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Don't confuse home ownership with wealth. In Australia, laws are very biased to the landlord (despite the opinions of Australian landlords). It's an absolute p
by marcus_holmes 6y ago
Don't confuse home ownership with wealth.
In Australia, laws are very biased to the landlord (despite the opinions of Australian landlords). It's an absolute pain in the arse to rent there.
In Germany, laws are very biased to the tenant. Renting is a totally viable option, people can and do rent their entire lives.
I've lived in both, and seen people trapped in shitty mortgages in Australia because they didn't want to rent, spending half their lives commuting to work. And people paying tiny rents in Berlin because they started the rental contract 10 years ago and the landlord can't raise the rent.
- ChuckNorris89 6y agoLet me correct you: People who started renting 10 years ago pay tiny rents in Berlin. Pople who will start renting now or in the future, not so much. Unless you're lucky or have connections, the waiting lists are huge to visit a decent apartment in Berlin unless you pay huge markups.
- marcus_holmes 6y agoYeah, it's all getting more expensive. Still waaaay cheaper than rent in Perth, though ;) My awesome German GF just got us a new 3-room apartment at 900/month in Wedding. I was paying roughly that for a 1-room shitty flat in Perth a few years ago during the "rental boom".