15 or ten years ago, it was (I am the first to acknowledge) a good deal, but today it's the ultimate poverty trap - a trap that so many people have found themselves in. Just when you think you have a few dollars in your pocket, along comes the local City Council. No wonder 74% of the people in Berlin rent.
Falling property values might not be reflected in recent local body rate hikes, leaving people hundreds of dollars poorer after paying hefty rate bills. http://theage.domain.com.au/real-estate-news/rates-hit-might-not-factor-in-house-price-slump-20120827-24wqc.html
