The Netherlands is suffering a housing crash that has left many in negative equity spiral . The Netherlands is the eurozone 's fifth largest economy and made up of prudent savers . But the housing crisis has left the Dutch the most indebted people in Europe . and , worst of all , generous tax deductions on repayments , combined to create an incentive to buy , buy , buy . The Netherlands ' predicament is an example of the pitfalls of ` ` sell - then - save '' mentality .
The Netherlands is suffering a housing crash that has left many in negative equity spiral . The Netherlands is the eurozone 's fifth largest economy and made up of prudent savers . But the housing crisis has left the Dutch the most indebted people in Europe . The Netherlands ' predicament is an example of the pitfalls of ` ` sell - then - save '' mentality .