Homebuyers keep buying risky homes because regulation costs eat their housing budget

Evidence

Especially for the vast majority of buyers concerned about the cost of housing, however, regulation limits choice. Despite the risks, people continue to buy homes with septic tanks and homes in floodplains. In each case, the buyers are effectively choosing to discount the risks – and to ignore the environmental implications of their decisions – in order to get more house for the money. — Adam Rome, The Bulldozer in the Countryside, 1084

Categorization

• XREF: Extends the reader’s earlier point that both rich and poor postwar buyers chose energy waste, and the forty per cent distress buyers. — connects to: Americans still define a good house without any ecological awareness — Adam Rome, The Bulldozer in the Countryside:…, 1085; Energy-efficient housing priced itself out of reach of budget-conscious buyers — Adam Rome, The Bulldozer in the Countryside:…, 245; Financialized ownership of housing and land degrades living conditions and inflates asset prices — Gerald F. Davis & Suntae Kim, Financialization of the Economy, 87

Broader Connections

• Energy-efficient housing priced itself out of reach of budget-conscious buyers #exemplifies (0.85) — Adam Rome, The Bulldozer in the Countryside, 245
• Financialized ownership of housing and land degrades living conditions and inflates asset prices #corroborates (0.78) — Gerald F. Davis & Suntae Kim, Financialization of the Economy, 87