The Psychology of Homeownership: Does Owning a House Really Matter?

Levent Sümer ()
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Levent Sümer: Boğaziçi University

Chapter Chapter 2 in The Global Housing Crisis, 2024, pp 17-28 from Springer

Abstract: Abstract Nothing in peoples’ lives can be evaluated separately from psychology. When it comes to buying a house, which is the most expensive purchase of life, the impact of psychology becomes more critical. This chapter focuses on psychological, sociological, and economic aspects of homebuying, including satisfaction, self-esteem, happiness, mental well-being, physical health, sense of identification, and more. An answer is also sought for the buying and renting dilemma, which is discussed from a financial perspective.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-72604-0_2

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DOI: 10.1007/978-3-031-72604-0_2

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