> Because wealth predicts propensity to vote. And to elaborate on this, real estate owners already have "skin in the game." They fully understand the negative

> Because wealth predicts propensity to vote. And to elaborate on this, real estate owners already have "skin in the game." They fully understand the negative impact of a policy that is obviously meant to reduce the value of their investment and vote/lobby against it. For the non-real-estate owners, it's way less obvious why they should mobilize or care. It's tough to get terribly excited about economic policy that is intended to gradually improve the housing problem by making it less attractive for the capital class to horde their assets forever. These effects are longer term and nebulous/uncertain for somebody who needs somewhere to live NOW.