Debt-Fueled Property Bubble Deflating in Stockholm Too
via jugglingdynamite: Low-interest rates, lax-lending and speculative fever, drove a boom in property demand, size and opulence over the past decade in most of the world’s major cities. Now home prices are unaffordable for most and debt is maxed out everywhere, just as aging owners are looking to cash out and lower expenditures en masse. The … Read more