698969
Joined 3 years ago
Joined 3 years ago
This sort of nationalisation has never been to trial.
They don't care about the elasticity of the market, or the demand from people who would want to live in Berlin in the future.
They already have an apartment, and at pretty low prices because nearly everything built before 2014 is subject to rent control,
I'd guess most people just voted for it because in their eyes "government promised to take apartment from my landlord and lower my rent even more".
Their yearly profits are capped because of the Mietpreisbremse (rent control) law since all the old buildings that they bought would fall under it, so it would've been better to put the money towards either building new state-owned housing or helping the tenants enforce their rights.
The laws are there to protect tenants against neglect from the landlord but enforcement takes multiple months which is not a reasonable timeline if you have a problem in your apartment and the consequences for landlord are mostly just reducing the rent for that time by a certain percentage which doesn't make a difference if the rents are already cheap because of the Mietpreisbremse, so it would also be good to introduce fines but not sure if Germany's legal framework allows for that.
this reddit thread has excerpts from the report and some comments explaining why the comparison was fraught
https://www.reddit.com/r/fuckcars/comments/1v1qiz0/waymo_has...
localStorage.setItem('vcsky.haveOriginalGame', "true")
I haven't checked further than the third mission
It says the compensation is determined as a balance of public good and the interests of those affected, so to me it does read like the compensation can be lower than market value so it'd all come down the courts to determine how much below the market value the state can get away with.