'Home-Ownership Society' Not Necessarily Best for Community

Homeownership has no "mystical virtue" that makes the owner more valuable to society, writes Mark Winston Griffith

1 minute read

March 31, 2005, 2:00 PM PST

By Michael Dudley


"A sizeable amount of research on homeownership backs up this valorization [of homeownership as a higher form of citizenship]. The obsession begins with the theory that single-family homeownership represents a substantial financial investment in a community. This means, the theory goes, that homeowners are less likely to move, more likely to encourage maintenance of property and more likely to care about how their neighborhood environment is affected than their rent-paying peers. Yet, in my years of running an economic development organization—as well as being a homeowner myself—I have seen how homeownership can also compel people to focus inward at the very expense of the community around them."

Thanks to Michael Dudley

Thursday, March 31, 2005 in TomDispatch

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