Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
Display:
Also, the real estate bubble has popped in the USA, UK, Spain, Ireland... but not in France (yet). There was a drop in 2009, but the powers that be managed to re-inflate it with tax breaks and zero interest loans. So it's "back to normal" and of course, This Time Is Different>.

Construction business is an important part of the French economy and, as noted by Crédit Suisse, of the French people wealth.

At least for the "ordinary" people: I'd be surprised if the top 1% had the bulk of their assets in real estate.

by Bernard on Tue Oct 12th, 2010 at 07:37:26 AM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Top Diaries

The new Greek government program

by talos - Feb 23
162 comments

Two-thirds gone

by DoDo - Feb 22
6 comments

Did Schäuble win?

by Migeru - Feb 21
249 comments

LQD - On Monetary Structure

by ATinNM - Feb 20
13 comments

Varoufakis and the memorandum

by Migeru - Feb 13
88 comments

After EU

by DoDo - Feb 12
261 comments

Recent Diaries

The new Greek government program

by talos - Feb 23
162 comments

Two-thirds gone

by DoDo - Feb 22
6 comments

Did Schäuble win?

by Migeru - Feb 21
249 comments

LQD - On Monetary Structure

by ATinNM - Feb 20
13 comments

Varoufakis and the memorandum

by Migeru - Feb 13
88 comments

After EU

by DoDo - Feb 12
261 comments

Greece's Plan B?

by Migeru - Feb 3
266 comments

Deflationary QE

by afew - Jan 28
31 comments

More Diaries...

Occasional Series