Repackaging the obvious characteristics of homeowners is meaningless.

By
Real Estate Agent with Better Homes and Gardens Real Estate Metro Brokers

Repackaging the obvious characteristics of home owners in a less than meaningful way.There has been an uproar about the recent NAR commercial that cites some statistical advantages with reference to home ownership and happiness and well-being.

And while is easy to become self-righteous and indignant at the suggestion that there are benefits to home-ownership beyond dollars and cents, this may simply be a case of restating the obvious.

After all, people that purchase homes generally have adequate credit scores, a good job history, a savings history, and sufficient resources to meet their monthly obligations.

Also as a rule of thumb, it generally makes more financial sense to purchase a home if one plans on living in the same place for a longer period of time.

So it is OBVIOUS that homeowners typically have more stable living arrangements, and become more invested in the neighborhood and the communities in which they live.

It’s not BECAUSE they own a home that these things happen. It’s more of a case of the tail wagging the dog.

Because these positive life decisions are indeed more likely to include home ownership as part of their plans, it is obvious that home owners already enjoy these ancillary benefits.

Does that make any sense at all?

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Topic:
ActiveRain Community
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"Whacked"!!!
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nar commercial
home ownership

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Rainmaker
312,685
Sandy Acevedo
RE/MAX Masters, Inland Empire Homes for Sale
951-290-8588

Hi Richard, well said. I'm with Lenn, I didn't think the ad was so bad because it stated the obvious. You could probably say that folks who own $30,000 + cars have the same characteristics... (maybe, I didn't research this ~ but you get it).

August 22, 2012 01:21 PM
Rainmaker
1,205,897
Carla Muss-Jacobs, Principal Broker/Owner
Buyer Focused ~ Buyer Results
BuyersAgentPortland.com | (503) 810-7192 Portland Metro Exclusive Buyers Agent | 100% Buyer Representation ~ 100% of the Time

I don't deny the benefits of home ownership, I bought my first home when I was 19.  What I object to is the tactless manner in which the 'obvious' is presented.  For the countless millions who are underwater, lost their home due to bonafide reasons (not the ATM mentality), need to short sale, who are now renters, will be renting, have to rent -- the advertising is very cold and callous, IMHO.  I little too let them eat cakey for my tastes.

August 22, 2012 01:40 PM
Rainmaker
930,967
Gary L. Waters, Broker Owner Waters Realty of Brevard, LLC
Personal Service, always.
Waters Realty of Brevard, LLC

Cause and effect... that is what this brings to mind. Do they own a home because they are more stable or are they more stable because they own a home? I know the answer as well as anyone else on here!

August 22, 2012 03:34 PM
Ambassador
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Erica Ramus
MRE, Schuylkill County PA Real Estate
Erica Ramus - Ramus Realty Group - Pottsville, PA

What you say makes sense. I think the whole ad was poorly planned and scripted. 

August 22, 2012 04:20 PM
Rainmaker
721,470
Mike Cooper
Your Winchester, VA Real Estate Pro
Winchester Real Estate Sales, Cornerstone Business Group Inc

It seems like this is a lot like the heredity and environment argument.  I always said that it's both.  I can imagine that a homeowner who is upside down on his mortgage and is visibly stressed to the max is probably not building a healthy environment for kids.  I would imagine that what goes on in a house, whether an owner occupied or a rental, is what makes a healthy and happy home.

August 22, 2012 07:25 PM
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Richard Weisser

Richard Weisser Coweta Newnan Homes for Sale
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Additional Information

Author Bio: Richard Weisser is a Georgia real estate broker, licensed auctioneer, and has been writing about Georgia Real Estate since 1999.

Coweta Fayette Real Estate offers opinions and helpful information to consumers and real estate professionals in the Coweta County Georgia area.

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