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Berlin's Real Estate Market: Socialism On The Rise
['Tyler Durden']
ZeroHedge News
The latest push by Berlin’s SPD for stricter real estate regulation clearly signals the direction ahead: Parties at the brink are choosing state-controlled economics over a market-driven turnaround.
Like a magnifying glass, Berlin’s state politics reveal the broader response patterns of German politics to current social and economic challenges.
The city’s real estate market now demonstrates trends likely to define the political character of the years to come.
At its core, this policy is likely to further damage an already pressured real estate market, at least in Berlin’s current conditions.
Rising taxes and contributions systematically disperse reform pressure on migration, welfare, or economic regulation.