posted on Nov, 12 2009 @ 06:50 AM
reply to post by Cabaret Voltaire
All I can say is this:
During the last week or so, the Swedish "Financial Supervisory Authority" have complained that banks give too cheap credits for house loans.
Contrary to the current rate of 1,5% or so, they want to see 5,5% as a more probable rate.
Today, I sold my apartment and made a nice $67000 profit
(after taxes it'll leave me $35000)
No more loan, no more hooks, no more worries.
The system may now crash for all I care.