Re:Berlin rent cap overturned by Germany's top court
by southerntofu on Thursday April 15, 2021 @05:13AM
(#26818033)
A rent cap is a clear sign that the capitalist system is broken and we need a better system to match the housing needs and supply without feeding into heartless vampires who'd rather have empty apartments than rent them at a reasonable price.
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Re:Berlin rent cap overturned by Germany's top court
by EdwinLarkin on Thursday April 15, 2021 @05:21AM
(#26818115)
Quite the opposite actually.Increase capitalism and reduce government control and you get more housing.
Re:Berlin rent cap overturned by Germany's top court
by southerntofu on Thursday April 15, 2021 @05:38AM
(#26818244)
Yes, as we can see from the very great examples of where this approach worked perfectly. Now every one is perfectly housed in decent conditions and for cheap in United States or South Korea. We all know the dozens of thousands of homeless folks in San Francisco and around really want to live in slums or on the streets, and their situation has nothing to do with speculation, gentrification and AirBNB. /s
Re:Berlin rent cap overturned by Germany's top court
by EdwinLarkin on Thursday April 15, 2021 @05:50AM
(#26818331)
Are you South Korean? What do you know about South Korea's real estate?
Either way I would say housing in Japan (considering all the constraints) seems to work great.
Re:Berlin rent cap overturned by Germany's top court
by southerntofu on Thursday April 15, 2021 @06:43AM
(#26818735)
> Are you South Korean? What do you know about South Korea's real estate?
No. Very little. Just read articles over the years saying they are facing similar issues of real-estate bubble and speculation and that prices in Seoul are getting close to those of New York.
Re:Berlin rent cap overturned by Germany's top court
by llampx on Thursday April 15, 2021 @06:44AM
(#26818738)
And what does that have to do with the price of tea in China?
Re:Berlin rent cap overturned by Germany's top court
by crumbshot on Thursday April 15, 2021 @05:38AM
(#26818242)
That's not how it turned out in the UK. As this graph illustrates, when the local government authorities were prohibited from building more housing, from the 1980s onwards, the private sector didn't pick up any of the slack: https://i.stack.imgur.com/MmJ5N.png
The capitalists instead decided to optimize for steadily increasing the price of housing by restricting supply, so these are now primarily seen as an investment with nearly-guaranteed returns, rather than places for people to live.
Re:Berlin rent cap overturned by Germany's top court
by southerntofu on Thursday April 15, 2021 @05:41AM
(#26818260)
Another piece of data, from the Netherlands, where office space vacancy has significantly increased since making squatting illegal back in 2010: https://en.squat.net/2016/05/27/netherlands-housing-crisis/
Re:Berlin rent cap overturned by Germany's top court
by UncleSlacky on Thursday April 15, 2021 @06:20AM
(#26818553)
> an investment with nearly-guaranteed returns, rather than places for people to live.
Or "magic coin-shitting machines", as Charlie Brooker so pithily put it.