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Europe doesn't value property ownership like the UK/USA/AU does - it's perfectly normal to rent for your entire life, and owning your own home is not seen as a
by marcus_holmes 6y ago
Europe doesn't value property ownership like the UK/USA/AU does - it's perfectly normal to rent for your entire life, and owning your own home is not seen as a requirement for a good life or even a wealthy one.
- f6v 6y agoEurope is not homogeneous. Renting your whole life in Berlin? Yeah, maybe. But most of the Belgians are buying houses. I also heard Italians say it's crucial for them to own a house/apartment.
- marcus_holmes 6y agoThis is true, but even then it's not the same cult of home ownership == wealth as the Anglo culture has.
- tiborsaas 6y agoIn Hungary the reverse is true. Owning a home gives you benefits a rental will never can. Plus you are gaining capital compared to using your salary and considering it as an expense. It's not required to own, sure, but it increases your comfort level significantly.
- littlestymaar 6y ago> Europe doesn't value property ownership like the UK/USA/AU does It's funny, because my father in law (French, but who spent quite some times living in the US) often says the opposite: “Americans don't value property ownership. That's because they have wooden houses that last for a few decades and get replaced, while in Europe we buy stone that last for centuries”. Clichés are clichés. UK is in Europe btw ;)
- marcus_holmes 6y agoNot any more ;)
- Hamuko 6y agohttps://en.wikipedia.org/wiki/List_of_countries_by_home_ownership_rate https://en.wikipedia.org/wiki/List_of_countries_by_home_owne... This list would suggest that there are many countries in Europe with a higher home ownership rate than the US, the UK or Australia. Surely that says something about valuing it.