Or this thread:
The 1987 stock market crash resulted in an insecurity of many investors which lead them to investing more in the real estate market. Real estate prices doubled from 1980-1990 in that process, mortgages increased by 170% in that decade. Banks supported the trend with lower interest rates. The real estate market is entering full bubble mode. In 1989 constructions of buildings and houses made up ~15% of Switzerlands GDP. Nobody was worried because this time it’s different due to low availability of…
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