Just as investors want the companies they hold equity in to do well, homeowners have a financial interest in the success of their communities.
Thus, as William Fischel shows, homeowners become watchful citizens of Local government, not merely to improve their quality of life, but also to counteract the risk to their largest asset, a risk that.
If neighborhood schools are good, if property taxes and crime rates are low, then the value of the homeowner\'s principal asset--his home--will rise.
Just as investors want the companies they hold equity in to do well, homeowners have a financial interest in the success of their communities