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> Housing is the #1 form of savings for most people in wealthy countries. I believe this applies mostly to the anglophone wealthy countries. It is much less tr
by PaulDavisThe1st 4y ago
> Housing is the #1 form of savings for most people in wealthy countries.
I believe this applies mostly to the anglophone wealthy countries. It is much less true (if it is true at all) for most people in non-anglophone wealthy countries. In many of the latter, the percentage of home ownership doesn't even make it to 50%.
[ EDIT: while made in good faith, this claim is wrong. https://en.wikipedia.org/wiki/List_of_countries_by_home_ownership_rate https://en.wikipedia.org/wiki/List_of_countries_by_home_owne...
Sorry for the misinformation (and meme spreading that had already infected me. ]
- notahacker 4y agoHome ownership is actually higher in many non-Anglosphere developed countries than the Anglosphere. Even with a relatively low home ownership country like Germany, it's a fair bet that the home is the most valuable item in the savings of most of the half of the population that own their home, and most of the half that don't own homes have relatively little in the way of savings...
- PaulDavisThe1st 4y agoYou are correct, and I am wrong. I edited my post to reflect that.