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70% of Germans rent. Any increase in rents is broadly felt, especially compared to America, where most political power in most cities resides with homeowners (~
by kitten_mittens_ 8y ago
70% of Germans rent. Any increase in rents is broadly felt, especially compared to America, where most political power in most cities resides with homeowners (~63% of the population).
https://www.bloomberg.com/news/articles/2019-04-13/berlin-housing-backlash-spurs-drive-to-nationalize-real-estate https://www.bloomberg.com/news/articles/2019-04-13/berlin-ho...
- sokoloff 8y agoIncreases in rent are driven more by people wanting to rent in a given area (typically driven by jobs) than by an owner or landlord selling a house to a different landlord. Rental demand is much more variable over time than the change in supply from marginal landlords buying existing properties.
- bubblewrap 8y agoIf prices are rising, people are crying because they are not home owners. If they are falling, people are crying because they are homeowners. Weren't a lot of people in the US screwed when the last housing bubble burst (2008)?