Re:Berlin buys thousands of apartments from corporate landlords
by javajosh on Saturday September 18, 2021 @01:05PM
(#28577668)
Perhaps you missed the word "commercial" - which means renting to businesses, rather than individuals. Covid has increased WFH a lot and many small businesses are going virtual, and even larger businesses are scaling back their physical offices. This has the net effect of driving down demand for office space.
Re:Berlin buys thousands of apartments from corporate landlords
by shkkmo on Saturday September 18, 2021 @03:27PM
(#28578572)
It's a bit confusing since you discuss commercial properties between two paragraphs discussing housing rentals. It isn't specifically clear that your comment about low demand only applies to commercial properties.
This needs more context.
Around here, it's nigh impossible to get a place. Social housing has waiting lists for over a decade, private renting is more expensive than a mortgage, and buying a house requires you to overbid. There are (plenty) stories of folks overbidding 50k€ and still not getting the house.
If you can afford to buy a house, buy it, divide into subunits, charge 80% of mortgage to each of the 5 subunits.
Anyway, that's what tge housing market looks like here. So I'm guessing your experience is from elsewhere.