eBook - PDF

The Homevoter Hypothesis

Name: The Homevoter Hypothesis
ISBN: 9780674036901

How Home Values Influence Local Government Taxation, School Finance, and Land-Use Policies

William A. Fischel,

English
PDF
Available on iOS & Android

eBook - PDF

The Homevoter Hypothesis

How Home Values Influence Local Government Taxation, School Finance, and Land-Use Policies

William A. Fischel,

About this book

Just as investors want the companies they hold equity in to do well, homeowners have a financial interest in the success of their communities. If neighborhood schools are good, if property taxes and crime rates are low, then the value of the homeowner's principal asset—his home—will rise. Thus, as William Fischel shows, homeowners become watchful citizens of local government, not merely to improve their quality of life, but also to counteract the risk to their largest asset, a risk that cannot be diversified. Meanwhile, their vigilance promotes a municipal governance that provides services more efficiently than do the state or national government.

Fischel has coined the portmanteau word "homevoter" to crystallize the connection between homeownership and political involvement. The link neatly explains several vexing puzzles, such as why displacement of local taxation by state funds reduces school quality and why local governments are more likely to be efficient providers of environmental amenities. The Homevoter Hypothesis thereby makes a strong case for decentralization of the fiscal and regulatory functions of government.

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Yes, you can access The Homevoter Hypothesis by William A. Fischel in PDF and/or ePUB format, as well as other popular books in Law & Environmental Law. We have over one million books available in our catalogue for you to explore.