The combined population size of those countries you list is about the same as the USA. But I don't see anything like the amount of technological innovation from those countries compared to the US. Even though eduction levels are just as good. Socialism dampens the entrepreneurial spirit and dampens innovation. Elon Musk didn't head for any of those places, he headed for the USA, it was not even that long ago, it was just 1992! “My goal as a kid was to get to America basically. There is definitely no other country where I could have done this—immigrant or not” -- Elon Musk
I bought $300 in CEFs about a month ago. Things like PTY($13.70) PHK, PCN, PDI, YYY near their 52 week lows and wonder why PTY is up about 20% with inflation screaming? Does this mean the Fed is keeping long bonds stupidly low? Bonds are not my best strength, any thoughts appreciated.
Housing has always been a commodity. When local government authorities interfere in the housing market builders stop building and the condition of the housing stock deteriorates and rents and price of homes skyrocket. NYC is the prime example. Rents are the highest in the nation. People in rent regulated apartments are literally stuck in their apartments. They cannot afford to move to unregulated apartments. For years the net housing stock declined when housing properties were abandoned or changed to other purpose was greater than new housing built. Builders did not build because of fear of rent regulation.
Capitalist countries have rule of law in which private property is protected and contracts enforced. You cannot have capitalism without the rule of law. Obviously in mixed economies not every road leads to Venezuela. It is a matter of degree.
You missed a major factor, which is mass immigration. The Anglo housing-spiral countries - US, Can, Aus, UK to a slightly lesser degree - have rapidly growing populations thanks to their Great Replacement migration policies. This drives up housing demand and thus prices; Florida, for example, has to build a city the size of Orlando every single year just to keep up.
If you think the Socialist countries of Europe are the bees wax, why don't you live there? Put your monies where your mouth is. It is all BS, talking thru both sides of their mouths. That is what it is. Question: Why are the biggest admitted Socialists like Bernie Sanders and Alexandria continue to live in the US and not Europe? Why are the extreme liberals in Hollywood living in the US and not Europe? Even those who promised to move to Canada if President Donald Trump was elected are still in the US. Why? If it is so bad in the US, compared to Canada, UK, France, Germany----why are you Socialists still living in the US? Explain that one to me. It just doesn't make any sense.
I don't think you meant to quote me. As i was agreeing with you in my post that you quoted. But the socialists will obviously say 'we want to help the poor people in the US, how would we do that if we ran off to Europe'?
Not intended for you but, for Socialists and those who support those views and bash the US in the process. If Europe is so good, why not live there instead, of the US? The US can do without so called Socialists within our midst. Anti-Americans who hate the US yet, continue to live in the US?