The Psychology of Homeownership: Does Owning a House Really Matter?

Nothing in peoples’ lives can be evaluated separately from psychology. When it comes to buying a house, which is the most expensive purchase of life, the impact of psychology becomes more critical. This chapter focuses on psychological, sociological, and economic aspects of homebuying, including satisfaction, self-esteem, happiness, mental well-being, physical health, sense of identification, and more. An answer is also sought for the buying and renting dilemma, which is discussed from a financial perspective.