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A Place Called Home - The Social Dimensions of Homeownership (Hardcover)
Loot Price: R773
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A Place Called Home - The Social Dimensions of Homeownership (Hardcover)
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Since the onset of the mortgage lending crisis and the subsequent
Great Recession, there has been ongoing debate about the economic
benefits of homeownership. Some say homeownership remains an
important contributor to wealth creation, while others believe that
renting is a less expensive and less risky option. This debate has
raised an interesting question about homeownership: if the home is
not guaranteed to provide a solid return on investment, is there a
rationale for promoting homeownership beyond whatever financial
benefits it may deliver? The authors' research has provided
tremendous insights into the extra-financial effects of affordable
homeownership. It shows that homeowners, when compared with
renters, have better health outcomes, experience less stress in
times of financial hardship, experience a greater sense of trust in
their neighbors, have access to more social capital resources, and
are more likely to vote. Further, the data allows us to explore not
only what benefits result from affordable homeownership, but how
and why these benefits are transferred. The book ultimately argues
that homeownership is not only important for financial reasons, but
also functions as a social tool that can improve the lives of low-
and moderate-income people.
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