Berlin Rent Freeze Cuts Prices, But It’s Harder to Find a Flat

Rentals of apartments built before 2014 dropped 59%.

Photographer: Krisztian Bocsi/Bloomberg

It’s been nearly eight months since Berlin introduced a five-year rent freeze and restrictions forcing landlords to reduce prices by as much as 40%. While some people are paying less, it’s harder to find a new rental—and some prospective tenants are being asked to sign shady side contracts. 

In September, the number of homes available for rent in Berlin was down 42% from a year earlier, and those affected by the new legislation—built before 2014—dropped by 59%, according to ImmoScout24, Germany’s dominant online real estate platform. “There are often several hundred inquiries for each apartment, and ads are frequently taken down within a day,” says Thomas Schroeter, the company’s managing director.

Some Berlin government officials and tenant groups attribute shortages to a drop in turnover due to the pandemic, but data from ImmoScout and other market

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Lightfoot considers $200M worker cuts, Second City for sale and all the ‘Windy City Rehab’ drama



a person standing in front of a building: A man walks past the Wells Street entrance to Second City in Chicago in August. The famed comedy theater is now entirely up for sale.


© John J. Kim / Chicago Tribune/Chicago Tribune/TNS
A man walks past the Wells Street entrance to Second City in Chicago in August. The famed comedy theater is now entirely up for sale.

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a close up of a sign: A CPS clerk said conditions in some schools are deplorable and that "this is a risk CPS is asking is to take. Why does CPS feel that our lives are not important?"


© Erin Hooley / Chicago Tribune/Chicago Tribune/TNS
A CPS clerk said conditions in some schools are deplorable and that “this is a risk CPS is asking is to take. Why does CPS feel that our lives are not important?”

Good morning, Chicago. On Tuesday, Illinois health officials announced 1,617 new known cases of COVID-19 and 32 additional fatalities. The seven-day statewide positivity rate is currently 3.4%.

Also, the city warned

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Boeing Prepares Deeper Cuts From Executive Ranks to Real Estate

(Bloomberg) — Boeing Co. is thinning its corps of vice presidents and winnowing real estate holdings, including a splashy outpost near the Massachusetts Institute of Technology, as the planemaker works furiously to counter plunging aircraft sales and mounting costs for the grounded 737 Max.

About 170 midlevel executives, 70 of them based at Boeing’s commercial airplane division, are taking a buyout offer that includes a year’s salary, according to people familiar with the matter. The first of the vice presidents and senior managers to accept the terms will leave the company Oct. 2, followed by a second wave later in the year.



Grounding Of Boeing 737 MAX Planes Extended As New Flaw In Software Is Found


© Photographer: Stephen Brashear/Getty Images North America
Grounding Of Boeing 737 MAX Planes Extended As New Flaw In Software Is Found

Boeing 737 Max airplanes on employee parking lots near Boeing Field in Seattle, Washington in 2019.

Photographer: Stephen Brashear/Getty Images

The cuts go deeper and wider than

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