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Of course it's an investment; always has been. Living space doesn't grow on trees (in Europe at least), and is extremely expensive to create and maintain. The
by tannhaeuser 10y ago
Of course it's an investment; always has been.
Living space doesn't grow on trees (in Europe at least), and is extremely expensive to create and maintain. The quarters seeing "gentrification" (with their social status-indicating details such as stucko) were always attracting a bourgoise elite (its why they exist in the first place).
It's all a question to make economy work for the people. Saying goodbye to reality does no one good.
- izacus 10y agoBut noone is saying you should say goodbye to reality. But precisely BECAUSE it doesn't grow on trees, the cities shouldn't optimize for maximum investment value of real estate, but they should optimize for maximum living space and quality of life potential for their citizens. Empty apartments in city center used as a dumping ground for money are of no use to anyone but a select rich few individuals.
- kuschku 10y agoBut it shouldn’t be an investment. And you really shouldn’t expect to do that – you likely won’t make a profit in Germany. The only ones who can reasonably invest in rental space are housing cooperatives, which control the majority of the market.