How closely are our homes tied to our overall sense of wellbeing? Is it true that homeowners experience greater happiness compared to renters? We're about to uncover the truth behind this common assumption.

While owning a home can offer stability and a sense of control over our living environment, it is not without its challenges. Financial stress and the responsibility of property maintenance can dampen the initial excitement. So, how long does the satisfaction of homeownership last before we yearn for something more?

In today's episode, we are honored to have Dr. Peggy Kern, an esteemed associate professor at the Centre for Wellbeing Science within the University of Melbourne's Graduate School of Education to help us uncover the complexities beyond the simplistic notion that homeowners are content and renters are dissatisfied.

Tune in to gain valuable insights into the connection between homeownership and happiness and have a deeper understanding of how our living arrangements can impact our overall well being.

Episode Highlights:

00:00 - Is homeownership connected to our sense of wellbeing?

01:24 - Who is Dr. Peggy Kern?

02:16 - How do we measure our well being or happiness? 

04:14 - Explaining the hedonic treadmill and how it relates to homeownership

11:53 - Factors that contribute to the emotional rollercoaster of homeownership

15:08 - The pros and cons of short-term vs long-term thinking

19:13 - Tips for getting into a long-term thinking mindset

23:32 - Common factors found among centenarians that could be contributory to their long life

25:37 - Fact or myth? It takes longer to bounce back from negative experiences

30:56 - How pursuing a dopamine hit impacts decision-making when it comes to property

37:17 - Does one's affluence paradoxically coexist with unhappiness?

39:39 - How important is financial stability to one’s well being?

42:10 - Factors that influence one's perspective on downsizing

43:45 - How can housing choices impact overall happiness and satisfaction?

50:41 - Peggy Kern’s property dumbo

About Our Guest:

Dr. Peggy Kern is an associate professor at the Centre for Wellbeing Science within the University of Melbourne's Graduate School of Education. Originally trained in social, personality, and developmental psychology, Peggy received her undergraduate degree in psychology from Arizona State University, a Masters and Ph.D. in social/personality psychology from the University of California and postdoctoral training in positive psychology at the University of Pennsylvania. Her research focuses on understanding, measuring, and supporting wellbeing across the lifespan. She works with schools and workplaces to examine strategies for supporting wellbeing, and bridging gaps between research and practice. She has published 3 books, over 100 peer-reviewed articles and chapters, and the freely available Palgrave Handbook of Positive Education.

Connect with Peggy Kern:
Get free and unlimited access to the Palgrave Handbook of Positive Education https://link.springer.com/book/10.1007%2F978-3-030-64537-3
Find out more about Peggy’s work at: http://www.peggykern.org/
Connect with Peggy on LinkedIn: https://www.linkedin.com/in/peggy-kern-b1955223/

Resources:
Buying a new house: Will it actually make you happy? https://bit.ly/3pQuLgn
Visit our website https://www.theelephantintheroom.com.au
If you have any questions or would like to be featured on our show, contact us at:
The Elephant in the Room Property Podcast - questions@theelephantintheroom.com.au
Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
Work with Veronica: https://www.veronicamorgan.com.au
Looking for a Mortgage Broker? https://www.blusk.au
Work with Chris: hello@blusk.com.au

Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now!
Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast
Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719
Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765

How closely are our homes tied to our overall sense of wellbeing? Is it true that homeowners experience greater happiness compared to renters? We're about to uncover the truth behind this common assumption.
While owning a home can offer stability and a sense of control over our living environment, it is not without its challenges. Financial stress and the responsibility of property maintenance can dampen the initial excitement. So, how long does the satisfaction of homeownership last before we yearn for something more?
In today's episode, we are honored to have Dr. Peggy Kern, an esteemed associate professor at the Centre for Wellbeing Science within the University of Melbourne's Graduate School of Education to help us uncover the complexities beyond the simplistic notion that homeowners are content and renters are dissatisfied.
Tune in to gain valuable insights into the connection between homeownership and happiness and have a deeper understanding of how our living arrangements can impact our overall well being.
Episode Highlights:
00:00 - Is homeownership connected to our sense of wellbeing?
01:24 - Who is Dr. Peggy Kern?
02:16 - How do we measure our well being or happiness? 
04:14 - Explaining the hedonic treadmill and how it relates to homeownership
11:53 - Factors that contribute to the emotional rollercoaster of homeownership
15:08 - The pros and cons of short-term vs long-term thinking
19:13 - Tips for getting into a long-term thinking mindset
23:32 - Common factors found among centenarians that could be contributory to their long life
25:37 - Fact or myth? It takes longer to bounce back from negative experiences
30:56 - How pursuing a dopamine hit impacts decision-making when it comes to property
37:17 - Does one's affluence paradoxically coexist with unhappiness?
39:39 - How important is financial stability to one’s well being?
42:10 - Factors that influence one's perspective on downsizing
43:45 - How can housing choices impact overall happiness and satisfaction?
50:41 - Peggy Kern’s property dumbo
About Our Guest:
Dr. Peggy Kern is an associate professor at the Centre for Wellbeing Science within the University of Melbourne's Graduate School of Education. Originally trained in social, personality, and developmental psychology, Peggy received her undergraduate degree in psychology from Arizona State University, a Masters and Ph.D. in social/personality psychology from the University of California and postdoctoral training in positive psychology at the University of Pennsylvania. Her research focuses on understanding, measuring, and supporting wellbeing across the lifespan. She works with schools and workplaces to examine strategies for supporting wellbeing, and bridging gaps between research and practice. She has published 3 books, over 100 peer-reviewed articles and chapters, and the freely available Palgrave Handbook of Positive Education.
Connect with Peggy Kern:
<ul>
<li aria-level="1">Get free and unlimited access to the Palgrave Handbook of Positive Education <a href="https://link.springer.com/book/10.1007%2F978-3-030-64537-3">https://link.springer.com/book/10.1007%2F978-3-030-64537-3</a></li>
<li aria-level="1">Find out more about Peggy’s work at: <a href="http://www.peggykern.org/">http://www.peggykern.org/</a></li>
<li aria-level="1">Connect with Peggy on LinkedIn: <a href="https://www.linkedin.com/in/peggy-kern-b1955223/">https://www.linkedin.com/in/peggy-kern-b1955223/</a></li>
</ul>
Resources:
<ul>
<li aria-level="1">Buying a new house: Will it actually make you happy? <a href="https://bit.ly/3pQuLgn">https://bit.ly/3pQuLgn</a></li>
<li aria-level="1">Visit our website <a href="https://www.theelephantintheroom.com.au">https://www.theelephantintheroom.com.au</a></li>
<li aria-level="1">If you have any questions or would like to be featured on our show, contact us at:</li>
<ul>
<li aria-level="2">The Elephant in the Room Property Podcast - <a href="mailto:questions@theelephantintheroom.com.au">questions@theelephantintheroom.com.au</a></li>
</ul>
<li aria-level="1">Looking for a Sydney Buyers Agent? <a href="http://www.gooddeeds.com.au/">https://www.gooddeeds.com.au</a></li>
<li aria-level="1">Work with Veronica: <a href="http://www.veronicamorgan.com.au">https://www.veronicamorgan.com.au</a></li>
<li aria-level="1">Looking for a Mortgage Broker? <a href="http://www.blusk.au">https://www.blusk.au</a></li>
<li aria-level="1">Work with Chris: <a href="mailto:hello@wealthful.com.au">hello@blusk.com.au</a></li>
</ul>
Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now!
<ul>
<li aria-level="1">Subscribe on YouTube: <a href="https://www.youtube.com/@theelephantintheroom-podcast">https://www.youtube.com/@theelephantintheroom-podcast</a></li>
<li aria-level="1">Subscribe on Apple Podcasts: <a href="https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719">https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719</a></li>
<li aria-level="1">Subscribe on Spotify: <a href="https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765">https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765</a></li>
</ul>

Who's really in control when you buy a property?

The Elephant In The Room is where the things that no one wants to talk about, actually get talked about.  

Veronica Morgan, real estate agent, buyers agent and co-host of Foxtel’s Location Location Location Australia & Chris Bates, financial planner, mortgage broker and wealth coach have joined forces to find out what’s really going on in the world of real estate.

Veronica and Chris talk to property owners and buyers every day in their respective lines of business. They’ve observed a wide spectrum of confidence in people’s decision making ability when buying and selling property, often to the detriment of the individuals concerned. They are both fascinated by consumer behaviour and together they’re going to uncover who’s really making the decisions when you buy a property.

In each episode they get into the psyche of buyers, agents, auctioneers and other industry experts to learn the truth about how buyers are influenced and why they do the things they do. In every episode you’ll learn from the mistakes of a “property dumbo” as well as Chris & Veronica’s “elephant rider bootcamp” training session.

The plan? This property podcast has been created to help us all make better property decisions!

We talk about the things no one wants to talk about in the Property Market

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