Add Germany to the FSoA, UK, China, Canada & Oz as another one sinking into the collapsing RE Black Hole of Debt.

How is it that all these countries with different goobermints can be having exactly the same problems?  Simple, because they all use the same banking system with the same faulty assumptions all trading securities around on the same international markets on Wall St, the City of London, Hong Kong and Tokyo.  All the RE all over the globe has been artificially propped up in value by low interest rates, and it's all overinflated asset valuations that need to drop by 50% or more before it would even be close to correct for a normal correction.  As it is, with so many now in trouble at the same time, everyone will be looking to sell, and WTF is going to buy?  That is a recipe for a complete crash and frozen market.  None of the TBTF banks could handle that kind of capital devaluation, and no Goobermint could bailout all of them together.

This is the accident waiting to happen at the moment, and you can sense the tension in all the articles trying to downplay it and spin that it can be contained.  Can it?  Can the Smartest Guys in the Room pull another rabbit out of their hats?   Tick, Tock...

https://www.ft.com/content/dd396d80-9626-48c6-b276-a1ea4e5f6fad

The German property collapse is happening in residential too

RE