Re:Berlin rent cap overturned by Germany's top court
by llampx on Thursday April 15, 2021 @05:49AM
(#26818324)
There are millions of chinese and other people who want safe investment vehicles. If the government does nothing, land and housing in a big capital can easily be usurped by investors who then take massive tax breaks.
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Re:Berlin rent cap overturned by Germany's top court
by CryptoPunk on Thursday April 15, 2021 @07:15AM
(#26818973)
Investors will profit most by renting out their property. Allowing the profit motive to work to increase supply is an effective way to reduce the price consumers pay in every industry, including the rental market.
Profit is just an emergent form of social compensation for addressing a shortage. That society enacts laws to prevent the profit motive from working, and incentivizing socially beneficial behavior, is a tragedy.