RT has the article German ‘rent insanity’ sparks mass tenant protests, expropriation action.
Germans in large cities are protesting on Saturday against what they see as the unfair influence of large landlords on the housing market. They want the biggest players undercut and their property expropriated.
Is this a movement coming to a country where you may be living? Sometimes people have a limit to the exploitation they are willing to put up with. It is not wise for the exploiters to push past that point.
In the USA, real-estate prices are essentially set by what the banks are willing to finance. The more money you need to borrow to buy your real-estate, the more interest the banks make. With rising real-estate prices, the real-estate you pledged to get the original loan rises in value to protect the bank’s investment in the mortgage. So the problem is not only with the big owners of real-estate.