I didn't become financially independent until I was in my mid 40s, in addition to owning a second house making money on a monthly basis through passive income, and I've also met some of my goals. I really hope this motivates someone to know that it doesn't matter if you don't have any of these things yet; no matter your age, you can start today. Investing can help you change your future! By participating in the financial market, I took a significant decision.

I think Germany has a lot of common sense. Attitude.

Hy, Austrian here. Thank you Antoinette Emily for your interesting, very positive and likely to watch videos. Well I´m not 100% firm with german law regulation, but usually it is very simular to Austrian law. And here renting real estate objects gives you nearly the same richts as owning them. You can´t be desplaced by no serious reasons. But all the anoying stuff has to be done by the owner (maintanance, "Hausverwaltung", restoring for example). In Austria the contract nearly automatically is transmitted to your children or left behind partners. So, it´s really nearly ownership! And second: if somebody in the german speaking world buys a house or a flat, they keep it mostly for life or long periods of it. Real estate here is less an speculative object, it´s more a part of your life. So when you buy, you had decided a lot more. Your social surrounding, your schools, your everyday-life-possibillities, even your landscape. Maybe that´s another reason, why in these countries the decision of buying is made very carefully and thoughtfully!

I am from the US. We are so much alike with New Zealanders. I, myself, see pros and cons. I now have a mortgage. 😊❤

I Don't think many prefer more they are forced to so this. Many can't afford this.

5:00 Thats what also is happening in Germany. Many older Generations could affort a home in Germany that is just not possible.

What advantage gives you owning? As many others have mentioned - you own a home, you gotta keep paying for repairs, you gotta maintain it, you gotta keep it up even when you are a bit frail - and in the end you sell it anyway, as the house you built for your family will not serve your needs in old age. The renter is more flexibel, can more easily change locations, does not have to do the repairs. AND - tenant rights in Germany are great! There is no two weeks notice and you have to be gone. Unless you attack other renters or the landlord you usually get a contract for as long as you want to live there, no time limit. Unlike in the UK or even worse in the US ... Owning means you are responsible for any nasty surprises in the house (if you bought an old one) or the land (what if it was a landfill and gas comes out). So yeah, renting is the right thing to do for older people, who cannot maintain a house anymore or for single people who do not earn enough to afford a house, or for people who are likely to change jobs often - and might want the flexibility. Also - houses are so expensive here to build alone (you know that, you did it yourself) - because our standards (energy conservation, ecology standards, security etc) are so high that building gets really expensive.

@4:29 The costs associated with it, the risks associated with it like expropriation, taxation and regulation, don't make it a good proposition. Heatpump, nuff said. @5:48 What is easy and predictable in one country can be quite the opposite in another.

Watch from Toronto Ontario Canada.

German here living in the UK, where people have a similar upbringing around getting on the property ladder as soon as possible. An interesting aspect of this topic might be the difference in the money mindset. Germans are generally debt-averse so you usually only buy what you can afford and you save up for it. Naturally, Germans might be hesitant to take out a big mortgage with a huge interest that you will have to pay back over years if not decades to come, especially if you have a convenient alternative which is renting. The whole banking system is also much more rigorous from what I can see. Unlike in the UK for example, where you are almost encouraged to make debts and credit cards and are thrown after you as soon as you are eligible.

Love ur videos

I think, the mindse of the NZ is right. And the thought of a forever home is great, but yourself and what you want changes, n this situation you buy a new home. I really love that mindset🤩

A house or apartment that you own only makes sense if you live in it yourself and it fits you well. Then cost of maintenance and repairs are about half of what you had to pay if you rented it. If you don't live in it yourself and lease it as a landlord or try to sell it, that turns into very hard work and risky business. You would only buy or build a house if you have to accommodate a familiy of three or more kids. Because you will never find a rented flat which you can afford and managing mortgages etc. is the only option.

Awesome topic

Renting, since February 2006, here in America (suburban Chicago) and all my apartment's wall are white. Can't change the color, but the landlord does allow small nails to hang pictures and I now have a lot of my granddaughter who is going to school in Belgium.

What many people forget: After buying a house, you are NOT done spending money. You have to get repairs if something is broken (as a renter, the landlord has to pay for it if it isn't just a very small amount). If you live there for a longer period, you will have do pay for expensive renovations, for example get new windows and someday a new roof. This costs SO much money! Plus all the work you have to do for research, contacting craftspeople, comparing their offers, choosing one, making appointments ... In the end, renting can be cheaper than buying a house in the long run. Yes, you might be able to never do anything and let your house rot, but you won't be able to sell it for much money or at all then. Oh, and do not forget that the city can make you pay if they decide to renovate the street that your house is placed in ... can be extremely expensive and you cannot do anything about it, you have no say in it. I live in my own home now but renting was definitely easier and less work. I'm lucky that my father has worked in the real estate business and can help me out with some knowledge.

Renting is so expensive in NZ too though! We couldn't actually afford to rent! Both options are fairly complicated here I think!

I’m polish, living in Germany for 5 years now. Both my husband and I are working in IT. This year we’ve bought a house at the seaside - village vibes 😅 Let’s hope that remote work will be possible in the future. Otherwise we will be forced to sell the house and come back to big city and rent again. We don’t want a property with 30-year loan, so we won’t buy anything in the city and suburbs.

Because after working like a horse to pay the credit, 70% divorce and the house is gone. Love is like a Hurricane it starts with soft blows and after some while the house is gone

Renting a flat in Berlin since 2016 in a gorgeous part of Berlin Prenzlauer Berg. Honestly I feel like I hit the Jackpot already even though it’s a “rent” cause you simply can’t find anything in that price range around here anymore whatsoever. So feel like the luckiest girl in the hood although I “only” rent 😂❤

In fact landlords in Germany can only kick out their tennants if they have severe r easons, especially if rent is not paid. Otherwise they need to have a so called legitimate interest to quit the contract. The 2 most common examples are termination of the contract because of own use (for example the landlords or his kids want to use the apartment) or if the landlord is prevented from appropriately commercially exploiting the house or condominium due to the continuation of the rental agreement and he suffers significant disadvantages as a result. So as renter you are really safe that you may never in your life have to move out. And the landlord has to take care of all major renovations, so you can plan your budget formany years ahead. Heating failure? Problem of landlord. Windows leaky? Problem of landlord. All this plus the exorbitantly high prices for houses and ground make me a renter by heart!

Will you share grocery haul again

Very interesting!!! Here in the USA people hope to buy a home. The problem with owning is the large reponsibilitrty it is. I once owned a home....as an elderly person, I prefer to rent. There is much less responsibility.

In a few days, people I know will be moving into a rental apartment after owning their own house for 25 years. But now that the children are out of the house and old age is just around the corner, they no longer see the point in maintaining a house. And the future investments to bring the house up to energy standards also contribute to the fact that they have decided to rent again and would rather invest the money in travel.

A lot of what you say about New Zealand, also seems to be very similar in Australia. I have one question. If a lot of people are renting, then there must also be a lot of landlords around. Does this mean there are a lot of people who not only own their own home, but also own an investment property? This means that the difference between the rich and the poor- the property owners and the tenants, is getting bigger 😮 This is happening in Australia too.

You cant paint or do things like that if a tenant in Australia.

I rent in NZ (akl) and it is shit.

Yea, difficult all around the world. But i would think that is a much lesser problem in new zealand than in germany?

Who wants to compare the standards of a New Zealand home versus a german built one ? That are 2 worlds, far higher costs here as quality is also better. And you mix things up like the thumbnail which was about DREAM while the title is about preferences. End of WW2 was a different topic than you described for example 3:47 shows a new build settlement usually for Aussiedler which meant german refugees from occupied territories that were lost. These were homes to buy, not for rent. We have many of these settlements here, same age, same style all owned by the builders or those who got it from them - and if they no longer live there then they will offer it for rent, especially older ones. The key point of the past can be found back in 2002 when Chancelor Schröder won his 2nd election and cut costs. There was a program of 20 K grants for everyone to buy or build a house or appartment. The more children the more money would be gtranted by the government. That has been cut.

you can‘t really own land. and wasting your life for property makes banks happy, not yourself.

Wow this was a super interesting video! As a New Zealander, I would love to just rent a home until I find a house perfectly suited to me but the situation here just makes that so hard because of issues around renters’ rights and the lack of high quality/long-term rentals, as well as the financial incentive of owning your own home. The rhetoric around ‘getting on the property ladder’ is just so ingrained in us! However, with a few improvements to renting rights and the interest rates going crazy right now I’ll be interested to see whether renting becomes seen as a more secure or viable long-term option for New Zealanders. A few small corrections, because some renting rights issues here in Aotearoa have been rectified recently - you can make minor changes to your property now as long as they don’t damage the property; we have new ‘Healthy Homes’ standards which demand that landlords have to provide a heating appliance and meet insulation and window requirements; landlords have to give 24h notice before visiting and rent increases have been limited to once every 12 months. Definitely not up to the standard that Germany and some other European countries have but it’s a step in the right direction!

You've already summed that up very well. I'm turning 21 now and I wouldn't be able to afford my own house in Germany. The purchase price itself would not even be the big problem, it is rather the fixed costs incurred. Then I would also have to pay for all the repairs myself, etc. All this would only be feasible with very expensive loans and I would have to pay back a large amount every month for 30 or 40 years. What if I become unable to work or lose my job? I would be rid of the house and would still be sitting on very high debts.

in switzerland, the government fights home ownership, because its bad for the economy 🤷🏻‍♂️

Hallo Antoinette, da hast du dir ja wieder ein sehr interessantes Thema ausgesucht. Und auch ein paar wirklich schlüssige Antworten gefunden wieso die Deutschen ihre Wohnungen beziehungsweise Häuser lieber mieten als kaufen. Aber du hast recht, das Thema ist weitaus vielschichtiger. Dass sehr viele Deutsche sich einen Hauskauf beziehungsweise Hausbau nicht leisten können, liegt zum einen natürlich auch an den hohen Kosten für ein Eigenheim. Die zum einen durch die recht strengen Bauvorschriften in Deutschland, andererseits aber auch durch die Kreditaufnahme bei einem Hauskauf entstehen. Sehr viele Menschen können einfach nicht Jahrzehnte sparen um sich ein Haus zu kaufen. Und wenn man es von der Bank finanzieren lässt, dann kostet es durch die enorm hohen Zinsen gleich doppelt so viel. Und man zahlt Jahrzehnte, bis einem das Haus dann wirklich gehört. Attraktiv ist das sicher nicht, wenn man bis fast zur Rente sein Haus abzahlen muss. Und dann auch noch die Banken so viel Geld kassieren. Die Vorteile die deutsche Mieter gegen Mieter aus anderen Ländern haben, hast du sehr gut erklärt. Das ist einem Deutschen eigentlich gar nicht so bewusst. Angesichts der weltweiten Lage momentan und besonders auch durch den momentanen sozialen Raubbau der Politik in Deutschland, sieht man als Deutscher heute oft nur das negative in diesem Land. Aber es gibt eben auch noch sehr viel Positives, das Deutschland von anderen Ländern abhebt. Danke dass du durch deine Videos zumindest meine Sicht der Dinge immer wieder gerade rückst! (translate with deppL) Hello Antoinette, you have chosen a very interesting topic again. And you've also found some really conclusive answers as to why Germans prefer to rent their apartments or houses rather than buy them. But you're right, the topic is much more complex. The fact that many Germans cannot afford to buy or build a house is, on the one hand, due to the high costs of owning a home. On the one hand, this is due to the rather strict building regulations in Germany, and on the other hand, it is also due to the borrowing involved in buying a house. Very many people simply cannot save for decades to buy a house. And if you have it financed by the bank, then it costs twice as much due to the enormously high interest rates. And one pays decades, until one the house then really belongs. It's certainly not attractive if you have to pay off your house until almost retirement. And then the banks also collect so much money. The advantages that German tenants have against tenants from other countries, you have explained very well. A German is actually not so aware. In view of the global situation at the moment and especially by the current social robbery of politics in Germany, one sees as a German today often only the negative in this country. But there is also a lot of positive things that distinguishes Germany from other countries. Thank you that you always straighten at least my view of things through your videos!

Why many Germans don't have their own house. 1. Statistically speaking, there are 236 residents per square meter/km. This makes the land expensive. 2. Many houses were bombed during World War II. 3. After the war, 14 million people were expelled, student Germans, Silesia, East Prussia, etc. They all needed living space. 4. Will our houses be built differently. Made of stone or concrete. Join in Double glazed windows, wall insulation, heating, roof tiles.

Make a video please about how All Blacks lost the world cup final😂😂😂😂

promo sm 🌟

I'm an English woman married to a German and have lived here 40 years. The attitude in England is pretty much the same as in NZ when it comes to housing. Most people aim to buy a small house and upgrade when they can afford to. We do own our house but previously rented. I have a couple of more reasons as to why many Germans prefer to rent. One ,that may not be as common now as it was say 20 years ago, is that houses tend to be passed from generation to generation and adult children will rent until their family house passes to them.Another is that renting a house/flat frees you of the burden of paying for upkeep and repairs as generally the Landlord is responsible for that. We often say that we would be richer if we'd stayed in rented accommodation as we have invested a lot of money in our house over the past 25 years. I know it can be sold and the money is ours but that is dependent on the market and I know one or two people who have recently sold at a loss. It's swings and roundabouts but with hindsight I think if we were starting out we would not buy again , spent our money on more holidays etc. and been in a better financial situation to support our children in the present and avoided inheritance tax that they will have to pay when we've gone. Owning your own home seems initially to make sense but costs and costs over the years, and now we are waiting for our Gas boiler to die and have the headache of replacing it with heaven knows what but certainly thousands of euros!

NZ just had elections. the winners hate renting, its appaling