There has been an uproar about the recent NAR commercial that cites some statistical advantages with reference to home ownership and happiness and well-being.
And while is easy to become self-righteous and indignant at the suggestion that there are benefits to home-ownership beyond dollars and cents, this may simply be a case of restating the obvious.
After all, people that purchase homes generally have adequate credit scores, a good job history, a savings history, and sufficient resources to meet their monthly obligations.
Also as a rule of thumb, it generally makes more financial sense to purchase a home if one plans on living in the same place for a longer period of time.
So it is OBVIOUS that homeowners typically have more stable living arrangements, and become more invested in the neighborhood and the communities in which they live.
It’s not BECAUSE they own a home that these things happen. It’s more of a case of the tail wagging the dog.
Because these positive life decisions are indeed more likely to include home ownership as part of their plans, it is obvious that home owners already enjoy these ancillary benefits.
Does that make any sense at all?