{"id":152,"date":"2019-09-27T17:06:54","date_gmt":"2019-09-27T17:06:54","guid":{"rendered":"http:\/\/phphouses.com\/blog\/?p=152"},"modified":"2019-09-27T17:06:56","modified_gmt":"2019-09-27T17:06:56","slug":"homeowners-are-happy-renters-not-so-much","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/homeowners-are-happy-renters-not-so-much\/","title":{"rendered":"Homeowners Are Happy! Renters? Not So Much."},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" loading=\"lazy\" width=\"750\" height=\"410\" src=\"https:\/\/phphouses.com\/blog\/wp-content\/uploads\/2019\/09\/20190926-Share-KCM.jpg\" alt=\"\" class=\"wp-image-153\" srcset=\"https:\/\/phphouses.com\/blog\/wp-content\/uploads\/2019\/09\/20190926-Share-KCM.jpg 750w, https:\/\/phphouses.com\/blog\/wp-content\/uploads\/2019\/09\/20190926-Share-KCM-300x164.jpg 300w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><\/figure>\n\n\n\n<p>When people talk about homeownership and the American Dream, much of the conversation revolves around the financial benefits of owning a home. However, two recent studies show that the non-financial benefits might be even more valuable.<\/p>\n\n\n\n<p>In a&nbsp;<a href=\"https:\/\/info.bankofamerica.com\/homebuyers-report\/\" target=\"_blank\" rel=\"noreferrer noopener\">recent survey<\/a>,&nbsp;<em>Bank of America<\/em>&nbsp;asked homeowners:&nbsp;<em>\u201cDoes owning a home make you happier than renting?\u201d<\/em>&nbsp;93% of the respondents answered yes, while only 7% said no. The survey also revealed:<\/p>\n\n\n\n<ul><li>More than 80% said they wouldn\u2019t go back to renting<\/li><li>88% agreed that buying a home is the&nbsp;<em>\u201cbest decision they have ever made<\/em>\u201d<\/li><li>79% believed owning a home has changed them for the better<\/li><\/ul>\n\n\n\n<p>Those surveyed talked about the \u201cemotional equity\u201d that is built through homeownership.&nbsp;The study says more than half of current homeowners define a home as a place to make memories, compared to 42% who view a home as a financial investment. Besides building wealth, the survey also showed that homeownership enhances quality of life:<\/p>\n\n\n\n<ul><li>67% of current homeowners believed their relationships with family and loved ones have changed for the better since they bought a home<\/li><li>78% are satisfied with the quality of their social life<\/li><li>82% of homeowners said they were satisfied with the amount of time they spend on their hobbies and passions since purchasing a home<\/li><li>75% of homeowners pursued new hobbies after buying a home<\/li><\/ul>\n\n\n\n<p>Homeowners seem to be very happy.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Renters Tell a Different Story\u2026<\/strong><\/h4>\n\n\n\n<p>According to the latest&nbsp;<a href=\"https:\/\/www.zillow.com\/research\/renter-regrets-24285\/\" target=\"_blank\" rel=\"noreferrer noopener\"><em>Zillow Housing Aspirations Report<\/em><\/a><em>,&nbsp;<\/em>45% of renters regret renting rather than buying \u2014 more than five times the share of homeowners (8%) who regret buying instead of renting. Here are the four major reasons people regret renting, according to the report:<\/p>\n\n\n\n<ul><li>52% regret not being able to build equity<\/li><li>52% regret not being able to customize or improve their rentals<\/li><li>50% regret that the rent is so high<\/li><li>49% regret&nbsp;that they lack private outdoor space<\/li><\/ul>\n\n\n\n<p>These two studies prove that renting is just not the same as owning.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Bottom Line<\/strong><\/h3>\n\n\n\n<p>There are both financial and non-financial benefits to homeownership. As good as the \u201cfinancial equity\u201d is, it doesn\u2019t compare to the \u201cemotional equity\u201d gained through owning your own home.<\/p>\n\n\n\n<p>Contact us:<br><a href=\"https:\/\/phphouses.com\/\">PHP Houses<\/a><br>142 W Lakeview Ave<br>Unit 1030<br>Lake Mary, Fl 32746<br>Ph: (407) 519-0719<br>Fax: (407) 205-1951<br>email:\u00a0<a href=\"https:\/\/phphouses.com\/contact.html\">info@phphouses.com<\/a><\/p>\n\n\n\n<p>Let\u2019s connect:<br><a href=\"https:\/\/www.facebook.com\/WeBuyHousesCentralFlorida\/\">Facebook<\/a><br><a href=\"https:\/\/www.linkedin.com\/in\/walter-diloreto-71b2422a\/\">Linkedin<\/a><br><a href=\"https:\/\/twitter.com\/WalterDiLoreto\">Twitter<\/a><br><a href=\"https:\/\/www.instagram.com\/wdiloreto\/\">Instagram<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When people talk about homeownership and the American Dream, much of the conversation revolves around the financial benefits of owning a home. However, two recent studies show that the non-financial benefits might be even more valuable. In a&nbsp;recent survey,&nbsp;Bank of America&nbsp;asked homeowners:&nbsp;\u201cDoes owning a home make you happier than renting?\u201d&nbsp;93% of the respondents answered yes,&hellip; <a class=\"continue\" href=\"https:\/\/phphouses.com\/blog\/homeowners-are-happy-renters-not-so-much\/\">Finish Reading<span> Homeowners Are Happy! Renters? Not So Much.<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[36],"tags":[18,27,34,32,40,20,5,13,19,39],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/152"}],"collection":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/comments?post=152"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/152\/revisions"}],"predecessor-version":[{"id":154,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/152\/revisions\/154"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}