Politics · Germany · 4 hrs ago

Dobrindt plans strict rules for taking large housing portfolios into public ownership

Dobrindt plans strict rules for taking large housing portfolios into public ownership

German Interior Minister Alexander Dobrindt plans a law to make taking private housing into public ownership harder.

The proposal comes as Berlin’s Linke, Green and Social Democratic parties plan to target private companies with more than 10,000 homes.

They expect compensation to cost 16 billion euros, a sum that Bild says experts believe could be below the homes’ market value.

Under Dobrindt’s plan, a government would have to show that public investment and support for new housing had been fully tried and that no other option remained.

Any compensation would have to be paid in cash at market value, assessed by an expert.

The rules could sharply limit Berlin’s plans, and the federal government intends to present the bill before Berlin’s government is formed.

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Alexander DobrindtGerman interior minister
We will make clear in an investment protection law that arbitrary left-wing socialisation fetish is incompatible with the Basic Law.
via t-online