Housing Bubble 2: Return of the Ugly

Exactly. Relatively wealthy private home owners tend to lean towards maintaining the status quo since it seems to be working in their favor. It's the same as with the discussion about taxing unrealized capital gains above 100 million. People who aren't even close to that number are afraid of this because they fear it'll develop into further legislation and ultimately become a threat to their own wealth. It's not just the 1% but also many of the top 20 or even 30% that feel a strong incentive to keep things from changing. They definitely carry a big part of the responsibility and the largest potential for change with their votes.