How Long Will You Need to Save to Buy a Home In Your City?

Re: How Long Will You Need to Save to Buy a Home In Your City? by redschell on Wednesday August 29, 2012 @03:40AM (#4447479)

Can someone more worldly than I speak to any possible cultural factor here? By that I mean, is the desire to own property as deeply-rooted elsewhere in the world as it is, or at least seems to be, in America? Are people in Japan breaking their backs to own a home? How about Europe? Brazil?

I'm genuinely fascinated by this, because it really does seem like American society frowns upon people who don't own a home by a certain age, especially when children are involved, almost as if a backyard is absolutely fundamental to the child-rearing process.

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Re: How Long Will You Need to Save to Buy a Home In Your City? by EwanToo on Wednesday August 29, 2012 @04:25AM (#4447564)

In the UK owning your own home is definitely "the dream", but in France, owning your own home is much less of a desirable thing, though it is increasing.

I don't know about the USA, but with current interest rates and the end of the housing boom a couple of years ago, in the UK it's often cheaper to buy than to rent, assuming you can get the deposit together.

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Re: How Long Will You Need to Save to Buy a Home In Your City? by sateesh on Wednesday August 29, 2012 @04:05AM (#4447523)

A datapoint, the desire to own a property is quite deep rooted in India as well.

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