This is an article about how the neo-liberalization of urban space has created a cityscape characterized by extreme segregation, gentrification and social inequality, in a very short period of time. It also traces how from the early Twentieth century an attempt was made to create a cityscape characterized by social integration and limitation of the power of market forces through the use of site leasehold rights (tomträtt/Erbbaurecht) and a large amount of municipal leaseholding. It follows this policy from 1904 to our days, and shows that the leasehold rights now have been integrated into the neo-liberal policy.