⚡️🇪🇺🏠 Europe cut in two by the housing crisis!
In stark contrast, prices are plummeting in the West:
🇱🇺Luxembourg :-8.3%
🇫🇷France : -4.6%
🇩🇪Allemagne : -2.6%
They are exploding in the East:
🇵🇱Pologne : +17.7%
🇧🇬Bulgarie : +15.1%
The EU is trying to respond with its 1st Housing Commissioner, but explain to me...
How can we act when, in 8 years, prices have risen by 173% in Hungary but only 5% in Finland?
The EU's West is dying. Our values have been deeply corrupted. #eu
check the prices, not just the %
What do you mean?
the banksters didn't run the housing inflation racket as soon in the east because most eastern countries didn't join until after 2006
even now still a very high percentage of bulgarians own their apartments and houses free and clear, but the fiat bullshit is infesting their system
they had this inflation bullshit under socialism too, and eventually it destroyed the country... i think the main way they inflated the currency was boondoggle projects and retarded, shitty and disorganised construction projects that didn't finish like the hotel in Shumen's main drag that stands like a testament to Todorov's legacy
Currently it’s low interest rates combined with high inflation. People are scrambling to take on mortgages at less than 3% interest rates as a way to keep their savings from evaporating. What is very sus is that right now more than 30% of the real estate purchases are done without debt, meaning probably a lot of the demand comes from oligarchs that are laundering money in preparation for the imminent Eurozone membership. I don’t see how these rises can be sustainable. It’s late stages bubble territory.
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Only Bitcoin values houses properly. No country, fiat, statistic, etc, etc, can ever value houses properly. So in the end it's all a fluctuation of irrelevant data.
Because it all lead to its marginal cost of production, i.e the real cost of housing, in relation to Bitcoin and with given time.
TLDR: Nobody actually knows what houses are really worth. Price discovery for houses (and everything else) is in fact broken.
