• The Martin Prosperity Institute at the University of Toronto's Rotman School of Management did a statistical analysis that contradicts the popular belief that homeownership and per capita economic output rise together in metropolitan areas of the U.S.
• There were exceptions – Bridgeport and Hartford, Connecticut, Minneapolis-St. Paul, and Charlotte – but "most metros with high levels of homeownership have relatively low rates of productivity. Indeed, large metros like New York, Los Angeles, and San Francisco combine relatively high output with relatively low levels of homeownership."
• A second cut at the data showed that statistically, the metros with high homeownership mostly have lower wages.

From the article: "... The economic growth and development of cities and regions is generally thought to be driven by three key factors: innovation, human capital, and productivity. Homeownership, it turns out, is not related to any of them. ..."