The Financialization of Housing: Shifting Perspectives on Affordability and Investment

Is expropriation, or forcing corporations to sell apartments to the government, a way to ease the housing crisis? Berlin seems to think so. In a landmark referendum back in 2021, the majority of Berliners voted ‘yes’ to forced sales, calling for the government to buy 240,000 apartments owned by some of Berlin’s mega landlords - whether they want to sell or not. Some call the strategy “radical” but needed. Others say it’s unconstitutional. But is it a viable solution to Berlin’s housing crisis, and could it work here in Canada? In this episode, we dive into the history behind Berlin’s expropriation campaign and try to figure out if a similar referendum on housing could succeed on this side of the Atlantic.

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