Hello,
I understand that this is purely speculative.
How do you assess the situation for the coming years? Will there be an economic crisis like in 2008/2009, followed by a decrease in construction costs and many houses (including “newer” ones) being sold?
I’m looking forward to your thoughts.
Best regards,
Michael
I understand that this is purely speculative.
How do you assess the situation for the coming years? Will there be an economic crisis like in 2008/2009, followed by a decrease in construction costs and many houses (including “newer” ones) being sold?
I’m looking forward to your thoughts.
Best regards,
Michael
Yes, the automotive industry is going downhill, but the industry is to blame for that itself. Arrogance that inevitably had to backfire. A change in mindset should have happened a long time ago. Germany as a country of innovation has been a thing of the past for some time now. So, it hits those who are already doing much better than the rest of the country. You just have to adapt.
Only the South pays for the others. If that is no longer possible, the system will collapse.
It has also become difficult in other industries. I know a well-known lighting manufacturer who recently laid off 12% of the permanent workforce.
Adaptation is always necessary. However, if the system collapses, options will be scarce for many.
It has also become difficult in other industries. I know a well-known lighting manufacturer who recently laid off 12% of the permanent workforce.
Adaptation is always necessary. However, if the system collapses, options will be scarce for many.
rick2018 schrieb:
Just that the South should also pay for the others.It hasn't always been like that. And it was possible.
Although I’m somewhat pessimistic in the short to medium term (but that’s really just complaining at a very high level!), I still believe that adaptability in this country has been proven. That’s something you can rely on. Things will always somehow keep moving forward.
And I want to emphasize again the high level at which complaints are made. We have the time and money to focus on issues that are often far from essential needs.
On the other hand, I don’t understand the disbelief in a bursting bubble in the major cities. The currently dominant issues—environment, technological progress, and migration—point exactly in the opposite direction: out of the city.
I don’t think there is a bubble in the cities. Topics like mobility, carbon tax, and flexible working hours will continue to draw people towards urban areas. Currently, those leaving the cities are mostly people who don’t have the money to build or buy property there.
During the economic crisis, short-time work and layoffs significantly pushed down real estate prices in our area.
Let’s see what happens next. However, I’m not pessimistic. I am a civil servant, and in a state full of civil servants (including the government), I remain calm about potential crises.
A state bankruptcy seems very unlikely in such a situation.
During the economic crisis, short-time work and layoffs significantly pushed down real estate prices in our area.
Let’s see what happens next. However, I’m not pessimistic. I am a civil servant, and in a state full of civil servants (including the government), I remain calm about potential crises.
A state bankruptcy seems very unlikely in such a situation.