"A new working paper provides powerful evidence of that higher rates of homeownership may in fact be connected to higher rates of unemployment. The study, "Does High Home-Ownership Impair the Labor Market?" [PDF], by economists Andrew Oswald, whose earlier research argued that high rates of homeownership undercut labor mobility, and David Blanchflower of Dartmouth University, employes a large-scale data set covering the past 25 years (1985-2011) and more than two million American households to examine the connections between homeownership and unemployment, labor mobility, commuting times, and new business formations.

"The bottom line? A state's homeownership rate may be a powerful precursor to "eventual sharp rises in unemployment in that state." The authors find that a doubling of a state's rate of homeownership "is followed in the long-run by more than a doubling of the later unemployment rate."

"Higher rates of homeownership lead to higher rates of unemployment, according to the authors, in three key ways: by restricting labor mobility, generating longer commutes, and by lowering rates of new business formation."

I need a new Stash:  Who Knew?!

Is it because once you own a home you are less able to move?

The longer commutes leading to lowered rates of new business formation makes sense to me.