10:28
Very scary and too rapid shifts, the thread (not the blog) absolutely loves to burst out in a collective – “what did I say, if you didn’t listen, you have only yourselves to blame” to articles like these.
If all loans were locked until February 2023 and a bit into 2024, then we probably did what you thought and moved out of Stockholm, now it never goes well anyway so have a lot of square meters in a culturally historic house where you get zero energy improvements – this winter won’t be fun but you can probably wash yourself with a damp cloth and I’ve heard you shouldn’t go below 10 degrees..
In the 30s it was own homes, the 70s the million program and before that nuclear power and wind power.
Now you belong to the privileged if you don’t shower cold and have a large mortgage.
09:51
Just read that 80% chose variable three-month rates when signing up for mortgages.
One really has to think about the electricity prices and the subsidies because if it turns out to be an expensive winter, these kinds of interest rates + generally soaring inflation will probably start to affect groups with jobs in owner-occupied housing across the board.
It’s easy to be judgmental but these kinds of rapid shifts hit quite hard and this is probably a cocktail that can burn out and crash fairly large groups. Families with small children are already on the edge in terms of energy and money without this millstone, and pensioners in mortgage-free houses get hit by electricity prices and inflation.
What’s lurking in the undergrowth here is probably unemployment?
If purchasing power drops = risk of increased unemployment, I think?