Homeownership Linked to Happiness

Terry Learner

Based on data from the OECD Better Life Index, homeownership in the U.S. can lead to higher levels of subjective well-being. Translation: homeownership is linked to happiness.

The Better Life Index gauges worldwide development, zeroing in on quality of life indicators that affect global progress – housing, jobs, civic engagement, health and safety, to name a few. The objective? To answer to the age-old question: How’s life?

At face value, this assessment is dead-on – most agents can attest to smiling faces when first-time buyers become homeowners – but that heightened sense of well-being may be more closely tied to our basic need for shelter, according to Aida Caldera Sánchez and Caroline Tassot, authors of a recent Index analysis. And, when viewed through American Dream-colored glasses, homeownership lends itself to status and independence, qualities that resonate with those seeking to better their lives. Continue reading at http://blog.rismedia.com/2015/homeownership-happiness/

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