Considering how crazy expensive accommodations have become the last couple of years, concentrated in the hands of greedy corporations, landlords and how little politicians seem to care about this problem, do you think we will ever experience a real estate market crash that would bring those exorbitant prices back to Earth?
Check Germany, only 49.5% own their houses and the situation is getting steadily worse.
It is getting ridiculously expensive and the majority of the people cannot afford getting a mortgage. In Munich the average sq.m. is between 8 and 15K while the average salary is 3K and the rent for 70sq.m. flat is 1.500€.