Higher education is a long-term aspiration with long-term results. So is homeownership. By association, parents who are homeowners therefore communicate to their children a sense that long-term goals, such as successful education, is vital to success in life. This tendency will then incline the children involved towards higher education and the long-term fruit of such labor.

In addition, Taylor also relates self-esteem and self-efficacy to higher education. Academic resilience and success are directly related to self-esteem and competency. Homeownership tends to contribute to a person's self-esteem. It creates the sense of being associated with material value that is the result of long-term investment. Parents communicate this sense of self-efficacy and -- esteem to their children, which also becomes clear when investigating children from families who are financially less privileged than those who own their own homes.

One such study has been conducted by Mistry et al. (2009). The authors focus...
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