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Originally Posted by mineistaken
why bigger? We do not have those crappy loan portfolios that were the cause of 2008 crisis.
The crash (correction) would definitely be much milder.
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The bail outs and other measures to "solve" the 2008 crisis were artificial, bandaids on a deadly wound. The upcoming collapse will be the real one. We have a housing bubble again, only 10 years after one of the worst crises of the last decades... That is unheard of, unnatural, and one of the countless signs that it's about to pop.
Quote:
Originally Posted by klinton
There are areas with bubbles and there are without. Holland is specific. Small country, rich, ALWAYS WITH WORK, OVERCROWDED, always had problem with shortage of housing.
+ hundreds of thousands of new people/ immigrants that want to live in Holland every year...
so honestly, sadly, I wouldnt be so sure that its bubble in your country...
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Local differences are always there, but Holland always follows the trend of the west as a whole.