Tenants in Greece and Hungary are overburdened with housing costs. Countries with inefficient welfare state show very high rates of home ownership. Exactly because the channeling of savings towards acquiring a home is a very important dimension for human life itself due to state deficiencies and the lack of redistributive policies. It’s linked to a deeper structural problem in both countries and impacts young people the most as they cannot afford their own housing and are forced to cohabitation.
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