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Fall 2002, Heterogeneity in Asian-American Home ownership: the Impact of Household Endowments and Immigrant Status

Gary Painter
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).