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The majority of voters are homeowners so that’s probably why it isn’t going to happen so dramatically.
by zeroonetwothree 2y ago
The majority of voters are homeowners so that’s probably why it isn’t going to happen so dramatically.
- leereeves 2y agoRegular homeowners aren't benefiting much from high house prices. If they sell they just have to buy another, so it's a wash. If they borrow against it, they have to repay at currently high interest rates.
- Supermancho 2y ago> If they sell they just have to buy another, so it's a wash. They have to buy another at a higher interest rate. It's not a wash, I think it's a loss for most. If I sold my house, then bought another at the same size, the gains would not cover the monthly mortgage increase for very long.
- brailsafe 2y agoI guess that'll naturally change when there's enough pissed younger millenials, zoomers, and whatever else who don't have boomer parents with money, in aggregate surpassing the soon to be diminishing demo who owns them all. Just the numbers of voters though, no legit policy improvements.