A especulação imobiliária não existe

The article argues that real estate speculation, as commonly portrayed, does not exist. It critiques the narrative blaming external factors for housing crises, emphasizing that the real issue lies in insufficient construction and bureaucratic hurdles. The author highlights that high taxes on construction contribute significantly to housing costs, with a large portion of home prices going to the government. Over the past decade, local and central governments have profited immensely from the housing crisis, while families struggle with rising costs. The piece concludes that the real beneficiaries of the situation are the governments, not the property developers or foreign investors.