The reality is that the actual large-scale sell-off of public housing was carried out under the SPD–PDS (now The Left) red-red coalition led by Klaus Wowereit in 2004. for prices of around 30.000€ per unit.
> sold at firesale prices after the CDU Diepgen government thoroughly wrecked the state finances with a banking scandal at the end of the 90s.
Wowereit didn't have much of an alternative, the cash coffers were drained.