Earlier quoted context omitted.
UAE
So instead of contributing back to the Swedish welfare state that raised and educated you, you decide to move to a petrodollar country so you spend less on taxes. I get it. Sounds sustainable and not the least egocentric.
What broke Sweden? Real estate bust exposes big divide
561–570 of 687 posts
Re: What broke Sweden? Real estate bust exposes big divide
#562Earlier quoted context omitted.
The main reason I got my first hob was to be able to move out. My parents drove me nuts. I've been independent ever since. I'd rather live in a tiny studio with just a mattress than live with them. Also nothing signals undateable more than "I love with my parents".
> Also nothing signals undateable more than "I love with my parents". That’s is true, but I suspect it’s also a typo!
Re: What broke Sweden? Real estate bust exposes big divide
#563Earlier quoted context omitted.
This is just the just world fallacy in a post. If you lived in Germany you would understand that statements like this that you wrote: > doesn't make you a special snowflake worthy of the German society to turn itself upside down for you and roll the red carpet and make life super easy for you are utterly, utterly ridiculous. There is absolutely no risk whatsoever of Germany "rolling the red carpet" for immigrants. It…
> It's a fairly hostile place to be if you're not German even if you're white. It can also be hostile even if you're German but not white. BS. If Germany were that hostile it wouldn't attract the biggest migration waves from non-white African and Middle Eastern countries in all of Europe. And now home to over one million Ukrainians. >Let me tell you as someone who lives in Germany right now: the vast majority of 1M S…
>Again, how far do you think you'd go without English fluency as an immigrant in US or UK?
Which is precisely why I said: don't bother moving to Germany if you don't speak German already or are not a refugee, which cover both your points "why do refugees come here then" and "learn the language", but it seems you cannot read.
All the best.
Re: What broke Sweden? Real estate bust exposes big divide
#564Earlier quoted context omitted.
Wealth != income. Someone who bought a house 10 years ago could easily be wealthier than someone pulling down $200k today.
sure but the house isn't income, while $200k is income and enough to buy a house in some parts of this country every 3-5 years, if spent judiciously. It's so far out the norm of normal income that anyone earning $200k in canada and complaining about the housing situation isn't in touch with what normal people in canada are experiencing and their complaints are ridiculous. It's like a CEO yelling that you don't know h…
After taxes, high COL, sky-high rent, and retirement savings there's maybe a deposit in there.
Re: What broke Sweden? Real estate bust exposes big divide
#565Earlier quoted context omitted.
I grew up in a village in the mountains where the closest neighbors were 500m away. At age 14, just before moving, I counted half a dozen attractive females of the same age (plus minus 1 year) in the village, that means 2-3 km away but still very much in reach on foot or by bicycle. I have most of my extended family there and there was no problem dating, marrying and having long term relations. There is a small town…
>I grew up in a village in the mountains where the closest neighbors were 500m away. At age 14, just before moving, I counted half a dozen attractive females of the same age You are completely moving the goalposts. Read my comment again please. I was talking about the dating market of twenty and thirty year olds, not that of school teenagers. How's the dating scene of single twenty to thirty year olds in your village…
Re: What broke Sweden? Real estate bust exposes big divide
#566Earlier quoted context omitted.
Risk, I think. For most people this is a higher risk strategy long term than just "paying the mortgage". Depending on your life stage and overall position it can make sense but it's not for everyone.
It's literally lower risk to invest if your average investment return rate is lower than your mortgage rate. It's likely more of a psychological opposition, where people want to feel more secure with a fully paid off mortgage, even if it does lose them potentially millions in the course of their lifetime.
Re: What broke Sweden? Real estate bust exposes big divide
#567Earlier quoted context omitted.
The solution for this will be CBDC - electronic programmable money and social credit score. The class of the ultra rich that has developed and controls the governments will use the poor as means of production - since they already own most of the economy, there is no longer any need for markets in the traditional sense, that we know. At one point if you have 100 billion, it doesn't matter if you have 101 or 200. The c…
It did not work in the history of isolated submissive societies, it will not work in the period of highly interacting and highly conscious global societies. For their sake I hope the title of one Aerosmith song will not become reality. https://www.youtube.com/watch?v=ZK__9UIN5gk
Re: What broke Sweden? Real estate bust exposes big divide
#568Earlier quoted context omitted.
The flip-side of this is that all the "expats" (not immigrants :)) and "digital nomads" are outbidding the locals and pushing up prices for them. If you think it's bad renting a house in Munich on a German salary, imagine renting a house in Lisbon (similar or higher prices) on a Portuguese salary.
The solution to this is of course land value tax, distributed to citizens in a dividend. The gains from the land value go to the citizens of the country, not the private speculators who add nothing.
In a way, getting rid of all rent-seeking is probably the single most important economic measure that a "free-market" country can take.
Re: What broke Sweden? Real estate bust exposes big divide
#569Earlier quoted context omitted.
> You can't claim "wait times" as a positive of letting a bunch of people die or go bankrupt i already covered that under 'access' . If you have access then USA has much lower wait times. Its postive to the people who have access. Your implication that wait times are just natural consequence of more access is also not right. "Commonwealth Fund ranked Canada last among 11 countries surveyed on wait times for specialis…
> If you want the most cutting edge medical care then USA is the no 1 destination for people all over the world. That's a bit like saying "you can find the cleanest air in the world in California". In remote locations in the desert or wilderness that's plausibly possible, but the vast majority of people live in cities with substantial air pollution. Likewise, most Americans do not have access to cutting edge medical…
Generic Comments like these are really tiresome. One of my extended family member on medicare got BAT therapy [1] after all other options were exhausted. This is cutting edge therapy thats not available in other parts of the world where you are out of luck when all SOC options are exhausted.
If you get advanced prostate cancer in USA you get something called 'triplet therapy' [2] which most parts of world like NHS, canada don't get this despite improved outcomes.
1. https://pubmed.ncbi.nlm.nih.gov/35357024/
2. https://ascopost.com/issues/march-25-2022/triplet-combinatio...
Re: What broke Sweden? Real estate bust exposes big divide
#570Earlier quoted context omitted.
I don't know about Ireland, but in the US the home ownership rate is higher than it was at any point in the 20th century. So however bad the situation is it doesn't seem to actually prevent people from buying a house.
right but I'm guessing a huge percentage is baby boomers or Gen X'ers who bought a house 10 or more years ago. I'm curious to see a graph of home ownership rate history for people between 25 and 39 years old, I'm guessing it is lower now than 30 years ago.