The Real Estate Crisis blooming. Basically, the German Real Estate market is collapsing by no builds and minus sales.
That might be the beginning of an international Tsunami, but I can't tell in which asset class. Tsunamis first pull off water from the beach to than crash back in a huge wave flooding land. The metaphor is not perfect, because that wave here might crash somewhere else and not even in the Real Estate market.
The Max Headroom there says clearly that the Real Estate market by the Germans called Concrete Gold is not save anymore. Actually, it was never that much of a great idea for most. Either the credit taking person could not have been certain to have 20 to 30 years continuously an employment cash flow paying of the credit never having to move into a new town and being able to be covering the additional costs for longer transport or the mid-range earning citizen found himself having to deal with tenants turning a stress problem no matter what the basic math said on lucky happiness by additional income. The amount of humans being able to handle credit loads and eventually founding a Real Estate Management and Development company was ultra small and exclusive.
This time now divides the smart from the fools.
