About 69 percent of renters believe owning a home would make them happier, but 60 percent say homeownership is out of reach, according to new research from Home Bay, an online publication owned by Clever Real Estate.
The survey found that homeowners, on average, rate their overall happiness at 7.5 out of 10, 20 percent higher than where renters rate their happiness at just 6.2. Moreover, renters report 22 percent higher stress levels, with an average score of 6.2 out of 10, compared to homeowners, with an average rating of 5.1 out of 10.
In addition, about two in three renters (67 percent) are stressed about their finances, compared to fewer than half of homeowners (44 percent). Further, renters are 86 percent more likely than homeowners to not consider themselves financially comfortable.
A resounding 90 percent of homeowners say they’re happier overall since they bought a home, and another 80 percent say owning a home was the best decision they ever
