"Real estate mantra tells us that three factors determine the market value of a home: location, location and location. The same could be said about the factors that determine the good life and people's access to it in metropolitan America."
"Place matters. Neighborhood counts. Access to decent housing, safe neighborhoods, good schools, useful contacts and other benefits is largely influenced by the community in which one is born, raised and resides. Individual initiative, intelligence, experience and all the elements of human capital are obviously important. "
"But understanding the opportunity structure in the United States today requires complementing what we know about individual characteristics with what we are learning about place."
Thanks to David Holtzman
