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Yes it’s true it didn’t work, and as someone who grew up in Stockholm I used to be very sour about the situation, still am to some extent. However, it’s worth p
by klabb3 4y ago
Yes it’s true it didn’t work, and as someone who grew up in Stockholm I used to be very sour about the situation, still am to some extent. However, it’s worth pointing out that the transformation of rentals into condos (and a couple of other deregulation efforts) did lubricate the market, but only to a limited degree, and now we instead have these massive “investments” where the rest of the economy is held hostage due to everyone having huge loans. In short, there are massive red flag issues in all market forms, in a place like Stockholm.
Which leads me to this crazy idea that what if the problem is instead a… lack of total amount of housing? Sweden is incredibly slow, expensive and bureaucratic to build new housing in, yet we’re urbanizing just as much as anyone else. To me, the government should have a clear policy goal of having housing supply keep up with population growth, at the very least. Now, I care less about HOW (everyone can argue about that until eternity) and more about just ensuring it happens, and not lagging behind decades. If politicians drag their feet, it should automatically switch over to dropping all non-essential regulations (that would put a blowtorch to their asses).
In either case, I’m not in Sweden atm and I don’t feel particularly hyped about the coerced gambling I’d have to participate in if I were to settle there again permanently. It’s a shame, because it really destroys our ability to attract international talent in the startup world and so on.