LAB has refused to provide collateral for the purchase of housing and said it is "throwing gas into the fire" of prices

LAB  has rejected the decreeadopted this Tuesday by the Basque Government, which includes, among other things, a line of guarantees for young people  to buy their first home. In its view, this measure is to "gas the fire" in the face of high housing prices and has condemned the"public aid sewing" by the bank\ u00A0 and the construction company.

LAB concentrated this Tuesday in front of the PNV headquarters in Bilbao to demand the withdrawal of this decree under the slogan "PNV-PSE, hau ez da bidea! No to the transfer of public money to private hands".

LAB's Social Action Manager, Endika Perez, has denounced that PNV and PSE have preferred to continue "feeding the market"by proposing "measures that benefit the interests of construction companies rather than addressing the root of the problem."

"It's throwing more gasoline into the fire," he says, denouncing that this way "the price of housing is pushed upwards," that "the profits of banks will continue to grow," at the cost of mortgaging workers. 

In his view, this measureviolatesthe Housing Act , which states that "public resources must be allocated to social rent or housing rehabilitation".

LAB spokesman has pointed out that the model needs to be changed by "limiting the possibility of doing business with housing." To this end, they consider it "urgent" to take measures to lower housing prices, as well as to "prioritize social rent" by "mobilizing the public park."

In this regard, he recalled that there are 100,000 people registered with Etxebide, 85% of whom are applying for rental housing, "most of whom only receive a subsidy, from tenants, from real estate employers", he added.

Pérez believes that theentire ACV   should be declared a tense area and move from a model of rent payment support in the private market to a social rental offer.