1. A legal guy made a statement today....if you get a letter escalating your monthly payment (typically 85-to-100 Euro) for your gas bill, and the new letter says the amount goes up drastically (say to 500 or 600 Euro a month).....there's this one problem laying there.
As you pay into this pot, and hope that your usage will be half of what they say.....you now have to worry because if your provider goes bankrupt, holding 6,000 Euro of your money for this impending bill....you probably will never get the money back.
On the crap scale? It's a solid ten.
2. A lot of people with cubic space (say the 1900 type building with the 3 meter ceiling) are now worrying about heating unused space. You could be spending 5,000 Euro a month (with the new bill), and only one-third of this space is really necessary.
If you ask me....a lot of the older building real estate will go up on the market for sale over the next 12 months.
3. This whole upsurge in natural gas pricing a one-year thing?
How would you arrive at that thought? Until you have an overage in gas flowing into Germany.....the situation will not correct itself. This could well be a three-year process.
4. For a large segment of German society now....with houses....the natural gas cost per month equals the monthly mortgage payment to the bank.
How long can people pay this amount? Well....if you cut off vacation planning for 2023, limit renovation and repairs to the house, and curtail Christmas spending by 50-percent....you can probably survive this winter.
Where this leads to? Recession of an enormous size for 2023.
It would not surprise me if most all of the natural gas providers are 'grabbed' by the federal govenrnment for a period of time. But since this is not a product that you readily produce within Germany....I'd question how federal control would resolve much of anything.
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