I know back in Denmark, that has become true, too... and most people live in rented apartments owned by "housing associations." There are also more and more co-ops where groups of potential apartment buyers pool their resources into a "company" and buy the entire apartment buildings they are going to live in.

Even a 2-bedroom apartment in the neighborhood where I grew up on the outskirts of Copenhagen now goes for the equivalent of about 600,000 €.

Thanks for the nomination; I appreciate it!