This paper looks at housing strategy in a wider social and economic context and argues that a household’s (class) position in society depends on important life decisions, one of the most important of which is a person’s employment strategy and preparation for the period of retirement (pensions), which is related to housing decisions. The main context of these decisions is the welfare regime, but also a country’s economic structure (varieties of capitalism) and housing system (tax and subsidy elements of programmes). However, as the paper argues, these systems are also changing in relation to the macro effect of individual decisions.