This week’s Economist has an article on Property in Sweden
It’s mainly rather tedious technical stuff about “macropru” and what can be done with financial policy about this:
but the picture editor puts it into context nicely from the start with this
It concludes with the following lament:
“Ideally, I’d like to have something in my toolkit with which I could influence the housing market and nothing else,” says Henrik Braconier of the [Finansinspektionen], “but up to now I have not found it.”
even though from the preceding paragraph we learn that
The tax code is in the hands of politicians, as are the planning and rent-control regimes that impede the construction of new homes.
It’s probably unfair to accuse this individual of cognitive dissonance, but as a society, Sweden seems to have an even worse case of supply and demand denialism than we do here.
At less than a tenth of the population density as the UK, it’s not exactly full, although I can well imagine there are Swedes who say so.