homeownership rate and conservative house price development, Germany represents a least-likely case for housing to be of importance …Traditional predictors of election outcomes in Germany are increasingly losing their explanatory power. Rather than new … cultural divides, this paper introduces the idea of housing cleavages, i.e., homeownership versus tenancy and high-price versus …

The homeownership rate in Germany is one of the lowest among advanced economies. To better understand this fact, we … analyze the role of three specific policies which discourage homeownership in Germany: an extensive social housing sector with … payments by owner-occupiers. We build a lifecycle model with uninsurable income risk and endogenous homeownership in order to …