What’s the homeowner equity situation like in Germany?
I don’t know for today but in 2002 it was over 65% (a little more in the east) of peoples equity. That number referres only to homes that are used by the owner.
There’s a strong tendency for building expensive homes in swabia - a quite rich area of germany - there the numbers for home equity that are NOT in self usage are higher then in other areas. In the relatively poor east homes and land is so cheap - it’s the first thing people will buy - especially because they know times when private property was extremely restricted.