4 ms·
Berlin has a lot of vacant or underutilized housing stock compared to other cities. I expect we'll see gentrification like we've seen in NYC, but not SF, or V
by gerbal 12y ago
Berlin has a lot of vacant or underutilized housing stock compared to other cities.
I expect we'll see gentrification like we've seen in NYC, but not SF, or Vancouver style housing booms. I.e. neighborhoods get popular and get expensive, driving the poor, aspirational types to cheaper neighborhoods.
- sneak 12y ago> Berlin has a lot of vacant or underutilized housing stock compared to other cities. It's diminishing rapidly, however, I'm still typing this from 1600 square feet at what is the exact Berlin analog of 24th and Mission—for which I pay a completely mindbendingly outrageous-to-Berliners $2100 each month. In four years it will be twice that, as it has doubled in the last four years. However, much can be built and done in that time.
- patrickk 12y ago> However, much can be built and done in that time. Rent caps are one thing that is changing, also the real estate agent's fee must now be paid by the landlord (which is a great idea, why the tenant has to pay it seems crazy to me). http://www.theguardian.com/world/2014/sep/23/germany-imposes-rent-caps-inner-city-properties http://www.theguardian.com/world/2014/sep/23/germany-imposes...
- sneak 12y agoThe tenant will still pay, just in the form of increased rent. Costs pass through to prices. Landlords don't own property to lose money.