> It doesn't factor in lost opportunities due to the increase in expense and hassle of relocation.
Selling my residence is so far down my personal list of "frictions to relocation" as to be irrelevant. I hate moving, period. So does my wife.
I also personally do not see having to dispose of a property when moving as that big a deal. Again, that's me.
> Renters are happier. That is worth something.
First off, the article doesn't say that. It says that owners are generally not any happier.
Second, it's one citation. You shouldn't be making absolute statements off one citation.
Third, the overall thrust of the research is the more general "experience > stuff". I find that to be a highly personal decision and not something where population studies can inform the individual.
Selling my residence is so far down my personal list of "frictions to relocation" as to be irrelevant. I hate moving, period. So does my wife.
I also personally do not see having to dispose of a property when moving as that big a deal. Again, that's me.
> Renters are happier. That is worth something.
First off, the article doesn't say that. It says that owners are generally not any happier.
Second, it's one citation. You shouldn't be making absolute statements off one citation.
Third, the overall thrust of the research is the more general "experience > stuff". I find that to be a highly personal decision and not something where population studies can inform the individual.