Why Buying a House Costs You More Happiness
Financial Implications
The financial commitment of buying a house is substantial, involving not just the mortgage but also property taxes, insurance, and maintenance costs. According to the U.S. Census Bureau, the median price of a home in the United States was approximately $374,900 in 20212. This figure doesn’t include the additional costs that can quickly add up, diminishing disposable income that could be used for travel, hobbies, or other fulfilling activities.