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Short History of the German Thrift and Home-Ownership Movement

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German Yearbook on Business History 1982

Part of the book series: German Yearbook on Business History 1982 ((BUSINESS,volume 1982))

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Abstract

The German thrift and home-ownership system came into being in the wake of World War I as a self-help movement designed to assist in overcoming a twofold distress situation: a dire need of housing and a dearth of house-building funds. Owing to the complete interruption of house-building and house-preservation works during the war and the immediate post-war period, and further owing to the influx of people from the ceded territories, the uncovered demand for housing in Germany had accumulated to an estimated 800000 units by the end of 19231. Commercial private-sector house-building was unable to meet this demand because the interest rates on the required mortgage loans, once war and inflation had made havoc of the capital market, were so high that the resultant rents would have been well out of the financial reach of broad strata of the population.

Legislation as per November 1, 1981.

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© 1982 Gesellschaft für Unternehmensgeschichte e. V., Köln

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Lehmann, W. (1982). Short History of the German Thrift and Home-Ownership Movement. In: Engels, W., Pohl, H. (eds) German Yearbook on Business History 1982. German Yearbook on Business History 1982, vol 1982. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-68792-1_6

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  • DOI: https://doi.org/10.1007/978-3-642-68792-1_6

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-68794-5

  • Online ISBN: 978-3-642-68792-1

  • eBook Packages: Springer Book Archive

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