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Rising housing prices are very popular politically, though. I tend to agree with your analysis, but you must recognize the nature of your fight.
by danielweber 14y ago
Rising housing prices are very popular politically, though.
I tend to agree with your analysis, but you must recognize the nature of your fight.
- eli_gottlieb 14y agoRising housing prices for owner occupiers are popular politically. Or at least, they were until the bubble popped and people started noticing that real household incomes had never risen to match the housing prices. The alignment of class interests has changed on this issue. Renters and net debtors are now the majority, rather than the bubble temporarily making every other owner-occupier into a net profiteer.