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Berlin Freezes Rents for 5 Years in a Bid to Slow Gentrification
BERLIN -- Berlin is freezing the rents of 1.5 million apartments for the next five years starting this Sunday in a controversial move to control the exploding costs that have forced many to move outside Germany's capital city.
There's no point in doing that. The correct thing to do would be to freeze property taxes. Whats the point in telling the poor working man you don't have to see me for 6 months.
I remember when I moved out of my rental apt and bought my co-op apt my LL was heartbroken, he actually called me to ask me why I was moving.
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"The man who sleeps on the floor, can never fall out of bed." -Martin Lawrence
There's no point in doing that. The correct thing to do would be to freeze property taxes. Whats the point in telling the poor working man you don't have to see me for 6 months.
I remember when I moved out of my rental apt and bought my co-op apt my LL was heartbroken, he actually called me to ask me why I was moving.
The following is only my opinion:
Excellent observation.
In all fairness if rents are frozen so should rising property taxes on the home owners renting the property.
With the new rent stabilization rules that started last year, rent for stabilized apartments can no longer go up to the "legal" rent, but rather only last years actual rent plus whatever % the rent board increases rent by, which you know will be ZERO this year and likely next.
That in addition to the many people who will likely leave the city after we get back to normal. Rent may actually go DOWN!
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