New Orleans, and the NorthWest Carrollton corner of it, is a city of renters & owners.
For the city the breakdown is about 50-50%. And NorthWest Carrollton is holding at just under 60% renter 40% owner.
But we are edging more toward owners.
And .... nothing against the many wonderful renters in NorthWest Carrollton....
this is good.
Here are some quotes from the 12/16/12 TP Real Estate Section.
National Association of Realtors:
"Home ownership allows households to accumulate weath and social status and is the basis fir a number of positive social, economic, family and civic outcomes"
A little flowery and true only if the financial industry doesn't foul things up again. But yeah, we think that home owners have made a commitment to the place, they have vested interest and this does lead to "positive social & civic outcomes".
As Victor M. Andrews says: in the TP 12/16/12 Real Estate:
"It also speaks to being part of something larger - a community and a sense of belonging."
"A homeowner is making an investment in their community",
says Chip Gardner of GARNER , Realtors.
"It's a sense of security and establishing a sense of community",
says ReRe Avego of RE/MAX Real Estate Partners. "It's like getting a place to belong."
The NAR study (National Association of Realtors) indicates that,
"Home ownership boosts the education performance of children, induces higher participation in civic and volunteering activitt, improves health care outcomes,"...
"It's a sign of stabilty in a community if there's home ownership by individuals," said Danielle Triche of COLDWELL BANKER TEC Realtors.
The NAR study indicates,
"With home purchase comes the pride of ownership and the sense of belonging where one had a financial stake in the neighborhood."
"Also ownership entails a greater individual responsibility."
"Homeownership <snip> is a long-term commitment, which may alter human behavior."
So, when we respond as a Neighborhood and Civic Association that we think more home owners is better for the neighborhood and property values and our collective security, the data backs us up.