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How many people live in their own property?
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this post was submitted on 28 Sep 2023
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One of the major reasons that no one seems to mention is that renter's are well protected by right's and are nearly impossible to kick out. Rental contracts are usually signed without any expiry on the lease and agents are only allowed to raise rental prices every few years. People are expected to live in their rental for decades, to the point where rentals come without kitchens because people are expected to buy their own and use it for 20 years
Right. That's one major reason not to buy real estate in Germany for renting it out. Tenants can basically destroy your property and there's hardly anything you can do about it. There are other kinds of assets to build wealth though.