Few Western countries are as conservative about home ownership as Germany, where less than half the country's citizens own property.
German banks have tough lending rules. Would-be buyers are usually asked to provide hefty down payments to secure mortgages, meaning few Germans even think about buying a home until they are settled and financially secure.
But the European debt crisis appears to be changing the traditions around home ownership. The resulting surge in homebuying, some officials warn, is driving prices too high and threatens the nation's economy.
Vice President Joe Biden leads the first meeting of the working group to explore solutions following the Newtown shooting with Philadelphia Police Commissioner Charles Ramsey and other law enforcement leaders on Dec. 20.
Credit Drew Angerer / Getty Images
Vice President Joe Biden arrives for a closed-door meeting with Senate Democrats to urge them to support a fiscal cliff deal on Monday.
On the tough side of Terpsichore Street in New Orleans stands a duplex — a two-story, wood-framed building with wood floors, high ceilings and a nice fireplace. But this old house is empty: no furniture, no walls, no electricity, no toilet. Iron bars hide the windows; there's a lockbox on the door. The facade is three different shades of blecch, blurgh and blah.
Old Aristocracy Hill isn't a part of Springfield, Ill., that draws a lot of attention. The quiet neighborhood dates back to before the Civil War, its historic homes now carefully preserved by proud business owners.
But outside a stately funeral home, a large black-and-chrome Harley Davidson motorcycle trike pulls out of the parking lot, towing a matching casket in its glass-sided trailer.
It's not something you would expect to see, but it's exactly what 67-year-old Lew Bird says his friend Dave Rondelli wanted: one last ride.