 Urban History Matters: Explaining the German--American Homeownership GapHousing Studies, 2016, vol. 31, issue 6, 694-713 Abstract: The homeownership rate in the United States has continuously been about 20 percentage points higher than that of Germany. This homeownership gap is traced back to before the First World War at the urban level. Existing approaches, relying on socio-economic factors, demographics, culture or housing policy, cannot explain the persistence of these differences in homeownership. This article fills this explanatory gap by making a path-dependence argument: it argues that nineteenth-century urban conditions either began to create the American suburbanized single-family house cities or compact multi-unit-building cities, as in Germany. US cities developed differently from German ones because they lacked feudal shackles, were governed as “private cities” and gave easier access to mortgages and building land. The more historically suburbanized a city, the lower its homeownership rate today. Economic and political reinforcing mechanisms kept the two countries on their paths. The article’s contribution is to give a historical and city-focused answer to a standing question in the housing literature. Date: 2016 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:chosxx:v:31:y:2016:i:6:p:694-713 Ordering information: This journal article can be ordered from DOI: 10.1080/02673037.2015.1121213 Access Statistics for this article Housing Studies is currently edited by Chris Leishman, Moira Munro, Ray Forrest, Alex Schwartz, Hal Pawson and John Flint More articles in Housing Studies from Taylor & Francis Journals |
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