[kelnos]

> If you are an older individual with your home making up a bulk of your retirement nest egg, you aren't going to vote for policies that make homes more affordable.

The thing about this though: this only matters if you intend to sell your home and move to a completely different area before you die. Alternatively, you're willing to sell your home and stay in the same area, but move into a much smaller home (and/or ditch your single family home for a condo or apartment).

For some retirees, sure, that's their plan. But for those that just plan to stay in their home until they die, the home value really doesn't matter, since they're not going to realize that value in their lifetime.

The one counterargument to that I can think of is that a dropping home value would also drop the amount of money a retiree could extract via a reverse mortgage, but I'm not sure those are all that popular (but I could be wrong).