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by G3rn0ti
1647 days ago
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> Homes they can afford to own In Germany where I live home owners are in the minority (40%). In Europe on average homeownership is about 70%. Yet, we are one of the richest countries in Europe. Furthermore, buying a house on credit does not mean you own it — since as long as you pay your debt it’s the bank that owns it really. Finding a partner and maintaining a relationship got nothing to do with owning a home. I am saying that as a dad without owning a house. Looking at this list: https://en.m.wikipedia.org/wiki/List_of_countries_by_home_ow... I am also not really sure I really would want to live in the top countries with the highest percentage of home owners. |
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Being a tenant in Germany is essentially as stable (if not more stable) as taking a mortgage on a home in the US. This is still the type of stability the state provides, which is quickly disappearing worldwide as all funds go into real estate due to a decade of zero (or negative) interest rates.