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65% homeownership rates
So basically the same as the UK with no subsidy?
Most attempts to subsidise mortgages make existing property and landowners richer without broadening the number of people that are able to buy. Sometimes they backfire by making deposit requirements bigger. See Help to Buy etc in the UK.
NickCJ
jaw
It encourages and accelerates homeownership so that people don’t need to rent. Take the Netherlands as an example, 65% homeownership rates and 30% social housing stock which is subsidised. Cars are pretty much taxed to death which they should be as they’re an unnecessary luxury.