Re:I need to find an apartment
by JumpCrisscross on Sunday April 10, 2022 @02:01PM
(#30979779)
> If there is an overwhelming public interest, the rights of owners can be limited
Eminent domain exists everywhere. Berlin’s politics are more extreme than the norm. Most homeowners would pay a low single-digit percent of their home value to insure against expropriation in that environment. Taking a property off the rental market is analogous; sacrificing a cash flow to safeguard the investment.
We can go back and forth on theory all day. I’m m reflecting what people I know are doing. Being flippant with (or even demonising) owners’ interests circles back into affordability crises worldwide, from Berlin to San Francisco.
Eminent domain exists everywhere. Berlin’s politics are more extreme than the norm. Most homeowners would pay a low single-digit percent of their home value to insure against expropriation in that environment. Taking a property off the rental market is analogous; sacrificing a cash flow to safeguard the investment.
We can go back and forth on theory all day. I’m m reflecting what people I know are doing. Being flippant with (or even demonising) owners’ interests circles back into affordability crises worldwide, from Berlin to San Francisco.