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.
Watch the official Sold City - Teil 2: „Enteignung statt Miete für die Rendite“ 2024 trailer in HD below.
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