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by martin_bech 1988 days ago
German housing is a litle different, as many prefer to rent, so less demand for beeing an owner.
2 comments

True, if I have no chance to finance it, you prefer renting compared to homelessness.

But workplace mobility, yeah!

Why do they prefer to rent?
After WWII the German government created strict renter protection laws and the state invested heavily in relatively high quality public housing. You can compare the results to the UK, which cities were also bombed, but invested in private housing instead. Germany also famously had been "the sick man of Europe" before the current boom, were real wages did not rise for a long time.