Grace Wong Bucchianeri addresses these questions using a survey conducted in Franklin County, Ohio. This survey has time use data, include various measures of happiness throughout a sample day for women in rented or owned single houses. Along with all sorts of other controls, the focus here is to determine whether home owners are different from renters. And the results are:
- Happiness: home owners are not happier in any dimension. In fact, they appear to suffer more pain from house and home than renters.
- Self-esteem: no difference between ownership categories.
- Health: home owners are less satisfied about their health, and for a good reason: they a fatter, for an average of twelve pounds.
- Time use: home owners have less leisure, spend less time friends, and like it less when they do.
- Relationship: home owners are less happy with their partner, and with other people in general.
- Participation in civic activities: no differences.
- Neighborhood: home owners suffer less pain from their neighborhood. Finally a positive...
So why is the American Dream so heavily subsidized again?