alt Hacker NewsI feel like this is overdramatized a bit.
For instance: it's mentioned that EU gas storage is at 67% and Germany's at 56%.
What is not mentioned though is that Poland's storage is at 97% because the previous administration, for better or worse, was paranoid enough to invest in a sizeable marine gas terminal and the current one stocked up early.
Regarding real estate: adjusted for inflation prices peaked 2.5 years ago, interest rates are also much lower than back then. Nobody is buying because all the Ukrainian refugees who were moving to Poland are here already and that's the last bump in population this country will see for the foreseeable future.
Also there's the threat of war on Polish soil, which affects investor sentiment.
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It's 97% but total gas storage capacity it quite low so it's easier to fill.
Humans are fragile.
Just because the numbers might be small if germany doesn't has enough gas and some old fragile human being might die of this or because they cant afford the gas, its still no way to die in a country like germany.
So it's overdramatised on the gas, but underdramatised on the war?
Real estate in Poland is the only investment option without capital gains tax. You only have to keep it 5 years, extremely simple. A condo is tax free, risk free brokerage account. Even if drones start hitting these mostly empty buildings, the prices will keep rising.
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Germany hasn’t historically been nice about leaving Polish oil to the Polish when they decide they need it though?
Dramatised yes. Overdramatised no. This is a dramatic period of history.