Germans can’t afford their gold-plated homes


Unusually for such a wealthy country, Germany is a nation of tenants. — Bloomberg

Facing a third year of economic stagnation and a growing shortage of affordable homes, Germany’s next government must confront some unpalatable truths: Construction has become too expensive and complex, and excessive regulation is partly to blame.

Fortunately there’s an alternative – allow builders to deviate from burdensome standards.

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