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Yes it's nice for current tenants. Some times their rent is so low that they rather leave the apartment empty for a whole year and go vacation instead of giving
by msoad 3y ago
Yes it's nice for current tenants. Some times their rent is so low that they rather leave the apartment empty for a whole year and go vacation instead of giving up the contract. However, it's not so nice if you don't have an apartment to rent. Almost nobody wants to move out of their sweet deal. People (at least in Berlin) will stay in the contract even if they have bought a new home. They just sublease it to a friend at that lower rate plus some profit even.
I'm not free market absolutist but living in Berlin has shown me too much tenant protection can end up hurting actual home seekers.
- FirmwareBurner 3y ago>I'm not free market absolutist but living in Berlin has shown me too much tenant protection can end up hurting actual home seekers. Pretty much. It limits mobility a lot while creating a neo-feudal gentry who lucked out on market timing/conditions and get to exploit it for their benefits and the expense of others.
- caditinpiscinam 3y ago> neo-feudal gentry who lucked out on market timing/conditions and get to exploit it for their benefits and the expense of others You're saying this about the tenants? Not the landlords?
- sumuyuda 3y agoIt’s not the tenant protections that cause the problems, but rent price inequality(old contracts vs new contracts) due to the landlord increasing the price when the previous tenant leaves. Especially in Berlin many landlords charge illegally high rents. If this equality didn’t exist, people wouldn’t hold on to flats like they do.
- msoad 3y agoIn other words regulations (the allowed rent increases) mismatches the reality (real inflation) which is causing this weird marketplace