During Spain’s #housing bubble, rising property values turned mortgagors into “leveraged homevoters” who restricted land supply, suggesting that high prices drive restrictive zoning, rather than the reverse.

@jm-tubio.bsky.social 
@santiagolagop.bsky.social  @patriciosafe.bsky.social

#UrbanStudies

Homeowners experiencing house price appreciation will become less supportive of redistribution and
social insurance policies since increased house prices both increase individuals’ permanent income and
the value of housing as insurance against income loss. Source: www.cambridge.org/core/journal...

Thus, a more generous support of homeownership is accompanied by more liberal financial regulations, stronger creditor protection, and weaker regulation
of labour. Source: www.cambridge.org/core/journal...

Between 1996 and 2017, the taxes on housing have been decreasing for most EU-countries. Source : publications.jrc.ec.europa.eu/repository/h...

"When partisanship moves to the
left there is little evidence of house price increases
affecting social spending. However, when cabinet partisanship moves to the right there is a robust negative
effect of house price increases on social spending" www.cambridge.org/core/journal...