Short DAX at 7740
- Thread starter ASusilovic
- Start date
Property market in Germany is still very depressed in some regions. There was a big speculation bubble in the mid 90s (building properties in East Germany that turned out to be a bad bet) burned many private investors. Real estate prices appreciated in recent years but nowhere close to the UK, US or Spain. Nowhere close to a bubble. I think most of the financing there is rather conservative, people buy houses with 20-30% down payments.
Even more ironic these German Landesbanks and IBK were fooled into the "risk free investments" in US subprime debt
Even more ironic these German Landesbanks and IBK were fooled into the "risk free investments" in US subprime debt
Quote from makloda:
Property market in Germany is still very depressed in some regions. There was a big speculation bubble in the mid 90s (building properties in East Germany that turned out to be a bad bet) burned many private investors. Real estate prices appreciated in recent years but nowhere close to the UK, US or Spain. Nowhere close to a bubble. I think most of the financing there is rather conservative, people buy houses with 20-30% down payments.
Even more ironic these German Landesbanks and IBK were fooled into the "risk free investments" in US subprime debt
Anybody mentioning "risk free money" ? Where, when ? Here I am !!!
No, see makloda´s answer ! Germans and Swissis got their lesson in the last 10-15 years !
The world's becoming more and more mad, people with so much money don't know what to do with it. Oprah Winfrey just joined the wolf pack by leaving $30m to her dogs in her will, how absurd and completely ignorant is that towards people that have nothing to eat or nowhere to live to do such a thing? $30m to the dogs, unbelievable, absolutely absurd. Dogs are just that, they are furry animals that eat dog food and shit in the park, they don't need diamonds.
