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List of Countries by House Ownership

5 pointsby damnencryptionover 4 years ago

1 comment

refurbover 4 years ago
This is a pretty interesting list and I&#x27;m curious about some of the reasons for the differences.<p>How was housing handled in the former USSR states? Were people residing in houses given an opportunity to purchase? Or just given title?<p>I know in Singapore, most of the housing is developed by the gov&#x27;t (HDB) with assistance provided for home ownership. Outside of that system, housing is ridiculously expensive. New 1 bedrooms go for over $1M SGD, which is pricier than San Francisco.<p>The one oddity with Singapore housing is most of it is built on land owned by the gov&#x27;t and a 99-year lease. Since Singapore only became it&#x27;s own country in 1963, some of those 99-year leases are getting to the point of having less than owner&#x27;s lifetime left. From what I&#x27;ve read, the gov&#x27;t either allows the owner to purchase additional lease duration or the property is acquired by a developer looking to remove the old building and build a new one, with a new 99-year lease.
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