this post was submitted on 06 Sep 2023
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Maybe in the US. In Germany this defintly isn't the rule. Many people own their own flats and a lot of people own 2-4 flats to rent them out as an extra income.
No, maybe you are in a more wealthy environment. It is not possible that everyone has multiple flats to rent out. In fact, Germany has one of the lowest ownership rates.
https://en.m.wikipedia.org/wiki/List_of_countries_by_home_ownership_rate
Where did I say "everyone"?
But it is defintly not a given that an apartment has to be the tool of a slum lord, the way they portrayed it to discredit the idea that appatments are a more sustainable way of living...
Apartments can be owned by the people who live in it and this is quite common in many countries.
If one person rents out 4 appartments, that means that at least 4 others do not own their home. It's the same with houses of course.
Germany is just a particularly bad example unfortunately. Low ownership is a problem because it increases wealth inequality, which is also worse in Germany than many other nations.
True, but even here their statement that "all of those apartments are owned by one person" is far from a given. Especially with new developments this is rarely the case, even here.