House prices in Sweden reached a new record with the average house now costing SEK 2 million ($282 000).
And this during a time of high unemployment and within a recession (in reality a depression). Companies have been doing pretty badly and the world is still in a shaky condition. Country after country is closing in on default and there are still wars raging in oil producing countries.
Still there are those that claim that we don’t have a housing bubble…
Can you say ‘clueless’?
No comments:
Post a Comment