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A comment on The Shock of Sweden's Housing Market Is Hitting the Country's Currency. Parent comment

Re:The Shock of Sweden's Housing Market Is Hitting the Count... by wott on Wednesday November 15, 2017 @12:37PM (#15705666)
He does not want to fill his bank account and be homeless. He wants a house. To be bought with the same money. That does not go into the bank account but into the new house.
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Re:The Shock of Sweden's Housing Market Is Hitting the Count... by Retric on Wednesday November 15, 2017 @02:20PM (#15706893)
You can use that 750,000$ to buy anywhere else that's not inflated. If you want to buy a house in an inflated area you end up in the same situation as anyone else that wants to buy a house in an inflated area.

AKA, if a prison opened up next to their current house keeping property values the same then they would be strictly worse off.

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Re:The Shock of Sweden's Housing Market Is Hitting the Count... by megy on Wednesday November 15, 2017 @08:01PM (#15709466)
He has the original $1m to buy a house.
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