Earlier quoted context omitted.
Voters don't actually want house prices to come down. Voters, in aggregate, want rents to fall and prices to rise, roughly divided by renters vs owners. Somehow the homeowners almost always win against the renters in this political tug-of-war. Perhaps because rents are downstream of values, and so it's politically easier for owners to make the correct choices to advance their agenda than it is for renters, which have…
> Voters don't actually want house prices to come down. You have this wrong. > Somehow the homeowners almost always win against the renters First lets look at homeownership rates: https://fred.stlouisfed.org/series/RSAHORUSQ156S Home ownership is a functionally unmovable number staying around 63% Home owners are in the majority. Do you know what one of the biggest predictors of voting is? It is home ownership and loc…
But you don't refute this, if anything you make the case that, since the majority are homeowners, they would of course want ever-increasing home values. And it's common knowledge that homeowners assume/depend on rising values as part of their purchasing decision.