Look at musk's companies. They will basically never (on any near timescale...) produce GAAP profitability and yet their IPO is in the trillions. To the point that S&P refusing to suspend their GAAP profitability requirements means the index will basically never see this company in it (which I'm quite pleased about).
The power of already-accumulated capital is simply more powerful than things like "don't be completely pants-on-head stupid about a recent fad" "don't seig-heil in front of the world stage" "there's no point in having people come to an office just to spend all day on zoom" etc etc etc.
The market can remain irrational longer than you can remain solvent, and companies can remain irrational longer than you can go without contributing to your 401k.
The same might not be true everywhere.
No, I'm not stupid or lying.
And yes, it's true. It's just that this housing is not in Berlin.
That said, an idea has come to mind: UK and Italy have had schemes where a home can be purchased for £1/€1 under the condition the new owner repairs them (the repairs would cost 20-150k). Given some of the really bad stock I've seen in some searches, this may be a good idea for Germany too.
And yes, you can find even cheaper apartments.
It's… like… not that simple.
Update:
Every street corner has a yellow garbage bin for recycling. That is where your plastic bottles go. Seems like a better system than having elderly going through bins.
"My trash, a flash of joy.
For the poor people.
Enabling me, the blissful sheeple,
to consume on with abandon.
Everybody won."
"Eventually" yes, but while this phrase may have been about the stock market, it also applies to management: "the market can remain irrational for longer than you can remain solvent".
One concept I only learned a few years ago was the difference between "mistake theory" and "conflict theory". Rational decision-making is the former, political decision-making, including office politics, is the latter. It's important to know which of these kinds of battle you're fighting, or you'll make the wrong type of move.
Also, FWIW, I live in Germany and my unemployment insurance has run out because the job market is just that bad right now; I'm fortunate that I have enough passive income to support myself, but even then if my partner's unemployment insurance ever runs out I can't support both of us.
Plus, and leaving that aside, I have my doubts that even if you did that, that that company would stay alive for very long. Reality has the habit of eventually ripping this kind of unproductively delusional people (like e.g. a boss that flips if you don't say the right word with regards to the current hype) to shreds eventually.