> Everyone renting [...] from huge housing companies? In cities like Munich, where the real estate is extremly valuable, definitely. The increase in inheritanc

> Everyone renting [...] from huge housing companies? In cities like Munich, where the real estate is extremly valuable, definitely. The increase in inheritance tax you mentioned makes it very unattractive to not just sell the house to the highest bidder immediately, which in most cases will be one of the large housing companies. For small tenements, it's very challenging to generate enough rental income to offset the inheritance tax in a single lifetime, especially if the new owners want to keep rents low.