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Books : The Homevoter Hypothesis: How Home Values Influence Local Government Taxation, School Finance, and Land-Use Policies
Back
Binding: Hardcover
Dewey Decimal Number: 338.973
EAN: 9780674006096
ISBN: 0674006097
Label: Harvard University Press
Manufacturer: Harvard University Press
Number Of Items: 1
Number Of Pages: 344
Publication Date: November 30, 2001
Publisher: Harvard University Press
Studio: Harvard University Press
Related Items:
Editorial Review:
Product Description:
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.
Rating:
- Good supplemental text on local government and zoning
This makes a great required second book in a local government/administration course. As a matter of fact, it should be required reading for city councilmen all over America.
Fischel does a good job of proving the "people vote with their feet" hypothesis, but more importantly, he ties property values to virtually every local government action (and inaction). Virtually everything that city government does is capitalized into property values -- sometimes with negative effects and sometimes ... Read More
Rating:
- "I've Got Mine, Jack!"
There are scads of good books on state and Federal government, but few on local government. William Fischel's The Homevoter Hypothesis is an exception and is an apparent classic on local government. Fischel's book advances more than an "hypothesis." It is a "correlation" that convincingly describes from case studies and case law how real estate economics drives local government. Fischel reports that housing equity in the U.S. is eleven times as large as liquid assets among all homeowners. Home equity ... Read More
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The Homevoter Hypothesis: How Home Values Influence Local Government Taxation, School Finance, and Land-Use Policies
Our Price: 924,000.00
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Dewey Decimal Number: 338.973
EAN: 9780674006096
ISBN: 0674006097
Label: Harvard University Press
Manufacturer: Harvard University Press
Number Of Items: 1
Number Of Pages: 344
Publication Date: November 30, 2001
Publisher: Harvard University Press
Studio: Harvard University Press
Related Items:
- The Economics of Zoning Laws: A Property Rights Approach to American Land Use Controls
- Black on the Block: The Politics of Race and Class in the City
- Housing Policy in the United States: An Introduction
- Heaven's Door: Immigration Policy and the American Economy
- Subprime Mortgages: America's Latest Boom and Bust
- see more
Editorial Review:
Product Description:
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.
Average Rating: 
Rating:
- Good supplemental text on local government and zoningThis makes a great required second book in a local government/administration course. As a matter of fact, it should be required reading for city councilmen all over America.
Fischel does a good job of proving the "people vote with their feet" hypothesis, but more importantly, he ties property values to virtually every local government action (and inaction). Virtually everything that city government does is capitalized into property values -- sometimes with negative effects and sometimes ... Read More
Rating:
- "I've Got Mine, Jack!"There are scads of good books on state and Federal government, but few on local government. William Fischel's The Homevoter Hypothesis is an exception and is an apparent classic on local government. Fischel's book advances more than an "hypothesis." It is a "correlation" that convincingly describes from case studies and case law how real estate economics drives local government. Fischel reports that housing equity in the U.S. is eleven times as large as liquid assets among all homeowners. Home equity ... Read More
Arts & Photography • Biographies & Memoirs • Business & Investing • Children's Books • Comics & Graphic Novels • Computers & Internet • Cooking, Food & Wine • Entertainment • Gay & Lesbian • Health, Mind & Body • History • Home & Garden • Law • Literature & Fiction • Medicine • Mystery & Thrillers • Nonfiction • Outdoors & Nature • Parenting & Families • Professional & Technical • Reference • Religion & Spirituality • Romance • Science • Science Fiction & Fantasy • Sports • Teens • Travel •
