There’s Exactly One Good Reason to Buy a House
Owning a home won’t make you happy. Filling it with love will.
by Arthur C. Brooks
Mar 30, 2023
5 minutes
“How to Build a Life” is a column by Arthur Brooks, tackling questions of meaning and happiness. Click here to listen to his podcast series on all things happiness, How to Build a Happy Life.
Are you looking to buy a house in 2023? Welcome to hell. The average 30-year mortgage rate has approximately doubled in the past year, following a nearly 8 percent increase in average home prices the year before. How does a two-bedroom fixer-upper a block from the airport sound? It’s just 40 percent over your price range.
Choosing whether and where to buy a home is nerve-racking even if your only concern is your wallet. But the decision is also, in no small part, an emotional one. When I was buying
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