Portland Rent vs. Buy a Home – 2022 Statistics
January 21, 2022
Homeownership makes people happy. No really. Study after study shows that homeownership positively effects a person’s life in more ways than financial security. The below is a report from NATIONAL ASSOCIATION OF REALTORS® research division, article, “Social Benefits of Homeownership and Stable Housing.” Rohe and Stegman found that low-income people who recently became homeowners reportedhigher life satisfaction, higher self-esteem, and higher perceived control over their lives. 26But the authors cautioned on the interpretation of the causation since residential stability was notcontrolled for. Similarly, Rossi and Weber concluded that homeowners report higher self-esteemand happiness than renters. 27 For example, homeowners are more likely to believe that they cando things as well as anyone else, and they report higher self ratings on...