Most Americans Would Rather Pay a Mortgage Than Rent
Sheryl Crow was only partially right. Things that make you happy can sometimes, in fact, "be that bad."
She actually nails the dangers of pursuing happiness over all else in the second half of the chorus when she sings, "If it makes you happy, then why the hell are you so sad?" That explains the dangers of buying a home, something that 83% of Americans say makes them happier than renting, according to Bank of America's 2019 Fall Homebuyer Insights Report.
Homeowners report being happier, in a broad sense, because they feel homeownership offers an improved lifestyle and a variety of hobbies associated with their home. All the gardening, remodeling projects, and backyard barbecues in the world, however, won't make you happy if you buy a home at the wrong time.
Source Fool.com
