Menus Subscribe Search

Happiness and Home Ownership

• March 13, 2009 • 7:23 PM

 

It is an interesting coincidence that as the American housing market continues its nose dive, three prominent American chroniclers of suburban gloom have been in the news.

John Updike died recently; John Cheever is the subject of a new, major biography; and Richard Yates, the least known of the three, got the Mendes-DiCaprio-Winslet treatment in the film version of his novel Revolutionary Road.

While the three writers have their clear differences, they all had an abiding interest in the trappings of postwar suburban life. One aspect of this life was the family home, which served as a metaphor for stability and the subsequent anxiety that stability breeds.

Through many novels and short stories, these writers convey an insight that the economist Grace Wong Bucchianeri at the Wharton School of Business has recently been quantifying: Home ownership does not equal happiness. “Overall, I find little evidence that homeowners are happier by any of the following definitions: life satisfaction, overall mood, overall feeling, general moment-to-moment emotions (i.e., affect) and affect at home. The average homeowner, however, consistently derives more pain (but no more joy) from their house and home.”

So why did Americans go on a housing shopping spree over the past decade? Did we not read enough Cheever and Updike? Perhaps. The American dream of home ownership, buttressed by mortgage tax relief and an entire TV network (HGTV) devoted to home ownership and home improvement, is as vital and strong as ever. And in the past decade, that dream was helped along by sketchy mortgage practices we’ve now all heard about.

But I wonder if this most recent push for home ownership was partly about joy and stability, but also about the happiness that comes with knowing that the value of your home was increasing.

If this is indeed the case, there are some pretty unhappy homeowners out there.

Sameer Pandya
Sameer Pandya, formerly an assistant professor of English at Queens College, CUNY, is a lecturer in the Department of Asian American Studies at the University of California, Santa Barbara. His work has appeared in Narrative Magazine, Other Voices and Epiphany Magazine. He is currently working on a book about Asian-Americans and sports.

More From Sameer Pandya

A weekly roundup of the best of Pacific Standard and PSmag.com, delivered straight to your inbox.

Recent Posts

August 1 • 4:00 PM

The Gaps in Federal Law That Are Making It Easy for Lenders to Sue Soldiers

Courts are required to appoint attorneys for service members if they are sued and can’t appear. But the law says little about what those lawyers must do. Some companies have taken advantage.


August 1 • 2:22 PM

Warmer Parenting Makes Antisocial Toddlers More Empathetic

Loving care may be the best antidote to callous behavior in young children.


August 1 • 2:00 PM

The Federal Health Insurance Exchange Remains Surprisingly Active

New federal data, obtained by ProPublica under the Freedom of Information Act, shows nearly one million insurance transactions since mid-April.



August 1 • 6:00 AM

The Idea of Racial Hierarchy Remains Entrenched in Americans’ Psyches

New research finds white faces are most closely associated with positive thoughts and feelings.


August 1 • 4:00 AM

How and Why Does the Social Become Biological?

To get closer to an answer, it’s helpful to look at two things we’ve taught ourselves over time: reading and math.



July 31 • 4:00 PM

Thank You for Your Service: How One Company Sues Soldiers Worldwide

With stores near military bases across the country, the retailer USA Discounters offers easy credit to service members. But when those loans go bad, the company uses the local courts near its Virginia headquarters to file suits by the thousands.


July 31 • 2:00 PM

A New York State of Fracking

Court cases. A governor’s moratorium. Pending health study. A quick guide to the state of fracking in New York.


July 31 • 11:17 AM

How California Could Power Itself Using Nothing but Renewables

We don’t need fossil fuels.


July 31 • 8:00 AM

Should Athletes Train Their Memories?

Sure, but it probably won’t help.


July 31 • 6:00 AM

Universal Basic Income: Something We Can All Agree on?

According to Almaz Zelleke, it’s not a crazy thought.


July 31 • 4:00 AM

Medical Dramas Produce Misinformed, Fatalistic Viewers

New research suggests TV doctor dramas leave viewers with skewed impressions of important health-related topics.


July 30 • 4:00 PM

Still the World’s Top Military Spender

Although declining in real terms, the United States’ military budget remains substantial and a huge drain on our public resources.



July 30 • 2:04 PM

The Rise of the Nuisance Flood

Minor floods are afflicting parts of Maryland nearly 10 times more often than was the case in the 1960s.


July 30 • 2:00 PM

The (Mostly Awful) Things You Learn After Investigating Unpaid Internships for a Year

Though the intern economy remains opaque, dialogue about the role of interns in the labor force—and protections they deserve—is beginning to take shape.


July 30 • 12:00 PM

Why Coffee Shortages Won’t Change the Price of Your Frappuccino

You’re so loyal to Starbucks—and the company knows it—that your daily serving of caffeine is already marked up beyond the reach of any fluctuations in supply.



July 30 • 10:00 AM

Having Difficult Conversations With Your Children

Why it’s necessary, and how to do it.


July 30 • 8:00 AM

How to Make a Convincing Sci-Fi Movie on a Tight Budget

Coherence is a good movie, and its initial shoot cost about the same amount of money as a used Prius.


July 30 • 6:00 AM

Are You Really as Happy as You Say You Are?

Researchers find a universal positivity bias in the way we talk, tweet, and write.


July 30 • 4:00 AM

The Declining Wage Gap for Gay Men

New research finds gay men in America are rapidly catching up with straight married men in terms of wages.


July 30 • 2:00 AM

LeBron James Migration: Big Chef Seeking Small Pond

The King’s return to Cleveland is a symbol for the dramatic shift in domestic as well as international migration.


July 29 • 4:00 PM

Are Children Seeking Refuge Turning More Americans Against Undocumented Immigrants?

A look at Pew Research Center survey data collected in February and July of this year.


Follow us


Subscribe Now

Warmer Parenting Makes Antisocial Toddlers More Empathetic

Loving care may be the best antidote to callous behavior in young children.

The Rise of the Nuisance Flood

Minor floods are afflicting parts of Maryland nearly 10 times more often than was the case in the 1960s.

America’s Streams Are Awash With Pesticides Banned in Europe

You may have never heard of clothianidin, but it's probably in your local river.

How Textbooks Have Changed the Face of War

War is more personal, less glorious, and more hellish in modern textbooks than in the past. But there’s still room for improvement.

The Big One

One in two full-time American fast-food workers' families are enrolled in public assistance programs, at a cost of $7 billion per year. July/August 2014

Copyright © 2014 by Pacific Standard and The Miller-McCune Center for Research, Media, and Public Policy. All Rights Reserved.