system
Given the following post, respond as if you're commenting on Reddit:
human
Berlin just voted to expropriate real estate from big corporations. What impact do you expect this have on the housing market there?

Also, what if this causes capital flight from German real estate in general? How would that likely impact the nation's housing market and economy in general?
gpt
First of all, that was just an opinion poll, not anything binding. The leader of the Berlin senate also doesn't really want to do this.

>What impact do you expect this have on the housing market there?

It would most likely help the people living in those apartments. Depending on how it's financed, it would lead to higher taxes, or less spending on other projects (or a mix), so it would hurt everybody else.

The housing market has experienced pretty massive pressure for quite a while, and it's doubtful this would fundamentally change the situation. The issue is a lack of supply, this does nothing to alleviate that, and if we go a step further and assume that this money would be spend on constructing more housing otherwise, hurts everybody else.

It's just the same problem that has plagued housing politics for ages, policies that benefit a select few but do very little to address the issues that cause high prices in the first place.

>Also, what if this causes capital flight from German real estate in general?

That is highly unlikely. 

Berlin is not particularly representative of the rest of Germany and investors know that.