The disturbing link between homeownership and unemployment

December 16th 2013

A home is anchored with handcuffs. High levels of home ownership and unemployment are correlated, according to a new study.

Home ownership leads to higher levels of unemployment, according to a new study from Warwick University and Dartmouth College researchers.

The researchers examined U.S. data going back to the 1950s, and found that the correlation between home ownership and high employment was "extraordinarily robust."

When people own a home, they can become trapped in one location and lose the flexibility to move for a new job. On the other hand, renting provides mobility – allowing people to more easily move in search of work.

You can read more about the study here.