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What is the desire effect? Increase homeownership by increasing housing stock? Germany as a whole does much worse at homeownership than most other countries acc
by 627467 5y ago
What is the desire effect? Increase homeownership by increasing housing stock? Germany as a whole does much worse at homeownership than most other countries according to this list.[0]
Is the goal stable prices over long period of time? And are we comparing house prices of individual US cities to entire countries (ie. Germany)?
I bet that prices in large German cities are much less stable than in smaller ones.
[0] https://en.m.wikipedia.org/wiki/List_of_countries_by_home_ownership_rate https://en.m.wikipedia.org/wiki/List_of_countries_by_home_ow...
- Ozzie_osman 5y agoHome ownership isn't the goal. It can have a lot of benefits, but downsides too. The goal is affordable housing. With good housing stock, that means people can own OR rent in an affordable manner, depending on what they need.
- fxtentacle 5y agoIn general the goal in Germany is to make housing affordable. Buying a house is an investment decision and less regulated. But if you own a house and you don't live there or the house is owned by a company, then you are legally required to rent it out at a fair price. So rental tends to be quite affordable, even in cities and nice areas. That's why in cities like Hamburg you can have €1000 monthly rentals but purchasing an equivalent house would be 1200000€
- luckylion 5y ago> That's why in cities like Hamburg you can have €1000 monthly rentals but purchasing an equivalent house would be 1200000€ What? no. Absolutely not. The houses or flats you get for 1.2mm will be more like 3-4k a month if you're renting.
- nradov 5y agoHow is a fair price determined? Is that something other than the market price?