2024:35 The Political Fallout of Housing
The David McWilliams Podcast
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The Political Strategy of Promoting Home Ownership
This chapter explores how political leaders like Bertie Ahern leveraged housing booms to create a sense of wealth and inclusion among first-time buyers, ultimately securing electoral victories. It discusses the dichotomy of politicians benefiting from rising property values while claiming to address housing crises and how successful leaders understood the electorate's psychology to maintain power. The chapter also delves into the political implications of housing policies favoring investors over local citizens, leading to shifts in voter dynamics and allegiances.
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