I'd be willing to wager a significant amount that there are more people who want to 1) employ more rent control and 2) stop building due to gentrification than 3) want to stop building to keep their property values high. At least in SoCal, landowners are VASTLY outnumbered.
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Did you see the Prop. 10 polling numbers?
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Unbelievable how few people see that it's the lack of supply (driven by NIMBYism on new housing) which drives prices up. low income housing makes the situation worse for everyone who can't get low income housing (less real estate for free market).
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homeowners and real estate investors see that it's the lack of supply and that's why they say it's not: so that more supply isn't built. they benefit from increasing property values
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lmao @ foreign buyers 16%
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repealing Prop 13 coming in at a strong 2nd though.
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“Strong feelings of my neighbors and me that enough people already live here” wasn’t an option? Or did it just get 0% of the vote?
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Curious if homeowners and renters respond the same way - were they differentiated? Renters shouldn’t be motivated to not understand that limited supply of housing pushes up prices...
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renters who are protected by rent control behave in much the same manner that homeowners do....largely antagonistic to new home construction.
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It's called "motivated reasoning"
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