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Berlin becomes first German city to make rent cap a reality
http://www.x404.co.uk/forum/viewtopic.php?f=19&t=23807		 Page 1 of 1
Author:  pcernie [ Tue Jun 02, 2015 8:46 pm ]
Post subject:  Berlin becomes first German city to make rent cap a reality
Berlin becomes first German city to make rent cap a reality | World news | The Guardian
http://www.theguardian.com/world/2015/j ... in-germany

It's a serious issue but that article goes Private Eye piss-take in places.
Author:  big_D [ Wed Jun 03, 2015 3:58 am ]
Post subject:  Re: Berlin becomes first German city to make rent cap a reality
pcernie wrote:
Berlin becomes first German city to make rent cap a reality | World news | The Guardian
http://www.theguardian.com/world/2015/j ... in-germany

It's a serious issue but that article goes Private Eye piss-take in places.

Mr. A said that his flat in Mayfair is expensive, when he shared a flat in Brixton with 4 other people ten years ago, he could pay for his rent by working one shift...

Most areas already have an unofficial M² price for rents. But there are no guarantees that that cannot rise steeply. This is a good move.
Author:  Spreadie [ Wed Jun 03, 2015 8:38 am ]
Post subject:  Re: Berlin becomes first German city to make rent cap a reality
Quote:
landlords in the capital will be barred from increasing rents by more than 10% above the local average

So, everyone starts charging exactly 10% above the stated local average and then that soon becomes the local average, rinse and repeat ad nauseam.
Author:  big_D [ Wed Jun 03, 2015 1:39 pm ]
Post subject:  Re: Berlin becomes first German city to make rent cap a reality
Spreadie wrote:
Quote:
landlords in the capital will be barred from increasing rents by more than 10% above the local average

So, everyone starts charging exactly 10% above the stated local average and then that soon becomes the local average, rinse and repeat ad nauseam.

Not quite, they can't up existing rents mid-term. So they can only go up 10% at the end of the term.
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