Germany has around 10% in additional costs (taxes, realtor) for buying property. No matter if it's your first or hundred property, no matter if you want to use it yourself or for being a landlord or leave it empty to use it for money laundering. This plus the inflated prices make it really difficult for the average to buy these days. Thank you conservatives and libertarians, the invisible hand of the market fists us again
Here in Denmark laws are pretty good, and protect renters. We also have a system that I can best translate as "housing to benefit the communality", that is a semi public system to provide cheap housing for ordinary people (originally workers).
That might explain why we have a relatively low degree of home owners.
On the other hand, AFAIK Sweden did a lot more than we did in the 70's and 80's to provide cheap rental housing. Yet they have more home owners?
As it should be!
Ah yes, people in the "richest" countries have it the worst, wonder how that happened. As a german i really just want to leave this shithole and move to Scandinavia already
What you need to make an opinion is historical data, not just the current situation. It might also be a cultural phenomenon in your country and ownership might have always been lower, we don't know with just one picture, but it sure does work wonders to make people angry and divided.
Germany has a huge problem with "landlord companies"(don't know what they're exactly called. Basically more than half of the appartments in Berlin are owned by two big companies, and either one of them did absorb the other recently or they're in the process of it, I haven't kept up to date. They're has been public referrendums with way more than 50% supporting the expropriation of those appartments in Berlin, yet nothing has been done by the local government even though experts have already confirmed that it would be completely legal and in compliance with our basic law(something similar to the ammendments in america).
Definitely should have provided some context there instead of just whining polemically, appreciate it.
I'm sure several factors lead to this, population density might be another one. But the truth is that the housing market in germany is pretty fucked right now. Not enough houses are being built because of absurd regulations and real estate companies are buying up the remaining ones just to jack up prices, often even without allowing people to live there.
Rents and property prices are skyrocketing as a result. I'm 31 and make about 50k a year, which is pretty much the median salary here, and with about 60% of my salary evaporating just for renting a one bedroom apartment outside of the city, ever buying my own property seems impossible to achieve.
Also, our government right know somehow expects the middle class to pay for CO2 neutrality in addition to everything else, while rich people barely get taxed and mega corporations receive billions in subsidies to build environment destroying factories.
People are so frustrated with this that they vote for right wing parties (in fucking Germany of all places), because every other party is too fucking tone deaf to do something about social equity
UK here. We actually look at Germany as 'renting done right'. Our rental market is an absolute disaster and it's showing no signs of slowing down, heck the entire housing market is a Trainwreck and no-one in power wants to stop the incoming disaster.
Yes, i'm very sorry for you. It's much, much worse in the UK. But if you ask me, Germany is on track for a similar disaster if things don't change. Denmark is a much better example for renting done right.
How is not owning property equal to 'having it the worst'? Its also not financially viable to own property, renting is actually the smart choice.
The color scale was so close to perfection and then there’s blue... Why not ⚫🟤🔴🟠🟡🟢?
