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| Topic | Berlin residents vote to nationalise mega-landlords |
| s0nicfan 09/27/21 3:18:18 PM #25: | teep_ posted... How so? It's not like the properties themselves will magically cease to exist What exactly do you think will happen when a hundred thousand properties are put on the market the same time? And no, that's not an exaggeration. According to the article, just one of the management companies holds 113,000 properties, which would mean they would have to dump 110,000 of them to avoid having them seized by the state at a significant loss. When that happens, regular property owners around those properties will also see the value of their homes collapse, creating a ripple effect where everyone who owns property ends up deeply underwater and perpetually in debt, which significantly reduces the number of buyers as people become trapped in whatever property they're in now. Now you're in a situation where homeowners all across the city end up in a house worth tens of thousands hundreds of thousands less than their mortgage. --- "History Is Much Like An Endless Waltz. The Three Beats Of War, Peace And Revolution Continue On Forever." - Gundam Wing: Endless Waltz ... Copied to Clipboard! |
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