I think there are some problems with this. Mortgage debt in the Netherlands is fiscally subsidized through an instrument called 'Hypotheekrenteaftrek'. If we wa

I think there are some problems with this. Mortgage debt in the Netherlands is fiscally subsidized through an instrument called 'Hypotheekrenteaftrek'. If we want an explanation for high mortgage debt in the Netherlands, that's the cause. People on welfare can't get a mortgage anyways. So why mortgages would go up because of welfare not only going to pensioners is altogether unexplained. Also I think lumping us in with the Nordics is very questionable. Because although we might fit with the ideal of the 'Nordic model' to a certain extent, it's just easy to leave us out when we don't fit, because we're not a Nordic country geographically or otherwise.