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1. zerohedge (zerohedge@quitter.im)'s status on Tuesday, 12-Dec-2017 04:15:55 EST zerohedge
   Sweden: More Signs The World's Biggest Housing Bubble Is Cracking http://www.zerohedge.com/news/2017-12-11/sweden-more-signs-worlds-biggest-housing-bubble-cracking
   1. ay (ayy@gs.smuglo.li)'s status on Tuesday, 12-Dec-2017 04:29:21 EST ay

      in reply to
      @zerohedge @clacke Thinking about property prices makes me depressed. Like I wish buying a nice house cost next to nothing so everyone could have one, but then there are so many people who took on mortgages and put a lot of money into their houses that would be fucked if that were to happen.
      
      Idk how to feel....
      1. clacke (clacke@social.heldscal.la)'s status on Tuesday, 12-Dec-2017 04:30:17 EST clacke

         in reply to
         @ayy Carefully deflating the bubble is the only way to be humane and yet save the future.
         1. ay (ayy@gs.smuglo.li)'s status on Tuesday, 12-Dec-2017 04:33:12 EST ay

            in reply to
            @clacke Is such a thing even possible?
         2. ay (ayy@gs.smuglo.li)'s status on Tuesday, 12-Dec-2017 04:35:29 EST ay

            in reply to
            @clacke Maybe you could like tell people that starting in 5 years housing prices are going to go down, and that that will be an explicit policy and government will build to make it happen. If you warn people in advance they wont get fucked quite as badly.
            1. clacke (clacke@social.heldscal.la)'s status on Tuesday, 12-Dec-2017 05:21:30 EST clacke

               in reply to
               @ayy Exactly. You signal ahead of time, you gradually adjust e.g. minimum downpayment, stamp tax, land value tax ... Hong Kong does all three of these and has managed to stay the rise of property prices without creating a collapse.
   2. clacke (clacke@social.heldscal.la)'s status on Tuesday, 12-Dec-2017 04:29:20 EST clacke

      in reply to
      @zerohedge FINALLY.
      
      I don't believe it for a second though. Too good to be true.
      
      The fundamentals have not changed. The rates are crazy low, the interest deduction is not going anywhere, there is no property tax coming.
      
      It's still going to the moon, this is just a slump.