german banks are conservative

來源: 2012-03-14 14:47:43 [博客] [舊帖] [給我悄悄話] 本文已被閱讀:

and tend to lend at a low LTV, e.g., 60%, nowhere near 100%. the fact that they considered italian government bond a better risk than german mortgages is a matter of judgement, not principle. ;p

the majority of the housing stock being flats is due to most properties being destroyed in WWII and the need to house the nation's population quickly post war.