Always a fascinating listen, and it doesn't matter how many times different people interview Alasdair in the same week there is always a different slant to the subject matter. No wonder Alasdair is always in demand!
There are actually a lot of rental homes in Sweden but the supply is nowhere near the demand (in the bigger cities) and as you say this has contributed strongly to most people having bought their homes. This has created a huge bubble and it becomes much worse as the interest rate goes up.
Most people have mortages which means they do not own their houses outright.
Regarding apartments that are "bought" they are almost entirely in condominium/association form. It means they are not owned outright but people merely have an entitlement to use them. So if the association goes broke the right to usage will be transferred into a rental. People will still keep their original debt plus their share of the debt of the bankrupted association.
Always a fascinating listen, and it doesn't matter how many times different people interview Alasdair in the same week there is always a different slant to the subject matter. No wonder Alasdair is always in demand!
There are actually a lot of rental homes in Sweden but the supply is nowhere near the demand (in the bigger cities) and as you say this has contributed strongly to most people having bought their homes. This has created a huge bubble and it becomes much worse as the interest rate goes up.
Most people have mortages which means they do not own their houses outright.
Regarding apartments that are "bought" they are almost entirely in condominium/association form. It means they are not owned outright but people merely have an entitlement to use them. So if the association goes broke the right to usage will be transferred into a rental. People will still keep their original debt plus their share of the debt of the bankrupted association.