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Try selecting Brazil in the Economist link. Are houses there really that expensive?

• haolez 8y ago
  The government started giving really cheap credit to low income families to be able to buy houses around 2008/2009. What they achieve instead was a 10x variation in house prices. It backfired and now the only ones buying here are the ones willing to take huge debts that will last 30 years. It’s probably a bubble.
  • gcb0 8y ago
    not for the reasons you think. Most construction monopolies held to the new units hopping that the affordable housing rules would be removed by the incomming change of government. also, have to check if that graph is for listed or sold prices. most places go for less than 60% of list price
    • haolez 8y ago
      > most places go for less than 60% of list price As of today, maybe. But we had to endure several years of inflated prices. It's hard to not correlate the inflation directly to the government's monetary policy.