Affordability
The affordability of a home affects the happiness of its occupants.
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Affordability is one of the essential factors that affect housing.
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Housing affordability refers to the cost of housing relative to household income.
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High housing costs can affect individuals' happiness negatively ( they may have to give up other essential needs such as healthcare or food).
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A study by Diener et al. in 2010 found that housing affordability was positively related to happiness and that people living in affordable housing reported higher levels of life satisfaction.
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They argued that affordable housing provides individuals with a sense of financial security, which contributes to their overall well-being.
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The study showed that individuals who spent less than 30% of their income on housing were happier than those who spent more than 30%.
