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The intended socialization plans of the Left, Greens, and SPD in Berlin would significantly reduce the number of apartments eligible for socialization and limit the compensation payments to affected property companies, while legal and financial uncertainties exist at the same time. #Vergesellschaftung #Berlin #Wohnungsbau (translated)

After the Berlin election, the Left, Greens, and SPD held successful exploratory talks and are aiming for a coalition, during which they plan, among other things, a socialization law for property companies with more than 10,000 apartments. #Berlin #Vergesellschaftungsgesetz #Mietenkrise (translated)

Anna said again that Trump had asked how he liked his business with Greenland and claimed he got the territory for nothing. Many wouldn't know that; it was probably the biggest real estate deal of all time, Trump said. Anna wrote that those who lie so much get confused and tired. https://t.co/C09Ec2hpw6 #Trump #Grönland #Lüge (translated)

The author wrote that the Left, Greens, and SPD in Berlin would implement the will of the referendum for the socialization of large real estate companies. Properties with more than 10,000 apartments should be transferred into public ownership; 160,000 apartments would thus be removed from the compulsion of profit. He described this as a historic opportunity. #Wohnungsbau #SozialeGerechtigkeit #Vergesellschaftung #DE (translated)

Julius Betschka reported that the Red-Green-Red coalition in Berlin agreed during explorative talks on the nationalization of large real estate companies owning 10,000 apartments or more. Additionally, according to him, there should be 100,000 new apartments by 2031 – the largest housing construction program since reunification. He cited Stern as the source. #Wohnungsbau #Berlin #Vergesellschaftung (translated)

For months, people have been protesting in Tirana against the issues at the universities and the government of the socialist Prime Minister Edi Rama, as anger grows over the controversial Flamingo Revolution surrounding a real estate project in a nature reserve. #FlamingoRevolution #Proteste #Albanien (translated)

Artificial intelligence described the example of a retiree who had worked all his life, lived frugally, and rented out a semi-detached house as a pension plan. It wrote that he wanted to sell the rented property in retirement but, due to the abolished 10-year holding period, would have to fully tax the difference between the purchase price and the selling price. Even if the selling price turned out to be lower than expected due to the tight market situation and new energy standards, artificial intelligence argued that, from the tax office's perspective, a profit could arise. As an example, it mentioned an increase in price from €200,000 to €350,000 and pointed out that the purchasing power of the euro had fallen to half over the past decades. According to its presentation, costs for maintenance and renovations, vacancies, and difficulties with tenants were not taken into account. Artificial intelligence criticized that people who had saved and refrained from consumption could ultimately pay for their retirement plans through taxation. At the same time, it claimed that saved money was distributed all over the world and benefited people who had lived less frugally. Finally, it asked what lessons future generations would learn from this injustice. #Kapitalismus #Altersvorsorge #SozialeGerechtigkeit (translated)

Torsten Heinrich wrote that he has never rented from a corporation, but from private individuals who had invested in real estate alongside their jobs. He knows at least seven people who over decades built up to 150 apartments through saving and loans. Two of them constructed and rented out multi-family houses with loans; several started from scratch, including one person from a refugee family. Heinrich argued that private real estate investments also need to be measured against other investment options. Real estate has already performed poorly compared to government bonds or index funds; the main argument for them is the possibility of value appreciation, which is tax-free after ten years. However, this is countered by high renovation costs, as well as work and hassle with tenants. In contrast, paper investments require hardly any effort and, according to him, do not entail additional payments, such as for new insulation or heating regulations. According to Heinrich, the abolition of tax exemption after the holding period is another reason not to invest in real estate. Anyone assuming that the taxation of private real estate sales has no impact on construction activity is effectively making an intellectual capitulation statement. #Immobilien #Investment #Vermietung (translated)

Savers' enemies wrote that private landlords in Germany achieved an average gross return of just over 3 percent, although real estate coaches liked to suggest otherwise. He asked why landlords should deal with tenants, construction risks, time investment, and German tenant law when German government bonds offered a guaranteed return of 3.4 to 3.7 percent without such effort. At the same time, he criticized that politics continued to cut back the few tax advantages of real estate. #Immobilien #Vermietung #Rendite (translated)

Mario Lochner criticized that the holding period for real estate should be eliminated. According to his perspective, with a value increase of 3 percent per year, the rise merely offsets inflation. Anyone selling a property after more than ten years would still have to pay tax on the inflation-related value increase, he wrote. Lochner considered the argument that real estate is favored over other investments to be incorrect. Rather, other forms of investment are disadvantaged. He warned that in the end everything would be taxed and asked who would protect people from this, in his view, nonsensical approach. #Steuern #Immobilien #Wirtschaft (translated)

The opponents of the savings account advocated not to abolish the ten-year holding period for real estate, but to extend it to stocks and ETFs as well. Those who hold securities for a long time should be able to realize profits tax-free. The author referred to this as a logical step in a country whose politics, in his view, have severely damaged the pension system while regularly emphasizing that citizens must provide for themselves privately. #Finanzen #Steuern #Rente (translated)

The economic public prosecutor's office is investigating Julius Meinl and former managers of his bank on suspicion of disloyalty and embezzlement, after allegedly concealing 150 million euros before the insolvency, for which real estate was seized. #Wirtschaft #JuliusMeinl #Korruption (translated)

Artificial intelligence wrote that many would not understand that nominal value increases in a currency that is continuously losing value due to inflation do not represent a real profit. It referred to taxation as wealth taxation that destroys hard-earned assets. This has already been significantly diminished by the multiple taxation of income and expenses for everyday needs. The average wealth of German citizens is already low compared to Europe, it explained. Initially, it mentioned stocks and ETFs, followed by Bitcoin, gold, and real estate. #Vermögensaufbau #Inflation #Steuern (translated)

Frank Schäffler wrote that the Federal Council would decide the next day on the recommendation to abolish the ten-year period for real estate. Those who invest in housing in the long term would then always have to pay, he explained. After Bitcoin, real estate was now affected; Schäffler warned against allowing these developments to take their course. https://t.co/SnlkWcpVVm #Immobilien #Investieren #Bundesrat (translated)

Gerald Markel accused Ukrainian citizens of living in Europe off money from corruption and theft. He referred to data from the Spanish Notary Chamber, according to which more than 14,000 real estate transactions with Ukrainian buyers, amounting to over two billion euros, had been registered since the beginning of the war. The average income in Ukraine is approximately 600 euros, he wrote. Markel claimed that since February 2022, 500 billion euros and dollars had flowed into Ukraine, with 300 billion coming from Europe. Germany had provided more than 100 billion euros in taxpayers' money over the past 4.5 years. He also criticized the EU for planning to introduce a control mechanism for the use of funds only in 2026, in connection with a 90-billion-euro package. He accused Ukraine of holding state funerals for SS collaborators and mass murderers. As an example of what he sees as inconsistent controls, Markel described the sale of a property in Vienna to a Ukrainian citizen in 2019 for just under five million euros. Although the buyer had lived in Germany for years and had the money in German accounts, Markel stated that it had been difficult for months to open an escrow account in Austria for the purchase. Banks had deemed the scrutiny of the source of funds too cumbersome; the transaction was only completed after months and numerous documents. He lamented that European citizens were subjected to strict compliance checks for transfers, while the Spanish real estate purchases by Ukrainian citizens went through without issues. #Ukraine #Korruption #Finanzen (translated)

Artificial intelligence wrote that the current tax exemption for the sale of real estate after ten years of holding should be abolished. As a result, the value increase of the purchase price due to inflation would be treated as taxable profit, which could further stifle the industry. The author described the change as unbelievable. https://t.co/1IOydlrt8h #Immobilien #Steuern #Inflation (translated)