House prices on the German real estate market continue to fall unchecked. The largest real estate market in the eurozone is thus sending a clear warning signal to the European Central Bank to provide further liquidity. The explosive charge lies above all in the bank balance sheets, which contain enormous unrealized losses.
56 sats \ 1 reply \ @CruncherDefi 7 Jan
Real estate market finally demonetizing and trending towards its utility value? Let's hope so.
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0 sats \ 0 replies \ @TomK OP 7 Jan
Would be a socio-economic relief for a lot of people. And the start of bank bail-outs and -ins
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22 sats \ 1 reply \ @Superbadger 7 Jan
Time bomb is ticking
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1 sat \ 0 replies \ @TomK OP 7 Jan
So You hear it too. In Germany the majority seems to be deaf
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21 sats \ 1 reply \ @mf 7 Jan
Please include the sources. It's useful to click through and continue reading about the subject.
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3 sats \ 0 replies \ @TomK OP 7 Jan
A lot of sources. This one gives a good overview. Need to translate it.
https://www.handelsblatt.com/politik/deutschland/immobilien-so-steht-es-um-den-immobilienmarkt/100002983.html
Or the stats: https://tradingeconomics.com/germany/housing-index
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21 sats \ 0 replies \ @shado_op 8 Jan
On the one hand, great news for those of us locked out of the housing market.
If the West actually believed in free markets, prices would indeed fall back towards their natural equilibrium.
Making a home actually affordable for millions.
On the other hand, as most "wealth" is locked up in property, the politicians will run squealing to the central banks demanding they "do something" in fear of voter rejection, as many voters now believe in the free lunch after a decade of QE.
So yes, the printer will get turned back on, and the housing crisis across Europe will get worse.
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