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welcome this is crazy stuff the EU is currently working on a draft law that provides for the expropriation of older residential buildings all buildings that do not meet the new EU Energy Efficiency standards are affected these buildings May no longer be used after 2030. I repeat that again these buildings May no longer be used after 2030. thats already in seven years of course there is no true expropriation you just no longer have the permission to live in your own house or to rent it out this logic follows seamlessly the German economics Minister Robert habeck who when asked whether he was expecting a wave of insolvencies at the end of this winter replied no I dont do that I can imagine that certain industries will simply stop producing for a while how can businesses not be bankrupt if they stop producing is a baffling question but anyways thats the same logic now with their real estate plans if you as a landlord own several apartment buildings but it is not worth renovating them