Exactly, in my European city that delta he talks about would be negative. Plus since the crisis the banks will only lend with 20% deposit, plus 10% taxes - so

Exactly, in my European city that delta he talks about would be negative. Plus since the crisis the banks will only lend with 20% deposit, plus 10% taxes - so you need a 30% downpayment. Given a flat will cost you around 180k euros you can see why home ownership is in decline, because no-one has 60k euros lying around when the average tech salary is 30-40k euros and the average normal salary around 20k.