Study finds home ownership does not lead to happiness


Here's a stunning conclusion from a recently completed study by Grace. W. Bucchianeri of the Wharton School of Business: "The results show that after controlling for household income, housing quality, and health, homeowners are no happier than renters by any of the following definitions: life satisfaction, overall mood, overall feeling, general moment-to-moment emotions (i.e. affect) and affect at home, but instead derive more pain from their house and home."

Wow. So I'm not alone in feeling burdened by home ownership. The results of this study not only contradict the American dream of home ownership, they also call into question the value of the many government incentives that make it possible.