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0 sats \ 2 replies \ @OT 16 Nov 2023 \ on: Germany's Real Estate Paradox: A Tale of Two Markets meta
House prices coming down is a good thing IMO.
I agree they kicked some own goals with dismantling their nuclear plants.
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0 sats \ 1 reply \ @TomK OP 16 Nov 2023
But keep in mind that the banks are sitting on billions of unrealized losses due to the bond market crash. If now the real estate bubble implodes they are losing the 'value' of their 2nd colateral. They'll be totally undercapitalized
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0 sats \ 0 replies \ @OT 16 Nov 2023
Right, there are probably many other effects.
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