1990
2001
If there's a serious lesson to be learned here, it is this:
From the end of the war onwards the government had fixed rents in the GDR and in practical terms they remained constant -- at between 0.40 and 1.20 East German Marks per square meter. On average the estimated cost of restoring an old building in East Berlin was 75,000 Marks, the equivalent of 80 years' rent for a GDR citizen.
Rent controls: the most efficient technique presently known to destroy a city—except for bombing.
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