Protected: Facts By Email #20 – Flipping Commercial Real Estate
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All the talk about Greece has everyone's head spinning. People in Europe have mixed feelings. Spain together with Italy/Portugal and a many others are watching Greece with interest. The worry by the thinkers here is that the left wing parties would gain strength if Greece is perceived to be winning (ie. will win a foregiveness of 50% of debt again).
Germany never saw a collapse like Southern Europe, Spain, Portugal and the like. Prices stayed the same. Never declined. But now real estate is really on the way UP in all major cities. We said 3 years ago in our annual forecast that we felt Berlin and most other German cities were undervalued. Since then