The western economy is a boom and bust cycle, most often driven by US loosening of economic controls. I’m sure the Chinese property bubble will burst too and then we have to deal with that one too.
How I long for social democratic, Nordic style government everywhere.
Nordic retirement funds famously don’t invest in shitty companies or housing property… directly. In Nordic countries.
They do own a sizeable chunk of middleman and own a lot of empty estates as well as renting agencies, e.g. in London UK, Gdansk Poland (and I forgot all other places)
The western economy is a boom and bust cycle, most often driven by US loosening of economic controls. I’m sure the Chinese property bubble will burst too and then we have to deal with that one too.
How I long for social democratic, Nordic style government everywhere.
Nordic retirement funds famously don’t invest in shitty companies or housing property… directly. In Nordic countries.
They do own a sizeable chunk of middleman and own a lot of empty estates as well as renting agencies, e.g. in London UK, Gdansk Poland (and I forgot all other places)