Construction costs are currently skyrocketing

I say nothing will collapse as long as there is enough wealth in Germany and there continues to be an extreme excess demand for land. Meanwhile, financing brokers report that although the absolute numbers of financings are decreasing because not every Tom, Dick and Harry can get financing for any dump at moon prices anymore [..]. I know quite a few cases where (grand)parents simply injected six-figure sums or where plots of land worth several hundred thousand were simply handed over, so it’s not quite so dramatic anymore.

Just look at current figures – 2% repayment, 20 years, 3.5% interest – existing property with agent, project scope €750,000, about 160m² – let’s say there’s €200,000 to €300,000 equity – that comes to over €500,000 loan amount, and €2,500 monthly. Add the 160*€4 calculated operating costs of the bank and that already adds up to quite a lot of money for living – which should better be <0.4 of household income. So the example family would already have a net monthly income of €8,000. Certainly not the norm. Air will have to come out somewhere, in the existing stock or later in construction – or hardly anyone will build anymore. Because even if there is a lot of money, why should it be squandered like in the time when money cost nothing? The competition has become massively smaller.

I fear so too. I am in favor of opening Nord Stream 2. I don't believe Putin will allow deliveries, but then he would expose himself as a liar.

As if he hasn't done that enough already... opening Nord Stream 2 is like crawling back and admitting mistakes. Open Nord Stream 2 and you will get a lot of headwind not only from the USA but also from the EU and Great Britain.

Went too fast with the gas storage...well, then we can save ourselves the future discussion about a gas embargo.

Unless it erf

Went too fast with the gas storage... well, then we can save ourselves the discussion about a gas embargo in the future.

I have already thought in the past weeks whether it would not be smarter to keep silent about the storage level. But presumably that is too far-fetched.

Our two biggest concerns were the windows and the heating. Photovoltaics are on the flat roof. What else do we still have to worry about? :)

I have been thinking for weeks now whether it wouldn’t be smarter to keep silent about the savegame.

The fill levels were also important for domestic politics. You could also see this week that the spot market for gas dropped quite a bit when the realization took hold that it would be sufficient. For me, the action is in any case an indication that the actions so far, despite all the rough edges and mistakes that have been made, were not so wrong after all.