Comment by IncreasePosts
Comment by IncreasePosts 12 hours ago
Maybe Malta is just too small of a world for that magic toggle, since entrenched interests can basically just prevent the government from approving certain strategies, like building more large buildings with apartments like the Mercury Tower. But on the global stage, not even the biggest player(US) can dictate what China, India, the EU does, so if the US self-limits because of entrenched interests, that's just more juice for the squeeze for other players not aligned with the US.
Its definitely mostly entrenched interests that are the issue.
Funny you mention mercury tower. Thats a rich person's idea of what good housing is... which is way over the price any middle or even upper class person can afford. It isn't affordable housing, it's a parking lot for excess liquidity.
For what its worth it's the raising of property height limits that helped kick off a lot of the construction boom. One could argue the situation was better when the restrictions were bigger.