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

In: The Global Housing Crisis

Author

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  • Levent Sümer

    (Boğaziçi University)

Abstract

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.

Suggested Citation

  • Levent Sümer, 2024. "The Psychology of Homeownership: Does Owning a House Really Matter?," Springer Books, in: The Global Housing Crisis, chapter 0, pages 17-28, Springer.
  • Handle: RePEc:spr:sprchp:978-3-031-72604-0_2
    DOI: 10.1007/978-3-031-72604-0_2
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