Politics And Housing Prices

by Thomas Lifson - August 9th, 2005 - The American Thinker

High housing prices make people blue. Not just the young first-time home-buyers stunned at what a starter house or condo costs, or the families scrimping to pay an oversized variable-interest mortgage. There is very substantial statistical evidence and logic supporting the notion that sustained high housing prices lead to liberal dominance of local politics.

You would hope that this is an unintended consequence and not something that democrats have actually planned. Thomas Lifson has provided an intelligently reasoned explanation for why democrat practices drive home prices up and price the young out of the market. Stopping home construction and stopping the construction of roads have both caused serious damage to our nation, especially our children. What will it take to change this direction and get back to a nation of affordable housing and rapid growth?