Denmark today

… winnings off of the table and diversifying then into a different asset class - namely, Real Estate. My observations of this phenomena (at least in NY) was this rotation was less financial wealth planning and more lifestyle upgrade. … I ran the equivalent numbers in Denmark (1990-2008 available) and housing as a % of GDP went from the 18% level in the early 1990ies to peak at 38% in 2007. There may be more public housing in Denmark , but still I can’t understand why …

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Housing vs GDP 1945-2009 | The Big Picture