Real estate What history teaches us about (supposed) concrete gold

Real estate What history teaches us about (supposed) concrete gold

Real estate What history teaches us about (supposed) concrete gold

The right to own home is currently shaky. After a referendum in Berlin, the Senate could expropriate large landlords. The activists who pushed through the vote justify this with the sharp rise in rents in the capital. However, expropriations do not create additional living space. Instead, taxpayers should pay for existing apartments.

There was state intervention as early as 1926 when “Der Volkswirt”, the predecessor of WirtschaftsWoche, was founded. At that time, the government of the Weimar Republic levied a house interest tax, which the owners charged their tenants. The tax made housing more expensive and widened the social gap between rich and poor. Soon there was not much left of the golden twenties.