home ownership
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home ownership
A property, such as a house or apartment, that belongs to the person who lives in it.
Der Erwerb von Wohneigentum ist für viele ein wichtiger Schritt zur finanziellen Absicherung im Alter.
Acquiring home ownership is an important step for many people toward financial security in old age.
The word is made up of 'wohnen' (to live/reside) and 'das Eigentum' (property/ownership). So it describes property—a house or apartment—that is used for living in.
Sie träumen davon, eigenes Wohneigentum zu besitzen.
They dream of owning their own home.
'Wohneigentum' (home ownership) is a rather formal and official term. You often find it in contracts, news reports, and political discussions about real estate.
Die Regierung plant eine neue Förderung für den Kauf von Wohneigentum.
The government is planning a new subsidy for the purchase of residential property.
Common verbs connected with 'Wohneigentum' (home ownership) are 'erwerben' (to acquire), 'schaffen' (to create), 'besitzen' (to own), and 'fördern' (to support/promote).
Viele Familien möchten für ihre Kinder Wohneigentum schaffen.
Many families would like to create home ownership for their children.
property / ownership
'Eigentum' and 'Wohneigentum' both have to do with legal ownership. 'Eigentum' is the general term for anything that belongs to someone. 'Wohneigentum' means an apartment or house that belongs to the person who lives in it. The words can be confused because home ownership is a type of property. If you are speaking generally about possessions or ownership, use 'Eigentum'. If it is specifically about your own apartment or house for living in, 'Wohneigentum' fits.
Viele Familien sparen lange für Wohneigentum.
Many families save for a long time to buy their own home.
Das Grundstück ist Eigentum der Stadt.
The plot of land is the property of the city.