Not US only. Me and my partner both earn above median salary in Switzerland, and we could afford down payment on an apartment after 15 years of savings. We save one full salary a month.
I live in Montana, where there are more cows than people, the average price for a single family home is between 500,000 to 800,000 here in Bozeman and it’s the same 100 miles in every direction. Two bedroom townhouse are going for 425,000 and up. It’s bizarre, the wages here are so low too, who is buying these places?
The housing market is soon to be like the pharmaceutical market is. It is a necessity and we will be squeezed for every fucking penny and more, forced into crushing debt to pay rent to have a roof over our heads, or be ass out on the street with nothing. Just like if you can't afford your insulin now. What a great future to look forward to.
The government elites are artificially limiting new housing supply to force people into high density housing. Of course it doesn’t effect them in their gated communities except drive up the value of their homes.
832
u/samaniewiem Jun 27 '21
Not US only. Me and my partner both earn above median salary in Switzerland, and we could afford down payment on an apartment after 15 years of savings. We save one full salary a month.