Skip to main content

How Vladimir Putin created a housing bubble

Mortgages used to be a tough sell in Russia. Decades of Soviet propaganda, which denounced credit as an unbearable burden, had an effect. Even after the end of communism, Russians still referred to mortgages as “debt slavery”, preferring to save until they could buy their homes outright. Vladimir Putin, the country’s president, has spent two decades trying to convince his citizens to take a different view. In 2003, during his first term, he explained that mortgages might help solve “the acute problem of housing” facing Russians. His plea fell on deaf ears.

Explore more

This article appeared in the Finance & economics section of the print edition under the headline “War and prices”

From the July 27th 2024 edition

Discover stories from this section and more in the list of contents

⇒Explore the edition

https://worldnewsguru.us/?p=26543&network_id=

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

Celebrity spa haunt Champneys to explore £250m sale

The proprietor of Britain's supreme-known spa hotel has known as in bankers to attend explore strategic concepts on the eve of its centenary. Sky News has learnt that Champneys has appointed Cavendish to picture it on attainable deal opportunities, including the acquisition of a recent dwelling as successfully as a sale of the enterprise. The company's net sites are known for his or her A-checklist celeb clientele, including Daniel Craig, Anthony Joshua, Kate Moss, Brad Pitt and Naomi Campbell. Money most recent: Warning for millions of mortgage borrowers Diana, Princess of Wales, used to be moreover acknowledged to be a frequent Champneys guest. The chain now contains a handful of net sites, including at Wooded space Mere in Hampshire and the everyday Henlow spa in Bedfordshire. Champneys is now understood to be in talks to finalise the addition of a further dwelling by shopping an gift spa hotel. The company used to be previously owned by the unhur...
Post a Comment
Read more

'The White Lotus' star Patrick Schwarzenegger strips down in new ad for Skims

Patrick Schwarzenegger is not afraid to put it all out on display. In a new ad for Kim Kardashian's shapewear and clothing brand, SKIMS, Schwarzenegger and his supermodel fiancée, Abby Champion, posed in barely-there looks for the 2025 Wedding Shop Campaign. "Being part of SKIMS’ Wedding Shop with my fiancée Abby was such a fun experience and made me more excited for our big day," Schwarzenegger said in a statement. "Grooms are usually expected to just show up, but SKIMS designed with the men in mind also."  The couple appeared together in a series of photographs, with one photo featuring Champion in a white bralette and a matching sheer white skirt paired with nude underwear, while Schwarzenegger appeared next to her completely nude, holding a strategically placed floral bouquet. Schwarzenegger and his fiancée stripped down in a new ad for Skims. (Skims; Photo by John Nacion/Variety via Getty Images) ‘WHITE LOTUS’ STAR PATRICK SCHWARZENEGGER WISHED ...
Post a Comment
Read more

Dentists are pulling healthy and treatable teeth to profit from implants, experts warn

By Brett Kelman | KFF Health News and Anna Werner | CBS News October 31, 2024 / 5:00 AM EDT / KFF Health News These are 3 of the worst foods for teeth Dental experts share 3 of the worst foods for your teeth 03:11 Becky Carroll was missing a few teeth, and others were stained or crooked. Ashamed, she smiled with lips pressed closed. Her dent...
Post a Comment
Read more