>>2892138
>>2892138
I think the economics certainly plays a role.
Just for curiosity, let's compare American and German housing affordability:

Germany:
>Median gross full-time salary: €51,876 ($54,363) per year
>Median net full-time salary: Approx €30,000 per year
>Median home price per square meter: Approx €5000

United States:
>Median gross full-time salary: $62,000 (€59,163) per year
>Median net full-time salary: Approx $54,000 (€51,529) per year
>Median home price per square meter: Approx $2400 (€2290)

This means that 1 square meter of house costs the median American 4.44% of their annual net salary, compared to the median German's 16.66% ; 3.75x more.
So, for our median American to buy a 150 square meter home (1600 sq ft), that will be about $360k. Sounds about right. Apply the 3.75x (un)affordability factor, and the median German buying a 150 square meter home is like Joe Burger paying $1.35 MILLION. Holy shit.

The statistics are the best that I could find - one of the things that makes such a big difference is the far higher income taxes in Germany.

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