Hey buyers: Don't worry, be happy!
From Curbed.com blog
By Curbed.com, Friday, June 12, 2009.
A Wharton professor's study found that renters may be happier than homeowners, and here's the kicker: The research is based on data collected before the market soured.
From the professor's summary: "Overall, I found little evidence that homeowners are happier by any of the following definitions: life satisfaction, overall mood, overall feeling, general moment-to-moment emotions, and affect at home. The average homeowner, however, consistently derives more pain (but no more joy) from a house and home."
Reposted with permission from Curbed.com. Click here to view original post.
Copyright (c) 2009 Curbed.com LLC
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Submitted by Judy Orr on June 16, 2009 - 6:58am.
Oh, I remember my days as a renter and how I could taste owning a home. I hated renting! I hated not being able to decorate the way I wanted to. I wanted a yard to tend and be able to have pets (without sneaking) and a garage.
Maybe home ownership doesn't cure a person's life problems or personality traits, but I was always happier owning my own home vs. renting.
I understand in today's market many feel like owning a home is like throwing money down the drain - the way renting has been described (or making your landlord rich). But I'd rather throw money down my own drain than someone else's.
Judy Orr
Classic Realty Group
Oak Lawn Homes For Sale