Jung buys old: traffic light coalition encounters resistance in the promotion of ownership

Jung buys old: traffic light coalition encounters resistance in the promotion of ownership
The effects of the "Jung buys old" funding program on the apartment crisis
On September 3, 2024, the new funding program "Jung Bauens ALT" will be launched, which was initiated by the traffic light coalition. This program aims to support families with at least one child in acquiring existing real estate. While the idea of using older living space as the basis for property looks positive at first glance, there are critical voices that warn of the challenges and possible negative consequences of this initiative.
The German Environmental Aid (DUH) has clearly spoken out against the program. Barbara Metz, the federal manager of the DUH, argues that "Jung buys old" is not an effective means of combating the current housing crisis. According to Metz, the dangerous idea is behind this approach that people from urban areas should be displaced in order to relax the housing market. She emphasizes that real solutions for the apartment crisis can only be achieved by creating affordable living space within the cities.
A central problem is the focus of the program on property formation. While the initiative could help young families to acquire their own real estate, it could also lead to investments in the necessary renovation and increase in existing buildings. Metz calls for socially friendly renovation funding that not only supports the preservation of old buildings, but also drives climate protection in the building sector.
The program stipulates that the funded buildings have an energy certificate with efficiency class F or worse. These must then be brought to the energetic standard "Efficiency House 70". This means that a renovation must be considered to improve energy efficiency. Nevertheless, according to DuH, the funding for this necessary renovation remain insufficient, especially in view of the massive cuts in the climate fund.
The debate about "Jung buys old" also raises questions about the distribution of resources. In this approach, critics of the promotion of ownership see a potentially dangerous inequality that benefits from wealthy families in particular, while less financially provided households are left out. Metz pleads to realign the funding policy and create incentives that will benefit all citizens, especially in urban centers, where the need for affordable living space is most urgent.
Overall, it remains to be seen how the program "Young buys old" will have an impact in practice. While the promotion of property can support young families, the question of whether they actually contribute to solving the housing crisis or whether a fundamentally new approach is needed, which in the foreground and improve the improvement of existing residential structures.