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Making the housing decision requires careful consideration of both the financial and nonfinancial impacts, and the way that they interact with each other. There is no universally right way to approach housing. In many cases, contrary to conventional wisdom and societal pressure, renting is a better option than owning, both financially and from the perspective of subjective wellbeing.

Referenced in this video:
Extrinsic Value Orientation and Affective Forecasting: Overestimating the Rewards, Underestimating the Costs https://sdtheory.s3.amazonaws.com/SDT...
Does the Dream of Home Ownership Rest Upon Biased Beliefs? A Test Based on Predicted and Realized Life Satisfaction https://papers.ssrn.com/sol3/papers.c...
The American Dream or the American Delusion? The Private and External Benefits of Homeownership for Women https://papers.ssrn.com/sol3/papers.c...
Homeownership and Happiness: Evidence for Switzerland https://digitalcollection.zhaw.ch/bit...
The relationship between homeownership and life satisfaction in Germany https://www.econstor.eu/bitstream/104...
Is a FixerUpper Actually a Downer? https://www.tandfonline.com/doi/full/...
If Money Doesn't Make You Happy Then You Probably Aren't Spending It Right https://scholar.harvard.edu/files/dan...
The relative relativity of material and experiential purchases https://pubmed.ncbi.nlm.nih.gov/20053...
The McMansion Effect: Top House Size and Positional Externalities in U.S. Suburbs https://papers.ssrn.com/sol3/papers.c...
Book: Happy Money https://dunn.psych.ubc.ca/bookhappy...
Shelter in the Canadian CPI: An overview https://www150.statcan.gc.ca/n1/pub/6...
Theory of Homes and Jobs https://warwick.ac.uk/fac/soc/economi...



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