this post was submitted on 12 Sep 2023
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GenZedong
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I studied this recently, the UK appears to have a 60% ownership rate, untill you examine how they report it.
33% of people outright own a house in the UK, the other % are paying one off. No sane person would say they owned a house if they had only made 2 700 pound payments on a 250k property, but the UK does for stats.
The other countries report it the same. I live in Slovakia and there is absolutely no way that over 90% of people own their home here without counting the people who haven't paid off their house yet.