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> Average Germans don't have much wealth since a lot of the population rents instead of owning their own homes so a lot of their wage growth just gets captured
by yodsanklai 2y ago
> Average Germans don't have much wealth since a lot of the population rents instead of owning their own homes so a lot of their wage growth just gets captured by the landlord class.
If the landlords are Germans themselves, it should move the median (more inequalities), but it doesn't explain low average.
- Rinzler89 2y agoA lot of rentals in Germany are owned by real estate corporations or banks, so their rents just fuels their profits and share price instead of incomes of other Germans. SaaS (Shelter as a Service)