The question of whether homeownership is an enduring source of accumulation, and the further question of class effects of any such accumulation, can only usefully be addressed in the broader framework of the role of housing in long-term restructuring of the economic and cultural spheres of society. That restructuring must, however, be considered in a context wider than that of a single city. Rather, housing-related accumulation, in a specific market or submarket, will vary with processes of global, national, and urban restructuring, and will in turn affect such processes.
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