Here's a selection starting from Page 75 of the above-linked Master's Thesis, along with her citations for the statements. P.76: "Homeownership has numerous po

Here's a selection starting from Page 75 of the above-linked Master's Thesis, along with her citations for the statements. P.76: "Homeownership has numerous positive effects on children" -> Dietz and Haurin 2003 P.77: "homeowners can borrow against their equity at favorable interest rates in order to make investment opportunities that require substantial amounts of money, such as home improvements, education, business ventures, or additional properties, all investments that might provide considerable future returns." -> Zhu Xiao Di, "The Role of Housing as a Component of Household Wealth" "[life cycle wealth accumulation] is also largely determined by parental net worth, which has been shown to be the most important predictor of wealth in young adults, even over income, savings or investments" -> Conley 1999, p. 50 P.78: Mean lifetime inheritance for white baby-boomers: $125,000. Mean lifetime inheritance for black baby-boomers: $16,000. (according to the value of the dollar in 2000) P.79: "Transformative assets are those gifts provided by parents to adult children that allow them to maintain a class status that might otherwise be out of reach. These include the payment of private school and college tuition, tutoring and extracurricular lessons for grandchildren, gifts of big-ticket items like appliances and furniture." -> Shapiro 2004, P. 10 Naturally, not all veterans' families share the same story. However, I think it is hard to argue against the immense advantage of being a homeowner on accumulating and protecting wealth, and that this opportunity was unfortunately denied to a large number of black veterans.