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The benefits of homeownership are often cited in policy debates, though it has some downsides. Following are the advantages and costs of homeownership for neighborhoods and communities, as summarized in a recent research paper by Jason Fichtner and Jacob Feldman at George Mason University. (Image: iStock) Related: • Middle Way on Mortgage Tax Deduction Aims to End Homelessness • Millennials, Unaffordability to Drive Homeownership Lower: Zillow • Age of First-Time Homeownership on the Rise: Report