/biz/ - Business & Finance

Riddle me this homeowners and tell me why I'm making a bad decision. Everyone I know IRL is telling me that buying a house or condo is a good financial decision because you "build equity" and that muh prices always go up.

>be in Sweden
>75% of the aggregate value of all outstanding mortgages are on 3-month variable rates
>interest rates were sub-3% for years and are now rising
>one of the highest housing appreciations in the western world
>15% downpayment required on any house or condo

Am I completely fucking retarded or is this not bubble territory? How is renting in these circumstances NOT the best way to approach this market?

Riddle me this bubbleretards and tell me why I'm making a bad decision. Everyone I know IRL is telling me that buying a house or condo is a good financial decision because you "build equity" and that muh prices always go up.

>be in Sweden
>75% of the aggregate value of all outstanding mortgages are on 3-month variable rates
>interest rates were sub-3% for years and are now rising
>one of the highest housing appreciations in the western world
>15% downpayment required on any house or condo

Am I completely fucking retarded or is this not bubble territory? How is renting in these circumstances NOT the best way to approach this market?