Comment by ginja

Yeah, but it's much worse in Portugal, especially Lisbon. Here are some median home price to median income ratios for various cities (from Numbeo: https://www.numbeo.com/property-investment/in/Lisbon and corresponding pages for other cities):

  - Lisbon: 18.06
  - Porto: 13.55
  - Sydney: 9.09
  - Melbourne: 7.05
  - Vancouver: 12.62
  - Toronto: 11.82
  - San Francisco: 7.02
  - Los Angeles: 7.47
  - New York: 9.99