German ‘rent insanity’ sparks mass tenant protests, expropriation action | WHAT REALLY HAPPENED


German ‘rent insanity’ sparks mass tenant protests, expropriation action

Germans in large cities are protesting on Saturday against what they see as the unfair influence of large landlords on the housing market. They want the biggest players undercut and their property expropriated.

In past years, German people living in larger cities saw a wave of gentrification and rising rent levels. Some of the tenants couldn’t keep up and had to move out, while others had to leave when owners of their homes decided to tear them down and build new, more expensive property, which could generate more profits.

The situation in Berlin was among the most acute, with rent doubling over a decade. Some attempts by the authorities to rein in the growth, like the so-called rent-break in 2015, were underwhelming.

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