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Sold City Collection

Sold City shows how the real estate boom in Germany came about, how those affected experience it and how we can defend ourselves.

Sold City - Teil 1: „Eigentum statt Menschenrecht“
Sold City - Teil 1: „Eigentum statt Menschenrecht“

Sold City - Teil 1: „Eigentum statt Menschenrecht“

The first part, "Property Instead of Human Rights," deals with the system of converting housing into corporate property. Banks, funds, and international investment capital have been pushing into cities for many years. Hardly any tenant is safe from having their apartment sold. When it comes to making money, they are the only ones who get in the way. Politicians seem to have completely abandoned their duty to provide for their citizens, and social housing construction has been dwindling for decades in favor of private investors, despite billions in subsidies. What is the situation in other large cities such as London or Vienna, which are also surrounded by investor capital?
Sold City - Teil 2:  „Enteignung statt Miete für die Rendite“
Sold City - Teil 2:  „Enteignung statt Miete für die Rendite“

Sold City - Teil 2: „Enteignung statt Miete für die Rendite“

The second part, "Expropriation instead of rent for profit," focuses on large housing corporations that use rent primarily to finance shareholder dividends. The "Deutsche Wohnen & Co" citizens' initiative has been calling for the expropriation of large housing corporations for years. In London, the situation for tenants is even more problematic. Vienna provides the counterexample: here, private investors must build two-thirds of their projects as subsidized apartments in which tenants are allowed to live for the rest of their lives. The article also looks at highly capitalist Singapore, where land is a particularly limited commodity. When a lot of "free capital" circulates above the land, land prices explode, as happened in the wake of the financial crisis. But thanks to a land expropriation law, 86% of Singapore's population lives in municipal housing.