Mobility, Residential Location and the American Dream: The Intrametropolitan Geography of Minority Homeownership

33 Pages Posted: 4 Aug 2008

See all articles by Stuart A. Gabriel

Stuart A. Gabriel

University of California, Los Angeles - Anderson School of Management

Gary Painter

University of Southern California - Sol Price School of Public Policy

Abstract

This article applies data from Washington, DC, Chicago and Los Angeles to estimate three-level nested multinomial logit models of household mobility, residential location and homeownership tenure choice. Model simulation indicates that shocks to income can significantly elevate the homeownership attainment of minority households; however, their urban settlement and homeownership patterns remain substantially more concentrated than those of whites. Simulated equilibration of black economic status with that of whites results in an approximate doubling of homeownership rates among black movers to central city areas. In contrast, homeownership rates among black movers to suburban and outlying areas lag far behind those of whites.

Suggested Citation

Gabriel, Stuart A. and Painter, Gary, Mobility, Residential Location and the American Dream: The Intrametropolitan Geography of Minority Homeownership. Real Estate Economics, Vol. 36, Issue 3, pp. 499-531, Fall 2008, Available at SSRN: https://ssrn.com/abstract=1189950 or http://dx.doi.org/10.1111/j.1540-6229.2008.00220.x

Stuart A. Gabriel (Contact Author)

University of California, Los Angeles - Anderson School of Management ( email )

110 Westwood Plaza
Los Angeles, CA 90095-1481
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310-825-2922 (Phone)
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HOME PAGE: http://www.anderson.ucla.edu

Gary Painter

University of Southern California - Sol Price School of Public Policy ( email )

Los Angeles, CA 90089-0626
United States
213-740-8754 (Phone)
213-740-0001 (Fax)

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