2002
Abstract:
In recent years, substantial academic research and policy debate has
focused on homeownership. This is appropriate because residential
real estate is a significant part of a household’s portfolio of assets
and because it is an important sector in the national economy. In addition,
it has been suggested that, relative to renting, homeownership generates
neighborhood benefits related to property upkeep, public safety, school
quality, and the like (see, for example, Green and White, 1997 and Rohe,
Van Zandt, and McCarthy, 2000).
