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> spending public money on overpriced real estate What gave you that idea? The transaction is explicitly budget neutral, this is entirely financed by loans tha
by abliefern 5y ago
> spending public money on overpriced real estate
What gave you that idea? The transaction is explicitly budget neutral, this is entirely financed by loans that will be covered by rental income.
- axiosgunnar 5y agoWho carries the risk if rental income dries up? Exactly, the tax payer.
- ivan_gammel 5y agoIf rental income dries up in rent-controlled properties in Berlin, this will be a sign of such an enormous macroeconomic shift, that losses from this deal will be insignificant compared to everything else. Seriously, this is unrealistic scenario.
- axiosgunnar 5y agoOk, I see your point.