HOME
The financial and tax benefits of owning a home vs. renting are very clear. Home ownership also provides many benefits to the family, children and the community, such as increased education for children, lower teen-age pregnancy rate and a higher lifetime annual income for children, as discussed in the following articles and studies.
Selected Features of Social Benefits of Homeownership Urbanism
- Financial gain
- Stability
- Health benefits
- Benefits the children
- Social Benefits
Community Benefits
Personal and Social Stability Increase with Homeownership, (Epoch Times, Aug. 18, 2010).
The impact of housing on community: A review of scholarly theories and empirical research, (Joint Center for Housing Studies of Harvard University, Mar. 2006).
Social benefits of home ownership and stable housing, (NATIONAL ASSOCIATION OF REALTORS®, March 2011).
Social benefits of home ownership and stable housing (One-page summary)
Homeownership and its benefits, (Urban Policy Brief, No. 2, Aug. 1995).
Family Benefits
Home ownership = good life, (REALTOR® Magazine Online, May 2006).
Effects of homeownership on children: The role of neighborhood characteristics and family income, (FRBNY Economic Policy Review, June 2003).
The impact of homeownership on child outcomes, (Joint Center for Housing Studies at Harvard University, Oct. 2001).
A note on the benefits of home ownership, (Federal Reserve Bank of Chicago, June 1999).
Wealth Effect
In Defense of Homeownership, (New York Times, Aug. 27, 2010).
The House Lawyer: Consider buying a home rather than paying dorm rent, (Washington Post, Aug. 21, 2010).
Make the Most of Home Buyer Tax Credits, (The CPA Journal, May 2010). Q
Don't Tax the American Dream, (Mortgage Banking, Apr. 2010). Q
Shelter, or burden?; home ownership, (Economist, Apr. 18, 2009). Q
What are the tax benefits of owning a home, (Jill Wente & Company, Feb. 3, 2009).
Tax benefits of owning a home, (LendingTree.com, Aug. 6, 2007).
Your house just doubled in value? Don't uncork the champagne just yet!, (Business Review-Federal Reserve Bank of Philadelphia, First Quarter 2006). Q
6 top benefits of owning a home, (Bankrate.com, May 16, 2005).
Housing wealth effects: housing's impact on wealth accumulation, wealth distribution and consumer spending. , (NATIONAL ASSOCIATION OF REALTORS® —National Center for Real Estate Research, Nov. 2004).
Housing: an investment and a piggy bank for spending, (NATIONAL ASSOCIATION OF REALTORS®—National Center for Real Estate Research, Dec. 2003).
Real estate versus financial wealth in consumption, (NATIONAL ASSOCIATION OF REALTORS®—National Center for Real Estate Research, Mar. 2003).
eBooks & Other Resources
Books, Videos, Research Reports & More
The resources below are available for loan through Information Central. Up to three books, tapes, CDs and/or DVDs can be borrowed for 30 days from the Library for a nominal fee of $10. Call Information Central at 800.874.6500 for assistance.
The benefits of homeownership: The hidden advantages of having a place to call your own, (Texas REALTOR®, Mar./Apr. 2001).
Social benefits and cost of home ownership, (Research Institute for Housing America, May 2000, p. 217-232).
Social consequences of housing, (Journal of Housing Economics, Mar.-June 2000, p. 1-23).
Does home ownership by parents have an economic impact on their children?, (Journal of Housing Economics, Sept. 1999, p. 217-232).
Incentives and social capital: Are homeowners better citizens?, (Journal of Urban Economics, Mar. 1999, p. 354-384).
Economic and social returns to home ownership, (Real Estate Outlook, Feb. 1999, p. 10-11).
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