Pages

21 August 2024

Home Prices And Political Identity

It isn't a perfect fit, but high home prices are strongly correlated with voting blue and low home prices are strongly correlated with voting red. Note also Zillow's novel statistic.

3 comments:

  1. Novel stat because they don't know how to calculate the median.

    ReplyDelete
  2. Don Challenger,
    How does urban/county level capital investments and public amenities factor into this private home ownership/rental valuation picture.

    ReplyDelete
  3. Indirectly and it is hard to know if it is cause or effect. The primary force is supply and demand. Supply is largely a product of land use regulation and water supply and in some rare instances, topography. Demand is largely a product of jobs. Public amenities are a second order factor, at most, in job creation. Capital investment only matters if it adds value. The Rust Belt has lots of capital investment, but it is obsolete.

    ReplyDelete