Homeownership Has Its Benefits
Improved educational performance, higher civic participation, lower crime rates, and greater health remains the biggest social benefits linked to homeownership. Take a look at home ownership impact in these areas.
Homeowners and their children tend to be happier and healthier than non-homeowners.
One reason may be the wealth-building effect of homeownership and the sense of control it brings.
Research has confirmed homeowners have a lower instance of involvement in crime than non-homeowers.
Homeowners tend to accrue wealth and save more money – such financial practices area associated with lower rates of homeowners’ children dropping out of school.
Homeowners remain more likely to participate in local elections and civic groups than renters.
Source: “Social Benefits of Homeownership and Stable Housing,” The Journal of the Center of Real Estate Studies.
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11015 Kittridge Street Unit 115