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[quote=Anonymous][quote=Anonymous][quote]I just learned this afternoon, that in Germany, people prefer to rent rather than to buy. They have 40% home ownership compared to 70% in the United States. All in all the Germans are doing better than a lot of countries economically. While I would need to know more, that suggests the possibility that it's not just renting that makes communities more transient.[/quote]

Where are you getting these statistics? The homeownership rate in the US never reached 70%, even in 2005-2007.[/quote]I heard it in a report on the focus on paying cash (rather than using credit) in Germany which aired on Al-Jazeera English yesterday.  I don't claim to be an expert on this - perhaps they got their info wrong - but I did find this on Wikipedia just now:

http://en.wikipedia.org/wiki/Homeownership_in_the_United_States
[quote]The homeownership rate in the United States[1][2] in 2009 remained similar to that in other post-industrial nations[3] with 67.4% of all occupied housing units being occupied by the unit's owner. Home ownership rates vary depending on demographic characteristics of households such as ethnicity, race, type of household as well as location and type of settlement.[/quote]

That does round up to 70%. Perhaps Al-Jazeera and Wikipedia are using a different definition of home ownership than you are.[/quote]

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