"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," Bucchianeri writes. "The average homeowner, however, consistently derives more pain (but no more joy) from a house and home."
An interesting portrait of homeowners emerges from my analysis. While homeowners report higher life satisfaction, more joy from both home and neighborhood and better moods on an unadjusted basis, these promising differences become insignificant and much smaller in magnitude once I control for a basic set of confounding factors: household income, housing value and health status. Overall, I find little evidence that homeowners are happier by any of the following definitions: life satisfaction, overall mood, overall feeling, general moment-to-moment emotions (i.e., affect) and affect at home. The average homeowner, however, consistently derives more pain (but no more joy) from their house and home. Although they are also more likely to be 12 pounds heavier, report a lower health status and less joy from health, controlling for the less favorable health status does not change the results. My findings are robust to controlling for financial insecurity. Therefore, unadjusted differences in homeowners’ well-being might have played an important role in establishing the popular beliefs about the American Dream. To help understand these surprising results, I investigate the homeowners’ time use pattern, family and social lives. The average homeowner tends to spend less time on active leisure or with friends, experience more negative affect during time spent with friends, derive less joy from love and relationships and is also less likely to consider herself to enjoy being with people. My results support neither the perception of gregarious homeowners nor that of housework-burdened homeowners. In this paper, homeowners are also shown not to be significantly different in terms of civic participation or social connectedness.What is the response:
FOR THE LAST TIME, FOR FUCK'S SAKE, CORRELATION DOES NOT EQUAL CAUSATION!Well done, you, reading a 38 page analysis, nicely cited and referenced, in -- my goodness -- seven minutes.
DAVID HARVEY: ...I mean, we have a myth in this country that homeownership is the gospel, as it were. But for a lot of people, homeownership is not a good idea. And I think, actually, it’s not a good idea in general.Link.
AMY GOODMAN: Why?
DAVID HARVEY: For two reasons. One is, it makes you actually very vulnerable if you’re a heavily debt-encumbered homeowner. And actually, the initial legislation was kind of interesting, the debate around it back in the 1930s, when it kind of said debt-encumbered homeowners don’t go on strike, and because it’s—you know, you’ve got to pay your mortgage. And so, this becomes, as it were, a millstone around your neck. And that then makes you very vulnerable to fluctuations in the market like we’re seeing right now, particularly if you have variable rate mortgages, things of that kind, and you can really easily get caught out...
« Older Douglas Rushkoff was mugged on Christmas Eve.... | Lightlane builds lasers that s... Newer »
This thread has been archived and is closed to new comments
posted by nosila at 11:23 AM on June 24 [3 favorites has favorites]