How the credit crunch bypassed Germany's housing market - 3 Oct 08

One major factor contributing to the global credit crisis was undoubtedly the bursting of the housing bubble in the US and the UK.

In Germany, that bubble never happened - house prices have been static for the past 10 years.

Al Jazeera's Nadim Baba has been finding out why.

Category:

News & Politics

Tags:

• Nadim
• Baba
• al
• jazeera
• english
• germany
• economy
• market
• global
• credit
• crisis
• housing
• europe

[weiwuwei2]

They are good at budgeting, they don't spend what they haven't got, they prefer to save up and then spend, they don't think that the world owes them a living they also like to have the good things, but they are cautious. Same with the Chinese people. And good luck to them.

[MajNorberg]

..fight back against corporations...Celebrate "Don't buy anything" day.

[kdcruz75]

al jazeera is censoring my comments

[0800RelevantElephant]

stuff that I've missed? Germany can very well be the 3rd richest country in the world WITHOUT having US-sized suburbs - I don't see any connection between the wealth of a country and "renting" ... If anything people in poor countries rent LESS, because they usually have currencies which depreciate too quickly.

[0800RelevantElephant]

I don't even know where to start with you... Germany overcame the feudal system in many ways, especially in the East where socialism disowned virtually everyone. "tricked into thinking" - what? It doesn't matter who owns the property you live in as long as your number 1 motivation of living on said property is living on property. You see how that works? Renting is a form of risk-sharing, where you pay premium for less risk with more liberty. Is this "robber baron"-thing some new NWO conspiracy

[kdcruz75]

during the feudal system ..no one except the barons owned lands.most peasants had to rent their labour to be able to live.if germany and other 'advanced' countries have moved on form the feudal system why r u in the same situation even when ur the 3rd richest country. its because u have rented out your labour to modern day robber barons who have obviously tricked u into thinking it is a fair system.

the banksters own the system and assets .the german people don't..

ur comments very revealing

[0800RelevantElephant]

What's the connection between buying a house and "being enslaved" ? Buying property in Germany with credit is expensive, yes - but renting is quite affordable. Renting is in no way a bad thing, because at the end of the day you want to live somewhere and not necessarily own something.

[kdcruz75]

how can you say you're not enslaved by debt..

look at the young couple in clip...they can't even afford the deposit..the two salaries cannot support even that..

just because you're not in debt soesn't mean you're not enslaved by it..

the coouple are living in the 3rd richest country in the world and are professionals .where is the cedit going..

in india we can afford land and a house.

you're city slaves and accept it..unbeleivable

[Civsuccess2]

Germany is using caps to prevent price increase. The root of housing bubble is inflation. Inflation is the result of government around the world printing money.

Inflated money "bypassed" German housing market and went into other countries' housing and stock and raw material and oil and food market. No government can plug all the hole to prevent investment from coming and going.

[BaBaxBeNnY]

lol @ translation! the translation is complete rubbish! wtf is the point in interviewing people if you anyways don't care what they say!

[gonjamon99]

mrshutter77, lazy and too stupid to learn. ;)