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Mobility, Residential Location, and the American Dream: The Intra-Metropolitan Geography of Minority Homeownership: Los Angeles, Chicago, and Washington D.C

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  • Stuart Gabriel
  • Gary Painter

Abstract

This paper explicates the intra-metropolitan geography of minority homeownership. In so doing, the analysis applies individual level Census data from the Washington D.C., Chicago, and Los Angeles metropolitan areas to estimate three-level nested logit models (NMNL) of household mobility, residential location, and homeownership tenure choice. The approach is unique to the literature and recognizes that homeownership attainment among minority and white households may vary importantly owing to their differential mobility and residential location decisions. Model simulation indicates that shocks to income can significantly elevate the homeownership attainment of minority households. However, those same simulations reveal that even in the wake of substantial improvements to the economic status of minorities, their urban settlement and homeownership patterns remain substantially more concentrated than those of whites.

Suggested Citation

  • Stuart Gabriel & Gary Painter, 2004. "Mobility, Residential Location, and the American Dream: The Intra-Metropolitan Geography of Minority Homeownership: Los Angeles, Chicago, and Washington D.C," Working Paper 8599, USC Lusk Center for Real Estate.
  • Handle: RePEc:luk:wpaper:8599
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    File URL: http://lusk.usc.edu/sites/default/files/working_papers/wp_2004-1006.pdf
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    References listed on IDEAS

    as
    1. Gabriel, Stuart A. & Rosenthal, Stuart S., 2005. "Homeownership in the 1980s and 1990s: aggregate trends and racial gaps," Journal of Urban Economics, Elsevier, vol. 57(1), pages 101-127, January.
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    10. Gabriel, Stuart & Painter, Gary, 2003. "Pathways to Homeownership: An Analysis of the Residential Location and Homeownership Choices of Black Households in Los Angeles," The Journal of Real Estate Finance and Economics, Springer, vol. 27(1), pages 87-109, July.
    11. Henderson, J Vernon & Ioannides, Yannis M, 1983. "A Model of Housing Tenure Choice," American Economic Review, American Economic Association, vol. 73(1), pages 98-113, March.
    12. Coulson, N. Edward, 1999. "Why Are Hispanic- and Asian-American Homeownership Rates So Low?: Immigration and Other Factors," Journal of Urban Economics, Elsevier, vol. 45(2), pages 209-227, March.
    13. Gyourko, Joseph & Linneman, Peter & Wachter, Susan, 1999. "Analyzing the Relationships among Race, Wealth, and Home Ownership in America," Journal of Housing Economics, Elsevier, vol. 8(2), pages 63-89, June.
    14. Painter, Gary & Gabriel, Stuart & Myers, Dowell, 2001. "Race, Immigrant Status, and Housing Tenure Choice," Journal of Urban Economics, Elsevier, vol. 49(1), pages 150-167, January.
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