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Economic Perspectives, Vol. 28, 3rd, No. 3, August 2004
The relationship between Hispanic residential location and homeownership
For many families, homeownership is a foundation for financial asset building and future wealth accumulation. Increased homeownership has been linked to improved property maintenance, higher property values, greater community involvement, and enhanced neighborhood stability (Glaeser and Shapiro, 2002; Rohe and Stewart, 1996; and Cox, 1982). The opportunity for homeownership, therefore, contributes to a community’s overall economic stability and growth.
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