Part of the reason Schranz’s apartment is so affordable is simple: it’s owned by the city. In Vienna, that is (almost) the norm. The landlord of approximately 220,000 socially rented apartments, it is the largest home-owning city in Europe (in London, which has more than 800,000 socially rented apartments, they are owned by the local councils)
Thanks for demonstrating how fucked the rest of the world’s housing is, Vienna! We will proceed to learn absolutely nothing, unfortunately.
Not when there’s “passive income” to be made!
The more I think about landlording the more perverse it seems. It’s right up there with for-profit prisons and hospitals.
And thus a Georgist was born.