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I live in Sweden, rent control is practically non-existent for most people now. The trick is to buy a place as soon as you can, unfortunately property prices ar
by nivenkos 5y ago
I live in Sweden, rent control is practically non-existent for most people now. The trick is to buy a place as soon as you can, unfortunately property prices are also going up (20% YoY!) so that's tough too.
In Sweden you can't usually privately rent out an apartment for more than 2 years, without returning to live in it for some time (or selling it). So this puts a lot of pressure on to buy a place to live in, as the rental market is a disaster of moving every year.
Sweden needs to build far, far more flats and houses. Like 10x current levels at a minimum. The population has increased by 20% in the last 20 years.
- pbuzbee 5y agoWhy are property prices skyrocketing in seemingly every western country? Is this a chronic lack of supply? Inflation? Something else?
- rory 5y agoMostly societal accumulation of wealth and consistently low interest rates (which are low in part due to the high ratio of accumulated wealth to productive capacity).
- nivenkos 5y agoHousing becoming an investment rather than somewhere to live in. Why is Bitcoin so overvalued? Once it becomes a "store of value" the price just goes crazy.
- anchpop 5y agoThat shouldn’t affect the price of rent though. Landlords are largely price takers and have no pricing power. But rents are also going up.