Comments by "zjeee" (@zjeee) on "Could Sweden's Housing Crisis Spread Across Europe?" video.

  1. Well when they trigger financial crashes like what happened in 2008 it kind of becomes a crisis.
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  2.  @jakewillsuffice6938  It's good for the rich that can buy the apartment with CASH and no bank loans. For everyone that needs a bank loan the affordability does not improve at all - sometimes it's even more expensive when you add in the extra monthly mortgage costs.
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  3.  @Poctyk  Housing prices in Sweden are not really that bad - we just like to complain about anything. I will say if we are talking about the capital Stockholm then they are much higher than the rest of the country. Stockholm is 7823.50 USD/M2 the national average is 4379.25 USD/M2. I do have to mention that in Sweden you are expected to buy the apartment by yourself though. Many of my Asian friends laugh at the prices not being too bad until I mention that you are expected to buy the home by yourself and asking your parents or family members for money is frowned upon. I think that's why a lot of westerners complain about the prices even though they are not that bad compared to some places in say Asia. It's because in western countries you buy the apartment by your own money. In for example Asia your parents and grandparents will all chip in and it's not uncommon to have more than 5 people come together and buy a home for their children or grandchildren.
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  4.  @danielwebb8402  Depends on Nation and location.
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  5. Yeah prices in Stockholm are twice or triple of what they go for in the smaller cities. My parents sold their apartment in Stockholm last year and for that money they could buy a really nice house on the countryside.
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  6. Totally different. In China the only way you can reliably invest is by buying a flat. In Sweden people tend to invest in the stock market not flats as the stock market provide a faster and more reliable income. China has 65 million empty homes, that is enough to put all the French into a home. In Sweden the apartments are usually not empty but are rented out. Also in China you NEED to own an apartment to get married and to send your kids to school so home ownership in China is above 90%. In Sweden it's not even above 65%. Swedish apartments are dropping in price due to hiked interest rates. Prices in China are dropping because housing companies are going bankrupt are selling their units at a massive discount to pay their loans and the fact that China has more apartments than it actually needs because a lot of people buy apartments as an investment in China not to actually live in.
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  7. So you think because the prices are falling that means apartments get more affordable? Well you are in for a treat when you realize while you have to give less money to the homeowner that money you will instead give to the bank in higher mortgage for the bank loan you took to buy the house. You still pay the same price and sometimes even higher for the home now you just pay that money to the bank instead of the home owner.
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  8. Housing prices in Sweden are not too bad compared to the rest of the world. And even then it's only expensive in Stockholm or perhaps Gothenburg, you look outside those cities and you will realize it's not really that expensive.
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  9. Sweden has a very small imprint on the global market, Sweden's economy could be totally erased and the world would not notice. A crash in the US though yeah that will ripple through the whole world.
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  10. Always the same story, the "reds" will say it's the fault of "Alliansen" and "Alliansen" will say it's the fault of the "reds". It would be great if either side would just try and make the country better instead of trying to blame the other side for everything that's not working.
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  11. If you buy with CASH yes, if you need a loan then NO. The increased interest rate will make your monthly mortgage payment a lot higher than it was 6 months ago. It is suggested to wait, that is why the prices are dropping because the loans to buy a house just got more expensive.
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  12. Actually the Swedish home ownership % is lower than the EU average. The EU average is 70% and Sweden is at 64%.
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  13.  @MadSwede87  What he said about Stockholm is true, the waiting queues can easily go well beyond 15 years.
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  14. Unfortunately there is no correlation between having high IQ or being "smart" and the housing market of your country.
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  15. prices are not too bad if you start looking outside the capital (Stockholm). What you can find in Stockholm you can find in another city for half the price.
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  16. No you won't unless you have the cash for it. Interest rates going up means getting a bank loan with a higher mortgage.
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  17. As a fellow Swede that grew up in Stockholm I think you'd have to make a difference where you actually get the house or apartment. The average price of an apartment in Malmö is 33.000 SEK per square meter while in Stockholm the average price is 82.000 SEK per square meter. The national average is 45.900 SEK. Obviously if you want a home in a city like Malmö then it is not really that bad as it has some of the cheapest homes you can find in Sweden. But try your luck in a more attractive location like Gothenburg or Stockholm and it is a whole different story and you will have to pay twice or maybe even triple of what you would have to in a city like Malmö. Right now I live in a small city in China and even here the price of a home is higher than in Malmö. In any case getting an apartment at 30 with no loans is an achievement in itself just saying it is well below the national average when it comes to home prices. Even if you do have the financial know how getting an apartment in say Stockholm is a whole different story.
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  18. Because communism is so much better, just look at China they are doing gr... ehm well surely North Korea are really looking go.. ehm oh oh Venezuela? No can't have them. Ehm Cuba? Well damn we have no good examples here.
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  19.  @upcom1ng116  You will be happy to know then that the money they lost is going straight into the banks pockets instead with higher interest rates on house loans. Because banks are not greedy at all, right?
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  20. Move out of Stockholm, the housing que is just a couple of months outside the capital.
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