With rents spiraling, Merkel tells landlords: Serve the public

FILE PHOTO: German Chancellor Angela Merkel speaks at a news conference with Abu Dhabi's Crown Prince Mohammed bin Zayed al Nahyan at the Chancellery in Berlin, Germany, June 12, 2019. REUTERS/Hannibal Hanschke

Speaking at a nationwide congress of German tenants, Merkel said “public-spirited” private investors had a crucial role to play in solving Germany’s housing crisis, and that authorities should make sure to use all tools at their disposal to regulate landlords. “We need private investors who must also feel a sense of public spiritedness,” she said. “There are questions over whether they have always have,” she said without naming specific investors. “I’m not that happy about every development.”“It must remain attractive for a group of people who feel a sense of obligation to this country to invest in housing.”

Merkel did not address a proposal from Berlin’s housing senator for a five-year rent freeze for all existing housing.

Greed is God

Sure, protect corporations, allow only them to gauge the public.

Does it occur to her that landlords are in the business to make money, not to provide a public service. Why doesn’t she ask Mercedes Benz to be public minded and give discounts on cars so everyone can drive a Mercedes?

Landlords are trying to profit just like Siemens and other businesses.

Its market self balancing process, let it set itself.

She is ruining that great country

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