homeownership

Ryan Avent takes a look at Felix Salom’s arguments about the benefits of homeownership, but finds that sometimes, its societal benefits are a little overstated: It’s clearly right that homeowners take an active interest in local policy in an effort to protect and enhance local services and the value of their homes. But that doesn’t necessarily mean that homeowners are generating societal benefits. Take schools, for example. Homeowners take many actions to boost the performance of local schools, both because they’re interested in obtaining a quality education for their children and because school quality is capitalized into...

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