Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p
Making the housing decision requires careful consideration of both the financial and non-financial impacts, and the way that they interact with each other. There is no universally right way to approach housing. In many cases, contrary to conventional wisdom and societal pressure, renting is a better option than owning, both financially and from the perspective of subjective well-being.
Referenced in this video:
Extrinsic Value Orientation and Affective Forecasting: Overestimating the Rewards, Underestimating the Costs https://sdtheory.s3.amazonaws.com/SDT/documents/2010_SheldonGunzNicholsFerguson_JOP.pdf
Does the Dream of Home Ownership Rest Upon Biased Beliefs? A Test Based on Predicted and Realized Life Satisfaction https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3660256
The American Dream or the American Delusion? The Private and External Benefits of Homeownership for Women https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1877163
Homeownership and Happiness: Evidence for Switzerland https://digitalcollection.zhaw.ch/bitstream/11475/18640/3/2019_Hofmann-Umbricht_Homeownership-and-happiness-Switzerland_SREJ.pdf
The relationship between homeownership and life satisfaction in Germany https://www.econstor.eu/bitstream/10419/51372/1/672468557.pdf
Is a Fixer-Upper Actually a Downer? https://www.tandfonline.com/doi/full/10.1080/10511482.2017.1367317
If Money Doesn't Make You Happy Then You Probably Aren't Spending It Right https://scholar.harvard.edu/files/danielgilbert/files/if-money-doesnt-make-you-happy.nov-12-20101.pdf
The relative relativity of material and experiential purchases https://pubmed.ncbi.nlm.nih.gov/20053039/
The McMansion Effect: Top House Size and Positional Externalities in U.S. Suburbs https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3378131
Book: Happy Money https://dunn.psych.ubc.ca/book-happy-money/
Shelter in the Canadian CPI: An overview https://www150.statcan.gc.ca/n1/pub/62f0014m/62f0014m2017001-eng.htm
Theory of Homes and Jobs https://warwick.ac.uk/fac/soc/economics/staff/ajoswald/homejobs.pdf
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