The PIIGS may soon become the PHIIGS

[txitxo]

Underwater: The Netherlands Falls Prey to Economic Crisis

 

http://www.spiegel.de/international/europe/economic-crisis-hits-the-netherlands-a-891919.html

[Guest hellsten]

Private homebuyers, for example, could easily find banks to finance more than 100 percent of a property's price. "You could readily obtain a loan for five times your annual salary," says Scheepens, "and all that without a cent of equity." This was only possible because property owners were able to fully deduct mortgage interest from their taxes.

 

Is Germany the only developed country in the world that doesn't have a property bubble?

[Guest Dazel]

 

 

U.S. Is the only one....California and Florida have budget surpluses now...

 

Germans have one too...time to get the printing press out...

[txitxo]

 

 

U.S. Is the only one....California and Florida have budget surpluses now...

 

Germans have one too...time to get the printing press out...

 

That's right, the US has the highest gross rental yields of any developed country in the world:

 

http://www.numbeo.com/property-investment/rankings_by_country.jsp

 

Germany seems fair valued...

[Guest hellsten]

 

 

U.S. Is the only one....California and Florida have budget surpluses now...

 

Germans have one too...time to get the printing press out...

 

That's right, the US has the highest gross rental yields of any developed country in the world:

 

http://www.numbeo.com/property-investment/rankings_by_country.jsp

 

Germany seems fair valued...

 

The US housing market looks incredibly cheap when compared to the rest of the world. I wonder when the rest of the world will wake up and smell the bubble.