In the Austrian capital, renters pay a third of what their counterparts do in London, Paris or Dublin. How is it possible?

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)

  • BedSharkPal
    10·
    10 months ago

    The more I think about landlording the more perverse it seems. It’s right up there with for-profit prisons and hospitals.