The latter. Even without mortgage, it would take 150 months of an average salary to buy a fairly modest apartment, and we’re speaking average, which is very far from median.
Also, government tries to step in to compensate a bit for the families with children. But overall, the insane interest rate reflects in everything. I currently pay out a loan at 35% APR.
drathvedro@lemm.ee 2 days ago
Prices are crazy, too. The key interest is at 20% and inflation is way over that as everyone expects rouble to crash as govt is printing bajillions to hand out to dead soldiers families.