04 Aug 10
3 edits
For top German ministers to continue blaming this on the US after all that has since happened indicates to me that they are either remarkably ill-informed or psychologically unhinged, or perhaps they are just country bumpkins.
yes - that graph is very interesting - Mr. Evans-Pritchard might want to reconsider his opinions about the German ministers.
04 Aug 10
this could shed some light on why Germany avoided the bubble.
http://news.allgrund.com/institutional-market-research/german-property-market-stable-says-global-property-guide
Most Germans live in rented accommodation. Although the proportion of renters to total households slightly slid from 58% in 1990, to 55% in 2004, this rate is still among the highest in the world. Private landlords own about 46% of the housing stock, social housing is around 6%, and co-operative rentals are around 6%…..
Now that's a concept -- people in Germany actually believe that renting is a perfectly acceptable approach to putting a roof over your head. Those "country-bumpkins" seem to be on to something here.