Renting may have short-term advantages but overall it's a massive burden. Which is why banks love it: they can extract MUCH more wealth from people.
Look at Germany for example: owning a house used to be something people aspired to. After decades of indoctrination it's now being seen as negative. The constant stream of "green" and "pro consumer" regulations also made sure that goal has become unattainable for most people.
Coincidentally Germans have some of the lowest personal wealth in all of Europe, especially compared to "poorer" countries like Italy. The German state might be wealthy, its people sure aren't. Renting is wealth distribution from the lower and middle classes to the upper class.
Renting may have short-term advantages but overall it's a massive burden. Which is why banks love it: they can extract MUCH more wealth from people.
Look at Germany for example: owning a house used to be something people aspired to. After decades of indoctrination it's now being seen as negative. The constant stream of "green" and "pro consumer" regulations also made sure that goal has become unattainable for most people.
Coincidentally Germans have some of the lowest personal wealth in all of Europe, especially compared to "poorer" countries like Italy. The German state might be wealthy, its people sure aren't. Renting is wealth distribution from the lower and middle classes to the upper class.
Happened by design. They still hate Germans for fighting them.