They're not a voting block and their financial well being doesn't revolve around their home prices remaining high. If you buy a $1M 1400 ft^2 in CA, and the pr

They're not a voting block and their financial well being doesn't revolve around their home prices remaining high. If you buy a $1M 1400 ft^2 in CA, and the price goes down, you're going to be deeply underwater in your mortgage. If home prices stay high enough long enough than it "embeds" itself into politics.