What countries besides the US have a very strong home ownership culture?
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Nearly every country in Asia, and it is FAR stronger than the US. As in, you can’t get married until you own a house.
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Canada
tradingeconomics.com/canada/home-ow
torontostoreys.com/2019/03/canada
> Despite dropping slightly from 2011, Canada’s overall home ownership rate in 2016 was 67.8 per cent. The U.S., by comparison had a home ownership rate of 63.4 per cent in 2016.
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Japan is up there, though this is often discounted by folks in the West, whose view of Japan is excessively weighted towards Tokyo. (Where homes are still reasonably inexpensive in comparison to other global financial centers, btw.)
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New Zealand, Australia, and Canada. Premium to own vs rent, high prices relative to income, still viewed as a default part of adult life.
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Least affordable intl housing markets by house price to income ratio
1 Hong Kong
2 Vancouver
3 Sydney
4 Melbourne
5 Santa Cruz, CA
6 San Jose, CA
7 Los Angeles
8 Tauranga/Bay of Plenty, NZ
9 Auckland
10 San Francisco
Demographia Intl Housing Affordability Survey 2019
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If you don't own in Canada, you're known as a feckless poor worm
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