The Pros And Cons Of Homeownership

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As indicated in the previous section, when households have difficulty maintain their homeownership status, for example, when they cannot afford to pay the mortgage, home ownership may instead lead to an increase of stress and potentially to negative health outcomes. Strictly speaking, the homeownership should refer to the homeowners who do not have any financial obligation like a mortgage on their primary residence. Otherwise, the default of a mortgage could still deprive the owner of property causing a high stress (Cairney et al., 2004). Therefore, it is predictable to foresee some homeowners with long-term mortgage in normal situation may have poorer mental outcomes due to the house insecurity than those who completely own their property (e.g. Easterly et al., 2000; Nettleton et al., 1998) but it was not sufficiently evidenced. It could be also the case that not all homeowners without mortgage are definitely free of housing-related financial worries (Cairney et al., 2004).
Therefore, homeownership per se could also result in reverse mental effects to people when the financial supports to ownership is not stable. Rohe et al. (2001) pointed out that the homeownership stability could be also a source of stress when facing the threat of foreclosure or maintenance costs or unaffordable situation. There was evidence to show that high-priced housing could also cause stress then result in a substantial adverse health outcomes, even if it does not face real foreclosure, eviction, or a forced move (Lubell et al., 2007). The mortgage payment pressure and the responsibility toward the obligation of debt could be contributing to possible stress.
A major British study found that individuals having difficulty make their mortgage payments w...

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...havior (Mezuk et al., 2013).
Some studies indicated that the factors of race/ethnicity related to stress should be considered since racial disparities continuingly existed even controlling SEP factors (Crimmins et al., 2004; Williams et al. 2010). Following the above perspectives, some argued the possibility of engaging in poor health outcomes when the stress-coping strategies and self-regulation would be influenced by social structure and context. In turn, these social structures would be differently distributed among the racial groups (Mezuk et al., 2013). However, the proposition did not suggest that health outcomes would be different by race per se (Mezuk et al., 2013). Nevertheless, race could be an indicating category to produce racial disparities in health to be viewed as the sources of stress influencing mental health particularly (Mezuk et al., 2013).

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