Becoming an owner, a French dream that has not aged a bit.
At the beginning of the 20th century, in the former department of Seine which included, until 1968, Paris, Seine-Saint-Denis, Hauts-de-Seine and Val-de-Marne, less than 5% of our fellow citizens owned their homes
(1)
.
The real estate fever has now won over 36% of Parisians and nearly 45% of inhabitants of the inner suburbs.
Nationally, France has nearly 60% of owners.
They are not the champions of Europe, in Hungary or in Poland, their number is close to 90%, but they occupy the leading pack of individual property.
See also “All-inclusive real estate”: estimate your purchasing power and the real cost of your acquisition
A legacy of a peasant France which drew its wealth from land and which prospered with the increase in land. But also a symbol inherited from the French Revolution and the night of August 4, 1789 with the abolition of privileges. A dream of equality. In a more prosaic way, it is the society of credit for all open to households that has allowed the development of the phenomenon. Today, with interest rates at the bottom, savings accounts with low yields, stone has never had so much interest. This real estate frenzy amuses the most discerning financiers who see in this dream (our investigation by bringing to light the hidden costs of credit illustrates this perfectly) an illusion of wealth. Real estate is expensive, it is subject to tax and heavy taxes, just like its transmission.Wise stocks and investments can undoubtedly be much more rewarding. But it is still necessary to fully understand the financial mechanisms and have the means to lose the money invested in the stock market. Over time, a quality asset never depreciates, and it is a form of retirement insurance.
1. According to sociologist and historian Christian Topalov.
