35 ms·

Looking at this, seeing that 50% are homeowners is actually astoundingly good. In a lot of countries 50% cannot afford to be homeowners. This is an internation

by BeetleB 3mo ago

Looking at this, seeing that 50% are homeowners is actually astoundingly good. In a lot of countries 50% cannot afford to be homeowners. This is an international community here on HN, would love to hear takes from other countries.

vinyl7 3mo ago
Instead of praising a mediocre number, maybe we should strive to make that number 90%
- BeetleB 3mo ago
  50% is anything but mediocre.
- therealdrag0 3mo ago
  Why is ownership a goal? Housing is the goal.
em-bee 3mo ago
that number does not feel right. global statistics show only very few countries with a homeownership of less than 50%, two of which are germany and switzerland. and there it's not because they can't afford it but because the cities where people want to live do not even offer enough properties for sale because the majority of housing is owned by large rental businesses. https://worldpopulationreview.com/country-rankings/home-ownership-by-country https://worldpopulationreview.com/country-rankings/home-owne... the europe average is around 70% and globally i expect it is similar. unfortunately numbers for africa are mostly missing. the few examples there suggest that homeownership is either high, or extremely low, which means you could be correct, but i'd like to see actual numbers. and then it is still a question why it is low. it could be because land is owned by government, tribes or private and not for sale. https://globalhousingdatabase.com/ https://globalhousingdatabase.com/ shows more african countries, with most of them being medium to high. but it also hows high for nigeria, whereas the other statistic shows nigeria with 25%, and south africa and kenya are shown as much lower here compared to above.
- BeetleB 3mo ago
  Keep in mind the differing ways they calculate home ownership percentage. The ones you are looking at likely are calculated using the "older" method, which is 80% in the US.
  - em-bee 3mo ago
    can you elaborate please? how do the methods differ? do you have some links to explain that?
    - BeetleB 3mo ago
      This whole submission is about a new way of calculating home ownership. The "standard" way puts it at 80% in the US. The new way is about 50%.

by BeetleB 3mo ago

vinyl7 3mo ago

Instead of praising a mediocre number, maybe we should strive to make that number 90%

BeetleB 3mo ago
50% is anything but mediocre.
therealdrag0 3mo ago
Why is ownership a goal? Housing is the goal.

em-bee 3mo ago

that number does not feel right. global statistics show only very few countries with a homeownership of less than 50%, two of which are germany and switzerland. and there it's not because they can't afford it but because the cities where people want to live do not even offer enough properties for sale because the majority of housing is owned by large rental businesses. https://worldpopulationreview.com/country-rankings/home-ownership-by-country https://worldpopulationreview.com/country-rankings/home-owne... the europe average is around 70% and globally i expect it is similar. unfortunately numbers for africa are mostly missing. the few examples there suggest that homeownership is either high, or extremely low, which means you could be correct, but i'd like to see actual numbers. and then it is still a question why it is low. it could be because land is owned by government, tribes or private and not for sale. https://globalhousingdatabase.com/ https://globalhousingdatabase.com/ shows more african countries, with most of them being medium to high. but it also hows high for nigeria, whereas the other statistic shows nigeria with 25%, and south africa and kenya are shown as much lower here compared to above.

BeetleB 3mo ago
Keep in mind the differing ways they calculate home ownership percentage. The ones you are looking at likely are calculated using the "older" method, which is 80% in the US.
- em-bee 3mo ago
  can you elaborate please? how do the methods differ? do you have some links to explain that?
  - BeetleB 3mo ago
    This whole submission is about a new way of calculating home ownership. The "standard" way puts it at 80% in the US. The new way is about 50%.