Sweden ousts government over housing crisis

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In Australia, major parties bribe voters with policies designed to inflate housing values in the knowledge that home owners will vote with their wallet.

These demand-side policies come in a variety of guises, including first home buyer grants, stamp duty exemptions, and tax concessions.

Sweden has emerged as an interesting contrast, whereby incumbent Prime Minister Stefan Lofven from the Social Democratic party has just lost a confidence vote in parliament over a housing crisis and skyrocketing real estate prices:

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.