The mood is at rock bottom and the investment climate couldn't be worse.
The motivation among people, if you listen around, has actually completely disappeared.
The slump in construction financing continues in Germany in April. New business with private real estate loans has fallen by half compared to the same month last year. The loan volume was only 13 billion euros. This makes it the weakest April since data collection began 20 years ago.
-50% compared to the previous year and -15% compared to the previous month
There have never been such weak April figures in the past 20 years.
The crash is enormous!
Partly intentional, partly caused by bungled politics and of course primarily owed to the ECB.
I can understand Gen Z, they no longer have a chance to build something. The state is insatiable and taxes will continue to explode. If you invite the whole world in, the welfare state simply becomes very expensive.
The only party that finally wants to tackle this is scandalized by the media. Still around 20%, with a tendency to increase further.
It remains exciting, this time I am observing from a safe distance.