Why Berlin's new rent control law is a gift to the rich

This is a 6-minute read

“45 percent, imagine that!” said my friend, who we’ll call Adam. He was all smiles as he told me about the rent reduction he was about to get on the 140 square metres of prime Berlin real estate he shares with his wife and baby. 

Adam is a beneficiary of Berlin’s rent-control policy - the Mietendeckel. While his landlord won’t be able to cover the intere…