WilderSueden
2022-03-10 12:51:50
- #1
So it would also be an option to consider that Russia, in turn, no longer supplies "unfriendly states" with selected raw materials?
Basically, I would currently exclude very little completely. On the other hand, Russia has little to offer economically apart from raw materials. And in the medium term, they certainly want to do proper business again instead of isolating themselves like North Korea. But yes, it could also be that certain raw materials are no longer delivered. For example, those needed to switch to battery-powered cars.
Nowhere in Europe, except in Switzerland, is the owner-occupied housing rate as low as ours.
In Switzerland, this is probably due to the imputed rental value. There, you have to tax your saved rent as income, so ownership is financially moderately unattractive.
I wouldn’t focus too much on the owner-occupancy rate here. Even if that might not be the most popular opinion in a home-building forum, I think many people are better off if not almost their entire wealth is tied up in their home. That is simply a nasty concentration risk and the exact opposite of diversification. Also, the illiquidity of owner-occupied housing and the lack of options for partial sales (leaving aside those somewhat dubious providers) are a major disadvantage.
We are supposedly such a rich country.
Maybe wealth is inversely correlated with homeownership? Just a thought ;)