> Interestingly, homeownership has a split effect on political party affiliation. Those who use private mortgages “polarize,” according to the authors, with some becoming Republican and others becoming Democrats. But homeowners who get mortgages backed by the Federal Housing Administration, so-called FHA loans, are much more likely to become Democrats.
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In fact, the authors point out, even those who were previously Republicans “shift markedly” toward the Democratic party once they receive an FHA loan. It could be that those who receive FHA-backed loans recognize the value of government in helping them obtain a low-interest mortgage or perhaps it is because FHA loans are only available for more modest loans, and are more likely to be taken by working- or middle-class people. At the same time, Republicans who do not use FHA loans become even more Republican.
> It’s not just that becoming homeowners makes people more NIMBYish, or that homeownership locks people into place, but buying a home changes people’s political behavior writ large. Once someone buys a home, they act politically to protect its value. As the authors point out: “Overall, the results suggest that individual economic circumstances importantly influence political beliefs and behavior, and suggest that homeowners have special influence in American politics in part because their ownership motivates them to pay attention and to participate.”
> By submitting my information, I agree to the Privacy Policy and Terms of Service. In fact, the authors point out, even those who were previously Republicans “shift markedly” toward the Democratic party once they receive an FHA loan. It could be that those who receive FHA-backed loans recognize the value of government in helping them obtain a low-interest mortgage or perhaps it is because FHA loans are only available for more modest loans, and are more likely to be taken by working- or middle-class people. At the same time, Republicans who do not use FHA loans become even more Republican.
> It’s not just that becoming homeowners makes people more NIMBYish, or that homeownership locks people into place, but buying a home changes people’s political behavior writ large. Once someone buys a home, they act politically to protect its value. As the authors point out: “Overall, the results suggest that individual economic circumstances importantly influence political beliefs and behavior, and suggest that homeowners have special influence in American politics in part because their ownership motivates them to pay attention and to participate.”
https://www.bloomberg.com/news/articles/2018-08-28/how-homeo...
Oh look, another HN commenter with 0 idea of what he is talking about, but all the bravado to support his dumb position.