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From the outside, this sounds scary. But if you look closer how germany works, forced selling to the state or city (at the current market price) is quite often
by ng55QPSK 5y ago
From the outside, this sounds scary. But if you look closer how germany works, forced selling to the state or city (at the current market price) is quite often happening in building infrastructure like streets, autobahn, railways or airports. If there is an overwhelming public interest, the rights of owners can be limited.
And btw: it's stated in the constitution, that ownership introduces also responsibility to the society.
- JumpCrisscross 5y ago> If there is an overwhelming public interest, the rights of owners can be limited Eminent domain exists everywhere. Berlin’s politics are more extreme than the norm. Most homeowners would pay a low single-digit percent of their home value to insure against expropriation in that environment. Taking a property off the rental market is analogous; sacrificing a cash flow to safeguard the investment. We can go back and forth on theory all day. I’m m reflecting what people I know are doing. Being flippant with (or even demonising) owners’ interests circles back into affordability crises worldwide, from Berlin to San Francisco.