Short answer? Cultural differences. In the US owning home is essentially synonymous with the "American Dream".
A few Europeon countries have higher or equal rates of home ownership... but not many.
That and an concentrated effort to improve minority home ownership... which is started up again because the GFC basically devastated minority home ownership to pre-1990 levels.
Even just getting rid of "signing" bonuses doesn't work. Since if you did that nobody would ever lend to peole remotely risky since all that could happen is defaults that hurt your record.
It'd be interesting to see minority home ownership levels in europeon countries.... yet i can't really find any reports. If similar to pay and unemployment gap differences i'd guess a decent amount of europeon countries are worse off... but it's likely not seen as bad as a problem since people don't see owning as essential.
A lot of europe just seems to have real issues with race based statistics actually. (And integration coincidentally.)
