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Because republican lawmakers come from states where this is not a problem. Perhaps many houses in red states are owned by corporate landlords but housing is wa
by anon291 4y ago
Because republican lawmakers come from states where this is not a problem.
Perhaps many houses in red states are owned by corporate landlords but housing is way more affordable in those states.
So this is a case of lawmakers simply not seeing the problem amongst the people they represent and thus being unwilling to pass what they view as unnecessary regulation.
Ultimately housing affordability is a blue state problem.
Moreover for all the lip service democrats pay to housing, in my state of Oregon, where the democrats have supermajorities of both houses in the legislature and the governorship, they do nothing.
I think that if you spent time on American politics you'll find that the democrats rarely vote for actual regulation, they just promise it to you and then make excuses.
- hahaxdxd123 4y agoHomeowners are >75% of the US voting populace. You will never pass a policy that decreases home values. "88% of U.S. Republican voters own homes, 78% of U.S. Democratic voters own homes, and 73% of U.S. independent voters own homes" https://centerforpolitics.org/downloads/pub_housing_2.pdf https://centerforpolitics.org/downloads/pub_housing_2.pdf
- deleted 4y ago[deleted]
- anon291 4y agoRepublicans own cheaper homes though based on where they live. It's easier to buy a home for the average person in a red state, as evidenced by higher home ownership
- hahaxdxd123 4y ago> democrats rarely vote for actual regulation, they just promise it to you and then make excuses. I am making the point that there is no political coalition, Democrat or not, that wants lower home prices (from where they are right now). And I disagree with that point anyway - see abortion rights post Roe. The blue/red state policy differences are stark.
- harambae 4y agoHome prices are already set to decrease (although arguably not by enough to make a difference) Here is the home price futures market on the Chicago Mercantile Exchange. It's a thinly traded market, but it's in clear backwardation. Expected to hit -12.7% from current levels if you wait 2 years. Will take a while to get back to where it is now. https://www.cmegroup.com/markets/real-estate/residential/SandP-case-shiller-price-index.html https://www.cmegroup.com/markets/real-estate/residential/San... They have more specific futures markets by metro