People of Europe, with your crappy falling apart $1 million apartments that would rent out for a fraction of the cost of "owning", you have no idea how f*cked you are.
It was the Brits - they came into your market and bid up the prices to unjustified and unsustainable levels, in a big giant European Housing Ponzi Scheme. And you fell for it. In America, the Californians were our Brits. And you know how that turned out.
And now back to our regularly scheduled programming.
Showing posts with label european housing prices. Show all posts
Showing posts with label european housing prices. Show all posts
February 03, 2008
We interrupt this blog for a very important message for the people of Europe
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2/03/2008
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Labels: european housing prices, house of cards, it's the fundamentals stupid, price to rent ratio, the end of the ponzi scheme
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