This is the biggest problem. There really is no rental market to speak of, so talking about rental queues being 10 years long is not really relevant. If you want to live in Stockholm for a longer time you need to buy. This also means it takes months and months getting your loan approved, finding an apartment and waiting to move in. Only the waiting to move in part can take more than 3 months.

The flip side is, once you've bought a place, it can be really really cheap to live in with the current interest rates. We pay less than $1000 for a two bedroom in central Stockholm for instance, all included (interest, fees, electricity, water, heating, tv, broadband). This also means absolute prices are insanely high, and will probably continue to rise since there's still room for it to grow.