3 ms·
In Helsinki I'm wondering if building expensive buildings will make sure the 'bubble' won't break. Banks will just give people larger loans. Move to a situation
by wolfpack_mick 5y ago
In Helsinki I'm wondering if building expensive buildings will make sure the 'bubble' won't break.
Banks will just give people larger loans. Move to a situation like Sweden where you don't even intend to fully pay it back anymore. You're just renting from the bank instead of a landlord.
- llampx 5y agoSame in Switzerland. The taxation laws and low interest rates lead to a perverse incentive where people get million CHF apartments that they never pay off because if they do pay it off their real tax rate would go up tremendously. So they just make interest payments on the debt.