International To Fight Rising Rents, Berlin Considers Expropriating All Landlords With More Than 3000 Apt. Units

Discussion in 'The War Room' started by Arkain2K, Apr 2, 2019.

  1. Arkain2K

    Arkain2K Si vis pacem, para bellum

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    Berlin’s fight for expropriation of 200,000 homes
    by Lukas Hermsmeier | April 2, 2019

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    In early March, Germany’s largest tabloid, Bild, proclaimed: “A specter is haunting Germany, the specter of expropriation.”

    The exaggeration-prone paper was not entirely wrong: In recent months, few topics have been as fiercely debated in Germany as the question of property seizures. The catalyst? A Berlin-based initiative aiming to seize 200,000 homes from the city’s biggest landlords and turn them into social housing.

    If everything goes according to plan, Berlin will hold a referendum next year that could potentially force the government into carrying out these historic expropriations. The “expropriate Deutsche Wohnen and Co” proposal specifically names the city’s largest private-property owner, Deutsche Wohnen, but it has all major landlords in its sights as well.

    And while activists see an unprecedented chance of winning their city back from the clutches of finance capital, conservative and liberal commentators, politicians, and investors warn against the return of German Democratic Republic–style state socialism. The ratings agency Moody’s has already threatened to downgrade Berlin’s credit status should the expropriation proposal become policy.

    Pundits have reacted with shock that the question is even on the table; Frank Plasberg, host of one of the most popular German political TV shows, interrupted a discussion on the issue during a mid-March program to observe: “We have been talking, and I wouldn’t have thought that this is possible at all, for 11 minutes now about the expropriation of a corporation in Germany.”

    The host, it seemed, could not quite believe that a topic he’d chosen himself was being taken quite so seriously. And that’s the most remarkable thing about this initiative. In most other Western capitals, such a proposal would be considered as the naive idea of radical leftists. In Berlin, famous for its protest culture and shaped by its historical ruptures, the campaign has been popular.

    The biggest contributor to Berlin’s hyper-gentrification has been the city’s own policies. Not long after the wall came down, the city senate started privatizing major parts of their public infrastructure. In 1997, Berlin sold half of its electricity utilities. Two years later, the same thing happened with its water. The biggest, and perhaps most ill-conceived real estate deal took place in 2004, when the city flogged off 65,000 units for the obscenely cheap price of €405 million and offloaded a sizable amount of municipal debt to private investors. All in all, each apartment was sold for only around €30,000. The majority of these very homes are now owned by Deutsche Wohnen. In total, Berlin sold 200,000 units between 1989 and 2004.

    The swath of privatization was enabled in part by supposedly left-wing parties in the city’s leadership. Since 1989, the Social Democrats have been present in every Senate, thrice building a coalition with the Left Party.


    Read the rest of this fascinating story at:
    https://mondediplo.com/outsidein/berlin-expropriation
     
    Last edited: Dec 26, 2019
  2. EL CORINTHIAN

    EL CORINTHIAN Black Belt

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    *facepalm*
     
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  3. dfoster

    dfoster Double Yellow Card Double Yellow Card

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    from landlords to landowners.... the Revolution is back!
     
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  4. DIDM

    DIDM Honk Honk Double Yellow Card

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    You are too successful, fuck you


    Places that playcate to special interest groups, lose their brains to other countries that aren’t retarded
     
  5. cincymma79

    cincymma79 Gold Belt

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    We should be grateful it isn't the jews this time at least
     
  6. JDragon

    JDragon #StayTheFuckHome Platinum Member

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    Berlin is a very dynamic city. Lots of start-ups, rich cultural scene, high share of immigrants, stuff like this, lots of crime by German standards, lots of hipsters, gentrification, and so on. Housing prices and rents have gone up with a CAGR of about 8% over the past 10 years. This attracts speculation and companies who buy, modernize / luxurize, and drive out the original population.

    Therefore it is hardly surprising that there is some kind of backlash. IMO it is a bad (no)solution to a real problem.
     
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  7. Orgasmo

    Orgasmo Silver Belt

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    There are people that owns 3,000 apartment units? WTF?
     
  8. Tobacco

    Tobacco --------------------------------------------------

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    Seems like a logical thing to do. Except 3,000 feels too high. Would think something like 10 or 15 would be appropriate.
     
  9. method115

    method115 Titanium Belt

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    Germany going full circle again.
     
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  10. MikeMcMann

    MikeMcMann Double Yellow Card Double Yellow Card

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    landlords are landowners.

    just because someone suggests something radical does not mean it would be supported by many or the main stream.

    if you can justify this type of asset grab from the wealthy by a vote by the masses then I would think any confiscation could be justified. I doubt that flies. Wish I could read the full article behind the pay wall but the URL is resting the usual 'outline' view for paywall articles.
     
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  11. Whippy McGee

    Whippy McGee Meme Master

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    ^^^^ Welcome to Authoritarianism. Brought to you by... The Left.

    Because when you don't need success, call The Left and they will help you destroy wealth, success, and the standard of living.
     
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  12. HockeyBjj

    HockeyBjj Putting on the foil

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    Not all that different to people who own hundreds or thousands of grocery stores

    Walmart. Meijer. Kroger. Aldi

    Renting is a business and they're business owners is all.
     
    Last edited: Apr 2, 2019
  13. dfoster

    dfoster Double Yellow Card Double Yellow Card

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    You missed it. It was a word play referring to the last revolution that targeted landowners
     
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  14. SpartanKhmy

    SpartanKhmy Purple Belt

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    Are they gonna kick out the 3000 tenants and give free housing to poor people? Shitty site won't let me read full article. Someone cliff me pls...
     
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  15. ICHEERTHEBULL

    ICHEERTHEBULL Brown Belt

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    Wont happen but I’m not against the idea. Maybe fines like what are being proposed is baracalona would be more workable
     
  16. ICHEERTHEBULL

    ICHEERTHEBULL Brown Belt

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    I imagine the people being targeted are the speculatiors who buy property and leave it empty, it’s rampant in Europe.
     
  17. cincymma79

    cincymma79 Gold Belt

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    I owned four homes at one point. The goal was to move into apartments. You can get a ten unit building fairly easily. Once you have one you can get another. Wouldn’t take long to get to 100 if jay was your goal. Throw a generation or two at it and yeah I can see that number being possible.
     
  18. Tobacco

    Tobacco --------------------------------------------------

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    Wow, that escalated quickly.

    There's tons measures to control the residential property market from getting too out of hand. Rent controls, foreign buyers taxes and so forth.

    There's a great many other places people could invest their money for return than their upteenth residential properties which won't have such a detrimental impact to disposable income.
     
  19. MikeMcMann

    MikeMcMann Double Yellow Card Double Yellow Card

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    I would say that perhaps it went over my head but that simply cannot be true. It must have been your fault somehow because

    [​IMG]
     
  20. Tobacco

    Tobacco --------------------------------------------------

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    Yeah, Barcelona has had a problem with people not being able to afford to live there because some property owners have used AirBnB for their units thus kicking out residents.
     

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