[dktp]

There was an interesting video by Ben Felix that makes a case that home ownership doesn't significantly (or at all) increase happiness - https://www.youtube.com/watch?v=0G_OSohLC_A

That being said housing has gotten worse for both buying as well as renting. I think there is a case to be made that having a place you feel comfortable/home in (whether rented or owned) affects people's wellbeing disproportionately.

[shmolyneaux]

Here's a follow-up video by Ben Felix posted more recently about the case for home ownership: https://www.youtube.com/watch?v=16eA5ebWMQQ

In the end, home ownership is more based around the kind of life you want to live than costs/benefits of the house as an asset. As a Canadian I see that many of my friends would choose to pay a lot more each month on the principle of a mortgage than they would ever save in a registered account.

[alexjplant]

> home ownership doesn't significantly (or at all) increase happiness

N=1 but for me it didn't. I'm probably repeating myself on this site but 70 years ago a home was a box that kept you out of the weather. Now it's an investment that you have to treat as a going concern. Many industries - contractors, window salesman, landscapers, HGTV, realtors, mortgage brokers, driveway pavers, deck builders, HOAs, etc. - have substantial swaths pushing this neo-feudalist "your home is your castle bro they aren't making more land" narrative so that people are socially pressured into dumping their life savings into a non-fungible asset then spending even more on ridiculous things like building pergolas and updating a 10-year-old bathroom to purportedly improve its value. Everybody's become a property speculator and wants to "get on the ladder".

The upshot is that I spent a lot of time and money on a bunch of stuff I didn't care about for my house because I was concerned with getting my money out of it when I sold. Conversely I chose not to pursue several interesting projects that I liked because they might have been dealbreakers to potential buyers. The whole thing is depressing. It's centered around building/projecting wealth and getting one over on the next guy more than it is on having a place to live. Corporate homeowners have nothing to do with this.

[vablings]

One issue is that if you plan to have an expanding family your home needs to retain its resale value to allow you to sell it and move into a larger home to suit your family needs.