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edblarney | 9 years ago
It's a costly subsidization, taxpayers are definitely subsidizing it.
'Gentrification' and 'higher rents' are not necessarily the same thing.
Berlin is becoming more prosperous - that's a good thing, it's what we all want.
But it means there's going to be a shifting of neighbourhoods here and there.
Particularly, the most accessible properties will be in most demand.
I don't think Berlin has the same problem as the Valley with vastly disproportionate incomes, or Toronto with massive influence of foreign dollars and large numbers of newcomers + low interest rates.
I stayed in Berlin for a while, and I can assure you there are tons of fairly inexpensive places to live - they just aren't in the most choice neighbourhoods.
If there were truly a dirth of affordable places in the area, then there might be cause for concern ...
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