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Spain and Greece have higher home ownership rates than the USA, Germany and Switzerland, but far worse economies. Home ownership being correlated with wealth i
by woolvalley 8y ago
Spain and Greece have higher home ownership rates than the USA, Germany and Switzerland, but far worse economies. Home ownership being correlated with wealth is the correlation of being able to consume more resources and what the policy environment incentivizes, not that one nation is wealthier than another.
https://qz.com/167887/germany-has-one-of-the-worlds-lowest-homeownership-rates/ https://qz.com/167887/germany-has-one-of-the-worlds-lowest-h...
I mostly bought my house for the tax deductions and a form of rent control, not as a wealth building tool. Without the deductions, putting my money into ETFs was more lucrative.