Also European here. And just to bring some more up to date examples.

My colleague bought a nice big flat some 5 odd years ago. If he wanted to buy the exact same thing today, he literally wouldn’t be able to afford it, not even with much worse terms. For the same money he’d need to move to some small dinky house in the countryside.

My aunt bought a flat 7 years ago for almost 1.5 million CZK, and then 2 years later one for 2 mil. Today, they’re both worth at least 10 each.

Income has not grown like that in the past decade. These are arguably successful people that literally wouldn’t be able to recreate their success today, only a few years later. Shit’s going down hill and it’s going down hill fast.

So for me and my GF, buying a house is a pipe dream. We just about manage our current flat, which is already cheap, we both earn comfortably above average and she even works overtime often enough. Buying a house or having a child are literally crippling decisions.