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Re:Investors account for 30 per cent of home buying in Canad... by FirmwareBurner on Saturday September 09, 2023 @12:13PM (#37447011)
> Whereas in Germany it's my understanding that renters essentially can never be kicked out unless they do something egregious

That's a double edge sword. Would you rent your place to people knowing they can stop paying and trash your place and you can't get rid of them? I'm not a landlord but this scenario would scare the hell out of me, which is probably why German landlords ask for so may documents(bordering on privacy violation), and are so picky when choosing tenants that apartment hunting is basically a part time job in Germany.

>it's usual for people to choose to rent for life

Most people don't choose the rental life, but they don't have a choice, since property prices in German cities are far out of reach of the middle class who doesn't have inherited wealth or financial assistances from parents.

Renting is fine when you're young and employed, but owning your place of living outright by the time of your retirement, is still better for you financially, than having to pay rent as a retiree, as most likely rental costs will go up faster than inflation and wage growth as per current trajectory, and your pension will be too small to pay for living costs and rent on top of that, whereas if you pay off your mortgage until then, your retirement will be much less stressful.

Re:Investors account for 30 per cent of home buying in Canad... by rwmj on Saturday September 09, 2023 @12:19PM (#37447063)
Nevetheless, 64% of people rent in Germany. (source: https://webcache.googleusercontent.com/search?q=cache:https:...)

House prices in Germany are 120% of the average for the whole EU and looking at the graph they seem to be slightly higher than the middle of the pack. They certainly don't seem to be outrageously unaffordable, unlike Ireland. (source: https://ec.europa.eu/eurostat/cache/digpub/housing/bloc-2a.h...)

Re:Investors account for 30 per cent of home buying in Canad... by FirmwareBurner on Saturday September 09, 2023 @12:37PM (#37447251)
Yet more people own in Ireland than in Germany. Ireland saw the bigger growth rate in the last 10 years, but Germany was already quite expensive in that period.