Would you go and pay $1,250 for a studio apartment of 400 sq ft (37 sq meters)?
Go and consider your income, after German taxes and deductions....you might be lucky to have in the neighborhood of 1,500 Euro. So this home package (the studio apartment) would be in the 1,000 Euro range....giving you simply 500 Euro for food, travel, and personal lifestyle.
This is the problem in living in any major urbanized area of Germany now. Munich, Dusseldorf, Berlin, Hamburg, or Frankfurt....it's all the same.
In any pub with a 25-year old German....this topic will come up and people shake their heads because it's impossible to find an alternate scenario (unless you volunteered to live 20 kilometers outside of the urbanized zone).
The political apparatus trying to resolve this? Most believe the 'rental-brake' idea is band-aid to get by for the time being. Some believe that cities need to out and either build new apartment buildings to manage (to limit the rent) or purchase apartment buildings on the market (flipping them into city-controlled properties). Even in this scenario, you end up with city tax revenue being widely spent, and questionable long-term strategies to make this a permanent solution.
A top ten problem issue? Yes, it's not about to move out of the top ten issues.
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