For various reasons, Germans have taken a different approach to housing vs the US and most of Europe. Home ownership is in the mid 40% range, vs 65%+ for the UK

For various reasons, Germans have taken a different approach to housing vs the US and most of Europe. Home ownership is in the mid 40% range, vs 65%+ for the UK and US. Housing there is seen more as a cost than as an investment, with most people renting and the building itself generally owned entities like pension funds.