[ryandrake]

No, OP is painting with an extremely broad brush. There are a lot of reasons to own a home that have nothing to do with its investment potential. I don’t care how much my home is worth because I don’t plan to sell it until I retire.

[bobthepanda]

The problem is that even if it is a minority contingent, it is a loud, high-turnout contingent, and local politicians generally do not want to get turfed out.

It results in farcical scenarios, like homeowners opposing workforce housing for the local school district because the people teaching their kids are too low-income to fit in. https://www.citylab.com/equity/2018/10/san-jose-trying-build...