3 ms·
It's one of the outstanding problems of the current world. Not only in Germany, but there are also even crazier countries that most people can't afford to buy a
by namelosw 6y ago
It's one of the outstanding problems of the current world. Not only in Germany, but there are also even crazier countries that most people can't afford to buy a small apartment their whole life.
Old houses belong to older generations, and new houses are bought by rich people. Young people don't stand a chance, for some cities even not with a lifelong mortgage - unless they live in countries like Singapore which explicitly tackled this problem.
- kalnins 6y agoHow did Singapore tackle it?
- HDMI_Cable 6y agoI believe it was a combination of two factors (I'm not Singaporean so it would be nice if someone could correct me). Most of the housing units are owned by the government and are leased out to prospective owners based on a pseudo-waiting list type system for a fixed term (50 years?), and Singapore tends to build more housing than the west.