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Sweden is more hermetic and not that open to inflow of American, Arab, and Chinese cash into their real estate market. For European rich their real estate marke

Sweden is more hermetic and not that open to inflow of American, Arab, and Chinese cash into their real estate market. For European rich their real estate market is not that attractive. My hypothesis is that the situation is intentionally designed to be stuffy.

gspr 6y ago
Why does this matter if the claim is that the availability of space in a country seriously affects housing prices? I agree that in very very constrained countries like Singapore this is the case, but the space available to a country does not matter for housing prices beyond a certain point. The original claim was that it does. Why does it matter that Canada sees more foreign money flowing in? The space is essentially limitless, so prices should drop to zero. Except they don't, because it's not about space. It's about living in small, pleasant regions with a good economy where others also want to live. That drives up the prices, be it Toronto or Stockholm. It doesn't matter that both countries have essentially limitless land elsewhere. Edit: Also, the claim that Sweden is "more hermetic" is also a bit silly. You are aware of freedom of movement in the EU, right?
- durnygbur 6y ago
  They are monarchy with well established old-money elite and their own currency, staying outside of NATO. I can easily travel to Sweden (not exactly now though) but not buy real estate there that easy at all.
  - gspr 6y ago
    > They are monarchy A parliamentary constitutional monarchy, just like Canada. And why would it matter in the first place? > with well established old-money elite and their own currency Canada doesn't have these things? > staying outside of NATO How does military alliance memberships matter when discussion house prices in two peaceful, stable democracies who are unlikely to be in defensive wars any time soon? > I can easily travel to Sweden (not exactly now though) but not buy real estate there that easy at all. OK. What does it matter? The approximately 500 M EU/EEA citizens can. That makes Sweden very much not "hermetic".

gspr 6y ago

Why does this matter if the claim is that the availability of space in a country seriously affects housing prices? I agree that in very very constrained countries like Singapore this is the case, but the space available to a country does not matter for housing prices beyond a certain point. The original claim was that it does. Why does it matter that Canada sees more foreign money flowing in? The space is essentially limitless, so prices should drop to zero. Except they don't, because it's not about space. It's about living in small, pleasant regions with a good economy where others also want to live. That drives up the prices, be it Toronto or Stockholm. It doesn't matter that both countries have essentially limitless land elsewhere. Edit: Also, the claim that Sweden is "more hermetic" is also a bit silly. You are aware of freedom of movement in the EU, right?

durnygbur 6y ago
They are monarchy with well established old-money elite and their own currency, staying outside of NATO. I can easily travel to Sweden (not exactly now though) but not buy real estate there that easy at all.
- gspr 6y ago
  > They are monarchy A parliamentary constitutional monarchy, just like Canada. And why would it matter in the first place? > with well established old-money elite and their own currency Canada doesn't have these things? > staying outside of NATO How does military alliance memberships matter when discussion house prices in two peaceful, stable democracies who are unlikely to be in defensive wars any time soon? > I can easily travel to Sweden (not exactly now though) but not buy real estate there that easy at all. OK. What does it matter? The approximately 500 M EU/EEA citizens can. That makes Sweden very much not "hermetic".