The Enduring Legacy of Berlin’s Rent Cap
This month, Berlin’s rent cap was overturned by Germany’s constitutional court, leaving tenants facing millions in back payments – but the idea remains a popular solution to the growing urban housing crisis.
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Ruairi Casey is a freelance journalist with bylines in Reuters, the LA Times, and Vice.
This month, Berlin’s rent cap was overturned by Germany’s constitutional court, leaving tenants facing millions in back payments – but the idea remains a popular solution to the growing urban housing crisis.
Before the pandemic, private equity had amassed $2.5 trillion – more than the GDP of Italy – in ‘dry powder,’ waiting for distressed assets to plunder. Covid-19 provided them with the perfect opportunity.