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Homeowners 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. D
by hahaxdxd123 4y ago
Homeowners 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