Economic Chart Du Jour

Nearly spit out my vermicelli today when I saw this chart:

What on earth is that about German house prices? Surely that’s an error. They cite Deutschebank, where I found this chart, which isn’t quite as dramatic, though the scales are different and perhaps even the variable being measured is different:

It does show a housing crash (of sorts) in 2005, though, which puts Germany completely at odds with English-speaking developed countries. Fascinating.

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