Re:The Rise of the Rich Renter
by gerdesj on Saturday October 07, 2017 @05:47PM
(#15425876)
I used to be a British Army brat in (West) DE ('70s-80's) and my received wisdom was that Germans would generally rent and save up for ownership of a property out of town for retirement. Whereas us Brits would aspire to home ownership earlier.
All of that is obviously bollocks, sort of.
As another ahem European, I'm more interested in a German's views on home ownership and why I'm commenting here.
You said: "That's why we haven't bought and I don't want to." implying it is all about tax. I'd be intrigued to explore this farther. You mentioned earlier "The taxes alone for "owning property" i.e. renting it from the government until you die are extremely high" - could you clarify that.
All of that is obviously bollocks, sort of.
As another ahem European, I'm more interested in a German's views on home ownership and why I'm commenting here.
You said: "That's why we haven't bought and I don't want to." implying it is all about tax. I'd be intrigued to explore this farther. You mentioned earlier "The taxes alone for "owning property" i.e. renting it from the government until you die are extremely high" - could you clarify that.