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Even more building were rotting before Portugal liberalized the market, because nobody would or could pay for renovations.

The truth is that real estate is merely a reflection of wealth. Some of that wealth is earned by hard work that others are not willing to put in while other wealth is just inherited and some people work hard and smart and still stay relatively poor.

Therefore we shouldn‘t judge so easily based on what someone has and go back to asking how it came about.



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