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A comment on Berlin buys thousands of apartments from corporate landlords. Parent comment

Re:Berlin buys thousands of apartments from corporate landlords by foepys on Saturday September 18, 2021 @09:53AM (#28576274)
If you factor that in, it's ~38,000€/apartment, you got an extra 0 mixed in somewhere. Those debts should've never existed in the first place. It's public housing, it should not make profits and rather break even.

Nowadays the investor makes huge profits despite the 60 year rental agreements the state negotiated for the renters and the required 12.50€/m² per year improvements. How was the state unable to break even? It's a mystery.

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Re:Berlin buys thousands of apartments from corporate landlords by est31 on Saturday September 18, 2021 @10:11AM (#28576422)
Oh right, my bad, it's been 38k per apt. I've edited the comment. Indeed that's very cheap. As for debt never existing, it's pretty common to leverage in the real estate world.
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