The Importance of Owner-Occupiers

A lot of people can flate that with the high transaction costs reason, but they're actually two quite separate reasons. There's a tremendous amount I think of satisfaction owner-occupiers get from having complete control over that asset. A lot of non-price gratification that you get from having control over that place that you're spending most of your life in. Those non-economic benefits, I mean you could quantify them, but I guess yeah, I describe them as non-financial benefits that are hard to quantify.