{"product_id":"the-homevoter-hypothesis-how-home-values-influence-local-government-taxation-school-finance-and-landuse-policies","title":"The Homevoter Hypothesis: How Home Values Influence Local Government Taxation  School Finance  and Land-Use Policies","description":"\u003cp\u003eJust 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 homeowners principal assethis homewill 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.\u003c\/p\u003e","brand":"My Store","offers":[{"title":"Default Title","offer_id":44985350651957,"sku":"ByrdShop_0674015959","price":60.81,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0627\/8139\/0901\/files\/9780674015951.jpg?v=1770855642","url":"https:\/\/atxbooks.com\/products\/the-homevoter-hypothesis-how-home-values-influence-local-government-taxation-school-finance-and-landuse-policies","provider":"ATX Books","version":"1.0","type":"link"}