Home Ownership Is The West’s Biggest Economic-Policy Mistake

[whatnext]

Originally Posted by Crawford

...and investors, and tenants, and families. My wife and I own her parents house, for a variety of reasons. Not sure why that should be disallowed.

I read that article and have no idea what they're talking about. The premise is wrong. Housing ownership has been a fantastic wealth-generating vehcile that distinguishes the Anglosphere from other developed nations. The UK is overall poorer than Germany but millions of UK households are much better off than their German counterparts due to homeownership. Germans traditionally rent, or if they own, inherit homes.

Who is happier?

Having travelled extensively in both countries, Germany comes across as by far more more prosperous.