The homevoter hypothesis is mostly nonsense. There isn't a coordinated, conscious effort to restrict the supply of homes based on rational expectations of excess returns. People restrict the supply of homes due to misguided aesthetic reflexes, racism, nostalgia, and a bunch of other stuff, not because they are mustache-twirling capitalists.
alt Hacker News
The homevoter hypothesis is mostly nonsense. There isn't a coordinated, conscious effort to restrict the supply of homes based on rational expectations of excess returns. People restrict the supply of homes due to misguided aesthetic reflexes, racism, nostalgia, and a bunch of other stuff, not because they are mustache-twirling capitalists.