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Luxembourg: Skyrocketing Housing Prices

This is scary, especially when Saskia Sassen talks about the problem like this.

It concerns me that the housing prices in Luxembourg have sharply increased over the last five years. One decent apartment (100m2) costs €1 million in our neighborhood (near the station), which is unaffordable for many people.

This is a worrying situation since we do not have the right to vote here, as “the Grand Duchy has the largest share of disenfranchised adults of ‘any of the developed democracies’ due to its high proportion of foreign residents who are barred from voting.”

This concerns us in the pro-business Trump/Macron era, without open and informed scrutiny.

I believe that our current government has done well, promoting human development, although Luxembourg has room for improvement. I hope you will vote wisely tomorrow!

“Housing prices are skyrocketing in cities worldwide. Longtime residents are pushed out. Not even nurses, policemen and firefighters can afford to live in the cities that they are supposed to protect. This is not gentrification, it’s a different kind of monster: Housing as a financial asset, a place to park money. PUSH is a new documentary from award-winning director Fredrik Gertten, investigating why we can’t afford to live in our own cities anymore. Housing is a fundamental human right, a precondition to a safe and healthy life. But in cities all around the world having a place to live is becoming more and more difficult. Who are the players and what are the factors that make housing one of today’s most pressing world issues?”

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