I saw this shocking chart on house prices in UK and US:
If you were looking to buy a place in London before 2005, then you were out of luck.
Now I wish I’d been born 10 years earlier!
Anyone know of similar charts for Switzerland or data that can be used to plot a similar chart?
Prices in CH are off the charts.
These figures in Switzerland would be very much skewed by the lending system with the potentially non-repayable 1st mortgage at 66%. So the ratio would be around 7-10+ here.
Maximised house to income ratio is the “natural” consequence of limited housing stock and lack of land for new builds
It’s a “generational wealth” problem. No matter how well you preform in life if you’re starting from zero you’re outpaced as there’s enough of people with inherited wealth.
There’s also a ripple effect. More and more people realize that it’s time to leave their homeland as A) they won’t ever make it in their homeland B) they have enough to setup a comfortable leaving in cheap countries. Therefore the rat-race to home ownership has also started in Asia and south America, where the majority of local population is even out of the game as they would need to work 50+ years to re-pay the property where it used to be ~5 years. It’s still affordable for us though.
I wouldn’t be surprised to witness another world war before I kick the bucket
PS. Well actually I bet we can blame the good level of education 
cheap loans, inflation, etc are good to speed up economy, but since it became a common knowledge taught in every school, no wonder that in one, two, generations enormous wealth was accumulated from cheap loans and inflation instead of just using what you need for a living
In Switzerland house transaction prices are not public, unlike in the UK, USA, which some say is a good idea as publishing prices pushes up prices (everyone wants to make as much as the previous owner did)…
