Quote:
Originally Posted by twdm
Hey dawg, third time's the charm. Can you address the financial fundamentals backing the market? Yes that house may be $600k but the swiss also have an average household income of $140k canadian. Now that $600k house doesn't seem like a lot now does it?
Please use more critical thinking before making claims rather than taking everything at face value.
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It's great that the average household income is $140K. But someone is still working minimum wage at the local McD's or whatever the equivilent is in Switzerland.
According to google, minimum salary is $15457 francs per year, so that is $21,677 cdn per year.
Let's see a couple making minimum wage try to buy a $600K house with a combined annual income of $43,354 cdn.