Article misses the hyperinflation of the 20s and the capital markets in the 50s. By the time the cold war made it apparent that 20s style economy destroying re

Article misses the hyperinflation of the 20s and the capital markets in the 50s. By the time the cold war made it apparent that 20s style economy destroying reparations would not be paid, renting was already baked into the cake. Residential real estate is non-productive and post WW2 Germany had not use for a capital drain if anything they needed capital along the lines of the Marshall Plan so its not like anyone was interested in wasting capital in a modern USA style housing bubble.