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I agree it is a good thing for Germany to have so much renting. Indeed I think home-ownership will be the #1 driver of inequality in other contries over the ne
by adrianratnapala 10y ago
I agree it is a good thing for Germany to have so much renting. Indeed I think home-ownership will be the #1 driver of inequality in other contries over the next generation or two.
Those countries will have policies that lcaim help poor people buy houses, but the effect is to just inflate prices and increase financial risk -- as the world has already seen. The one thing that would really help -- increased supply is blocked by a powerful home-owners lobby damanding zoning rules and other restrictions.
In Germany the bloc is powerful, and probably gets more goodies than it should. But at least here they are constant building new housing.