Homeowning Household

AKA: Owner-Occupied, Homeownership.
Context:
- It can refer to a person or a group of people who possess legal ownership of the home in which they live. This home could be a house, apartment, condominium, or a housing cooperative.
- It can (often) function as a real estate investment, and homeowning households may build wealth through appreciation of property values.
- It can (often) be associated with greater stability in housing and a stronger connection to the local community.
- It can provide benefits to the dwellers, such as privacy, control over the living environment, and the freedom to modify the property.
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Example(s):
- A family owning and residing in a suburban single-family home.
- A person owning and living in their condominium unit.
- A Capitalist Household owning a house.
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Counter-Example(s):
- A Renting Household.
- An Apartment Building Owner who does not live in the building.
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See: Home Ownership Rate, Housing Tenure, Housing Cooperative, Housing, Real Estate, Investment.

References

(Wikipedia, 2014) ⇒ http://en.wikipedia.org/wiki/Owner-occupier Retrieved:2014-10-28.
- Owner-occupancy or homeownership is a form of housing tenure where a person, called the owner-occupier, owner-occupant, or home owner, owns the home in which they live. This home can be house, apartment, condominium, or a housing cooperative. In addition to providing housing, owner-occupancy also functions as a real estate investment.

(Green & White, 1997) ⇒ Richard K. Green, and Michelle J. White. (1997). “Measuring the benefits of homeowning: Effects on children.” In: Journal of Urban Economics 41, no. 3.

(Engelhardt, 1996) ⇒ Gary V. Engelhardt. (1996). “House prices and home owner saving behavior.” In: Regional Science and Urban Economics, 26(3).