What Homeownership Really Means—and Why It’s About More Than Just the Numbers

The other day, I heard a podcast featuring Skylar Olsen, Zillow’s Chief Economist. As you’d expect, there was a lot of talk about housing market predictions for 2025, what might’ve been missed in 2024, and the trends shaping real estate across the country. All great stuff for a real estate geek like me.

But toward the end, the conversation took a turn. Olsen was asked a simple yet profound question:

“What does homeownership mean to you?”

Her answer wasn’t what you’d expect from a numbers person—it wasn’t about ROI, market trends, or investment strategies. It was personal. It was emotional. And honestly, it hit home for me.

Let’s break it down—and why it matters as you think about finding your next (or first) home here in Savannah.

More Than a Financial Equation

Olsen admitted she’s naturally wired to look at the data—after all, she’s an economist. She crunched the numbers on homeownership versus renting, comparing it to investing in stocks. Sometimes, renting might make more sense financially, depending on the situation.

But then she flipped the script:

“That’s the cost of ownership and customization and personalization and vision,” she said.

Translation? Owning a home isn’t just about spreadsheets or calculating equity. It’s about creating a space that’s yours—a blank canvas where your vision for your life can come alive in ways renting just doesn’t allow.

Here in Savannah, where historic homes meet new builds, and the charm of coastal living adds its own flair, that vision could mean anything. Maybe it’s restoring an old Victorian in the Historic District or setting up the perfect backyard oasis in Richmond Hill. Whatever it is, it’s yours to create.

The Freedom to Be You

Olsen shared a personal story about her own home. Picture this: a backyard with chickens, fruit trees, flowers, and pumpkins (some of which are now chicken snacks, thanks to nature running its course).

“That is a vision I can’t create if I’m a renter. I don’t know what landlord would let me do this craziness,” she said.

For her, homeownership means freedom—the freedom to dream big, get creative, and make her space her own. And that’s what it’s all about. Whether you’re looking for a big yard for the kids, a space to entertain friends, or a quiet retreat after a long day, owning a home gives you the flexibility to make it happen.

Rethinking the American Dream

For decades, the “American Dream” has been tied to the image of a single-family home with a white picket fence. But the truth is, that dream looks different for everyone—and that’s a good thing.

Olsen pointed out that the American Dream is about vision and choice. It’s not just about buying a home; it’s about creating a life that feels like yours. That might mean a historic condo downtown with a view of the Savannah River, a bungalow in Thunderbolt, or even renting if flexibility is what you value most.

The key is defining what homeownership—or simply “home”—means to you.

What This Means for Savannah Homebuyers

Olsen’s perspective offers some powerful takeaways as you think about your next move:

1. Focus on What Matters to You
   Sure, the financials are important. But think beyond the numbers. What kind of life do you want to create? How can your home reflect your values, personality, and goals?
   
   
2. There’s No One-Size-Fits-All Dream
   Whether it’s a spacious lot in Pooler or a charming beach house on Tybee Island, your dream doesn’t have to look like anyone else’s. Make it your own.
   
   
3. Look at the Lifestyle Benefits
   Owning a home isn’t just about building equity—it’s about building a life. From customizing your space to planting roots in a community, the rewards go far beyond the financial.

Helping people find their dream home is why I love what I do. It’s not just about contracts and negotiations—it’s about seeing families and individuals create a space where they can truly thrive.

So, let me ask you: What does homeownership mean to you? Is it freedom? Stability? A blank slate for your vision? Whatever it looks like, I’m here to make it easy for you to find it in Savannah.

Let’s connect and bring your vision to life—Savannah style.