[bartminton]

Totally with you regarding all points you made. I believe in a horrible recession not only in Germany but also Europe lasting for longer than just 2 or 3 years. I also do believe, that the totally overheated housing market will crash very badly, which might open up interesting opportunities, once it happened. Still, all the other problems remained. However, thanks for your thoughts.

[sottol]

Personally, I don't think housing prices will collapse unless there are mass bankruptcies (like 2008/9 in the US). Inflation is going to eat some of the housing prices gains, but people will just not put their house on the market for lower prices unless they have to.

I don't think many people will sell when their real estate agent tells them that they're house is now worth 200k less than last year (or the neighbor's house that just sold), they'll just keep paying the mortgage and wait for the market to improve.

[Glawen]

I'm with you with a big European recession. But I'm not sure about a big enough crash of the housing market, I think they will do whatever to keep the price up