The North Korean Sovereign Wealth Fund’s Real Estate Portfolio

This is one more reason why AirBnB beats youth hostels – Transparent ownership.

The Washington Post reports that Berlin’s City Hostel appears at first glance to be a simple, cheap option for staying in the German capital. It’s not far from landmarks such as the Brandenburg Gate, and while online reviews complain of dodgy WiFi and broken windows, the hostel offers “good value for your money,” as one traveler recently remarked. A bed in a mixed six-person dorm costs only about $20.

Visitors may have wondered about the high fence outside their accommodations — or the gigantic North Korean flag next to the building — but probably didn’t worry too much about it. However, Angela Merkel finally had enough.

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