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The high interest rates make all the difference. In Germany the interest rate for a house loan quadrupled over the last 2 years. 2 years ago you had to pay 2k p
by hasoleju 3y ago
The high interest rates make all the difference. In Germany the interest rate for a house loan quadrupled over the last 2 years. 2 years ago you had to pay 2k per month for a 500k loan, while 0.6k of that was interest. Now 2k per month became almost 4k for the same loan.
This already lead to a small drop in prizes at least.
- nine_zeros 3y agoHow timely as I just read this about the German market: https://wolfstreet.com/2023/12/24/qe-giveth-qt-taketh-away-german-home-prices-tank-as-ecbs-balance-sheet-drops-by-e1-85-trillion/ https://wolfstreet.com/2023/12/24/qe-giveth-qt-taketh-away-g...