or so I’ll be able to afford it. Until then…
Nina, love your videos everyday more and more!!!!
Thank you so much for the support 🙏
You are the most talented amongst the Spain youtubers. Look forward to your future content@@FriiInfo
Thank you :) @@johnsmith-zf1fd
Hey!
currently in progress of moving to spain, thanks for ur videos! Love em!
=)
STAY BLESSED
Glad you liked them! Best of luck in Spain :)
The dark side of success. Housing adapting to the demand of the wealthiest potential buyers while local buyers feel expelled from the best areas, forcing them to pay for overpriced inland properties.
Also let's talk about online platforms to rent a room or any accommodation, especially a well known one starting with Air followed by BnB. They offer so many options and you basically can get the place and the keys without having to talk to the landlord. How many of the options to rent are available through those platforms? Prices are too high for local people and it's only getting worse
Airbnb success is a side effect of how bad the long term rental works for landlords. Basically everything is against them (tenants not paying, not easy to get rid of them, tenants can stay as long as they want, you can not raise prices according to inflation, taxes keep going up). With the new regulations, now is even more complicated than before to get a tenant using a real state agency. It is a crazy scenario and anyone with a brain is either doing Airbnb or renting rooms.
Airbnb is not so much fun either. Competition is fierce, all the money goes between cleaning fees, commisions to the website and of course taxes. But at least you have more legal security and you get paid upfront.
Tenants are always the people who end up paying for the difficulties. Prices go up because you are not only paying for the apartment, but for a non-paying insurance, for a finance background and for a protection against inflation.
The solution is not more laws and rules (this time against Airbnb). Just make it easier (and safer) to rent an apartment long term and people would hapily do it.
Great Topic, just the use of stock videos makes me question if I really look at images of Malaga or something else.
Thank you :) All the videos are either Malaga city or Malaga region :)
I wonder what happens to people who lose their remote jobs. do they lose their visa as well? I am just assuming that the government requires digital nomad visa holders to report their income -- via tax paid -- so if the government sees that there's no income or lower income, they will make DNV holders leave country?
I believe in most cases, they dont have to declare, unless they stay there long enough to be taxed (that is, becoming a tax resident). Also a digital nomad visa allows you to stay for a limited time only (months or years, depends on the country offering it and/or your case).
@@cathymabb2695 Thanks for the insights. Yes, limited from 1 to 3 years for DNV but I am curious if they check income every month -- if one is required to show invoices, account at the bank, etc -- and go to a gov't office to prove one is earning monthly income. And if not, they ask them to leave.
I seriously doubt that they would check income on a month to month basis. Probably only when the VISA is up for renewal
@@FriiInfo The renewal would be a problem then, if there are lapses in income. This question probably requires a lawyer. But thanks for responding.
Nina, you look so happy woman........i wish i was as so happy as you.😢
Well getting to talk about Malaga and Spain makes me happy I guess
@@FriiInfo you look very happy, another thing is if you really are or not, but i'd say that you are
This happens everywhere to a degree, but the market has a way of balancing things out. Think teachers, nurses, and emergency response personnel who provide essential services but don't make big salaries. If they can't afford to live in the community they work in, they can move to a different, more affordable community. And then who is going to take those jobs in Malaga? Say you are a remote worker making a really nice salary, you still need a school to take your kids to so that you can focus on your job. And if you get sick you need nurses at the hospital, and if there is an emergency you want to be able to call the emergency response line. So I don't worry too much because cities eventually figure out they must either provide affordable housing or pay higher salaries to attract workers who are willing to put in a long commute. It is a painful process though as the demographics change.
We can hope that the options will become more balanced, but I am not sure if the market will ensure that.
@@FriiInfo Cities undergo this process - called gentrification - all the time. It happens gradually but surely.
@@martham1016 I would argue that there is a difference between gradual gentrification caused by local developments and then a rapid spike in prices due to the arrival of foreigners with money :)
@@FriiInfo I live in Miami, Florida USA. I could be wrong but Malaga seems ike Miami to me in a lot of ways. Lots of second homes, lots of foreign investment. If something bad happens in Latin America, the people there will buy up real estate in Miami so fast it will make your head spin. I was a little kid when my family immigrated to the US in 1970 escaping the communist revolution in Cuba. I've seen Miami change a lot in the 53 years since, but one thing that hasn't changed is immigrants still come here with no money and are able to make a good living. How is this possible when Miami is the 10th most expensive city in the US? The main thing is jobs. There are a lot of jobs here, from low paying all the way up. Nevertheless, there are a couple of challenges. One is if you're retired and living on a pension, I hope you paid off your mortgage. The other one is if you want to buy your first home because when the global economy tanked in 2008, new housing starts stopped so there is a housing shortage that will take a few years to resolve. Nevertheless, for the majority of the population the key is jobs. I'm aware there is high unemployment in Spain and I don't quite understand it but it seems to me that is the problem and not the cost of housing nor the location of the job. Hopefully Malaga is suffering a hangover from the global recession followed by the pandemic. I have faith :)