5 ms·
Definitely, but in the larger scale of things, Copenhagen is filled to the brink with overvalued buildings financed with zero-interest loans. If the interest ra
by fogihujy 6y ago
Definitely, but in the larger scale of things, Copenhagen is filled to the brink with overvalued buildings financed with zero-interest loans. If the interest rates start going up, the bubble is going to burst and a _lot_ of people are going to end up on the street ("the street" being used as a metaphor for a situation where there's no stable living situation).
Denmark and Sweden have managed to keep their housing bubbles intact for now, but I suspect the financial troubles brought on by the pandemic might change the situation quite radically the coming 6 months if the EU don't manage to secure vaccine availability and get the ball rolling.
- david927 6y ago> If the interest rates start going up, the bubble is going to burst and a _lot_ of people are going to end up on the street Yeah, I hear you. That's the whole world, though. Here in the US, too, interest rates are prohibited from rising or it's Armageddon.