Ownership related costs are significant as well. 1% of the price annually for maintenance is what I've seen as a guideline and that's a lot of money for young p

Ownership related costs are significant as well. 1% of the price annually for maintenance is what I've seen as a guideline and that's a lot of money for young people in particular. Personally I never got the appeal of home ownership (context maybe that here in Germany rent protection is strong and HO rate is low in general), you can build wealth by putting the equivalent of money in index funds, never pay attention to it, can move easily, have no debt, high fixed costs, or significant risk of losing your home like people did in 08-09, and so on.