zlacker

>>halduj+(OP)
It's almost like cities (or more specifically, voters in municipal elections) don't realize that the only sustainable way to reduce prices is by increasing supply: http://www.amazon.com/TheRent-Too-Damn-High-Matters-ebook/dp.... We know what to do, we have the technology, and we only lack the political will to make it happen.

>>jselig+ec
Berlin is a poor city. In fact it's former mayor famously described it as "Poor but sexy". It doesn't have the liberty of increasing supply on it's own to a large extent. You also can't increase supply, no matter how much you want to, in the districts everyone wants to live in. Getting a place outside of it can be accomplished fairly easily.

>>DasIch+oe
It would be rather easy to increase supply of housing. Berlin is full of brown-field sites that could be stacked with housing.

1. Remove density and height restrictions (e.g. "Berliner Traufhoehe").

2. Remove unnecessarily strict building requirements (e.g. "Daemmungswahn").

3. Remove legislation that is too tenant-friendly (e.g. "Mietbremse").

All three serve as breaks to increasing housing supply, the first is a legal impediment, the other two reduce investments.

>>mafrib+af
I guess when you remove 3, you would increase the supply, but only with what you see for example in London: Mostly luxury flats

Doesn't really help getting more affordable flats on the market.

>>thesim+Wf
Berlin has an extremely affordable rental market, unless you want to live in Mitte or nearby. Even Mitte would be more affordable, if 50-100 floor skyscrapers could get building permission.

I'm not sure how familiar with the London property market. London is currently seeing a large amount of real estate being built, mostly studio, 1, 2 and 3 bedroom. Hardly luxurious. Prices are commensurate with London income levels. Otherwise people wouldn't live in London.

>>mafrib+Lg
A part of the problem in London is the strength of rule of law, which means that rich people from everywhere in the world are storing nest eggs there by buying property, even if they don't live in that property. Almost every dictator, oligarch and prince of an oil-rich country puts in a stake, and smaller-scale money - which is still big scale - also finds a safe haven in the London property market.

I don't really think this has much significant impact on the housing shortage and pricing there, but some part of the housing stock there is owned by people who don't actually live there, and who can afford to keep it vacant just in case they need to move in one day.