2006-11-02 16:50:53 · 4 answers · asked by artistry_jax 1 in Business & Finance ➔ Personal Finance
I'm not sure that connection can be made. While homeowners have the motivation to work and remain employed so that they can make mortgage payments, renters can be evicted more easily than owners/buyers. Also, whether someone rents or owns may simply be a personal decision based on how much time they have or their ability to maintain property. I rented for years after my divorce, in part because I had no idea about furnaces, water heaters, lawn mowers, plumbing, etc. I did finally buy a house, but I'd taken time to learn. People also rent due to financial hardship, and I've found that sometimes those with financial worries are better employees because they are desperate for the income and need to do a good job and prove themselves.
I try to hire people based on their skills abilities alone. Judging people and basing it on non-work-related things (such as credit history or home ownership) can cause you to miss someone who would be great. (Sometimes the credit history thing is necessary, depending on the position - but that goes to the ability to do the job).
2006-11-03 00:03:19 · answer #1 · answered by Katie Short, Atheati Princess 6 · 0⤊ 0⤋
Yes there is a connection, and a cause and effect. If you are a renter and you can't pay your rent you go some place else and start over. If you are a home owner and you can't make your payments, you lose your equity. For some home owners a down payment and several months mortgage payments, adds up to a lot of cash. No one wants to lose that. Losing a job can put that wealth in jepordy. You don't have to be a brain surgon to figure that out. So being a better employee, is just a matter of further securing your investment in your home. Its the last thing you want to lose.
2006-11-04 02:15:48 · answer #2 · answered by john d 3 · 0⤊ 0⤋
association does not prove causation, but in this case there might be a correlation. homeowners might be more responsible than non-homeowners and that trait could rub off at their place of employment, but confounding factors might include age or wealth (besides the home).
2006-11-03 01:42:18 · answer #3 · answered by Anonymous · 0⤊ 0⤋
i've heard abt tis but i dun tink its all tt true. they may make better employees due to the fact they need $ & wld stay longer/endure more but doesn't mean tt they wld perform better as they r js slogging it out 4 the $. perhaps those who hv a passion for their jobs make the best employees.
2006-11-06 03:55:52 · answer #4 · answered by Jayne 2 · 0⤊ 0⤋