A lot of hyper-ventilating in this piece, but it's just nonsense to claim that rent control in Berlin is a "disaster." Most rents have fallen! Flats are cheaper to buy "because real estate loses value if its future cash flows to landlords are capped." That's a feature, not a bug! https://t.co/bdx2wEWIY1
— David Madden (@davidjmadden) March 2, 2021
Absolutely. And it’s weird to read some rich dude hyperventilate about real estate prices being forced to reasonable levels in a city where he doesn’t even live.
Guess he’s afraid it’ll happen in the US, too. As it should.