The state of being a homeowner.
Used in a Sentence
homeownership
Definition, parts of speech, synonyms, and sentence examples for homeownership.
Editorial note
- Maintenance - Cost of rental more closely tracks income/economic situation, you're also free to go to a place that costs more or less depending on your situation (whereas in homeownership you're locked to a place and the cost is fixed for decades) - You're less free to go where the jobs are (opportunity cost) "Oh but you're not building equity" then your problem is in financial education.
Examples4
Definitions1
Parts of speech1
Quick take
The state of being a homeowner.
Meaning at a glance
The clearest senses and uses of homeownership gathered in one view.
Definitions
Core meanings and parts of speech for homeownership.
noun
The state of being a homeowner.
Example sentences
- Maintenance - Cost of rental more closely tracks income/economic situation, you're also free to go to a place that costs more or less depending on your situation (whereas in homeownership you're locked to a place and the cost is fixed for decades) - You're less free to go where the jobs are (opportunity cost) "Oh but you're not building equity" then your problem is in financial education.
Homeownership is the rational choice when (1) you expect to live in the same place for a long time; (2) the value of a home is either stable or rising, and is expected to continue like that for a long time; and (3) you have assurance that if you need to liquify your assets on short notice, you'll be able to sell your home or take out a second mortgage easily.
Quote examples
- Maintenance - Cost of rental more closely tracks income/economic situation, you're also free to go to a place that costs more or less depending on your situation (whereas in homeownership you're locked to a place and the cost is fixed for decades) - You're less free to go where the jobs are (opportunity cost) "Oh but you're not building equity" then your problem is in financial education.
Proper noun examples
Homeownership is the rational choice when (1) you expect to live in the same place for a long time; (2) the value of a home is either stable or rising, and is expected to continue like that for a long time; and (3) you have assurance that if you need to liquify your assets on short notice, you'll be able to sell your home or take out a second mortgage easily.
Frequently asked questions
Short answers drawn from the clearest meanings and examples for this word.
How do you use homeownership in a sentence?
- Maintenance - Cost of rental more closely tracks income/economic situation, you're also free to go to a place that costs more or less depending on your situation (whereas in homeownership you're locked to a place and the cost is fixed for decades) - You're less free to go where the jobs are (opportunity cost) "Oh but you're not building equity" then your problem is in financial education.
What does homeownership mean?
The state of being a homeowner.
What part of speech is homeownership?
homeownership is commonly used as noun.