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That covid spike in 2020 is pretty interesting. Probably the percentage of people that rent something close to their workplace and could move home when WFH beca
by moffkalast 2y ago
That covid spike in 2020 is pretty interesting. Probably the percentage of people that rent something close to their workplace and could move home when WFH became a thing.
> The homeownership rate is the proportion of households that is owner-occupied.
I suppose there probably aren't better metrics available, but someone who lives in a rented out penthouse that's being financed by owning 20 rented out apartments wouldn't show up as a homeowner under this which is hilarious.
From what I can find [0] homeownership rates in the EU are typically north of 70%, and up to to 90% in some countries. Germany seems to be a real outlier at only 50%.
[0] https://ec.europa.eu/eurostat/cache/digpub/housing/bloc-1a.html#:~:text=Over%20two%2Dthirds%20of%20people,30%20%25%20lived%20in%20rented%20housing https://ec.europa.eu/eurostat/cache/digpub/housing/bloc-1a.h....
- n4r9 2y agoYes, I'm not surprised that OP's comparison fails to hold up especially against the central/eastern European countries. The website you link is using a slightly different definition of homeownership but at 90% it must carry over to be more than the US. Which I guess just means it's a poor metric for anythig really.