If you factor that in, it's ~38,000€/apartment, you got an extra 0 mixed in somewhere. Those debts should've never existed in the first place. It's public housi

If you factor that in, it's ~38,000€/apartment, you got an extra 0 mixed in somewhere. Those debts should've never existed in the first place. It's public housing, it should not make profits and rather break even. Nowadays the investor makes huge profits despite the 60 year rental agreements the state negotiated for the renters and the required 12.50€/m² per year improvements. How was the state unable to break even? It's a mystery.