Uh oh, according to EA-P and the IMF.
Subscribe to:
Post Comments (Atom)
Blog Archive
-
►
2012
(47)
-
►
April
(10)
- Great Recession, Part II
- Hunger Strike in Dubai Debtor's Prison
- Why high school kids don't care about cars now
- It's been a bad month for Obama.
- Houston is the second most boring city in the worl...
- October Surprise
- It's like deja vu all over again.
- Hobby International
- Pink slime disgusts me.
- Why the hell are we so fat?
-
►
January
(17)
- Hurricane Magnet
- How low can the television networks go?
- Debate Fatigue
- Just another Massachusetts politician running for ...
- Stupid Brits
- Has Facebook has reached that pivotal MySpace mome...
- Newt Gingrich is a hypocrite!
- Boom/Bust
- Make up a bunch of fake political crap and post it...
- Ron Paul is First Class
- Mike and Carol Brady just lost a crapload of money...
- Brad Pitt / Kurt Cobain
- Prescription Drug Shortages
- Housing bubble in Norway
- California Dreamin'
- This would be more fun than Obama vs Romney
- 2012 Predictions
-
►
April
(10)
About Me
- Lou Minatti
- I have two great kids who I love more than life itself, despite any whining you might read here. Everything else is peanuts. You can e-mail me at louminatti at gmail dot com.
Lou's YouTube Channel
Telwink
Swamplot
Lileks
Exurban Nation
James Randi
Dr. Tom, the Astronomy Guy
Eric Berger
Instapundit
Iowahawk
Dvorak
Calculated Risk
Mish
5 comments:
Does Germany not have any Casey Serin types?
That's what I want to know, what the hell is going on with Germany's "curve"? Price controls, could it be a more rational real estate market, a stagnant economy.....?
Speaking of housing..... Lou's gonna love this.
I think Germany has strict downpayment guidelines and minimum minocme requirements.
At least when I lived there (as a German resident, not US company staff) it was indeed hard to get a mortgage on a German property. The absolute minimum was 20% down, IIRC, and that was "new and risky" loan policy!
Many of my friends put up nearer to 50%, which seemed impossible to me with no help from family. Still, they were frugal people and managed.
And you better have the income requirements! Income gaps, employment gaps? Don't even think of buying a house!
But I also remember back in the early 1990's that it was somewhat of a real estate "bubble", not so extreme as the Anglo-Saxon/French/Spanish one now, but big for Germans. Prices then slumped by the late 1990's and perhaps have remained slumped.
Perhaps that is now the fate of the rest of the world, to follow the post-bubble German and Japanese example of stagnant prices for (dare we even say it?) as long as 15 or 20 years or more.
Post a Comment