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Unformatted text preview: -% of owner-occupiers has increased result: increasing inequality between highly educated and less-educated workers disparity between rich and poor increased Housing problems-Two essential qualities of a house o Durability o Inflexibility Abandonment-One of the major problems of housing-An economic decision Effects on Abandonment-Has cost beyond the owners: reduces safety/attractiveness of a neighborhood-Could be a vicious cycle-High crime rates could make a neighborhood undesirable and lead to fall in property values and induce retirement Filtering-...
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- Fall '08