It’s a valid point of view. That said, for most homeowners it is as simple as: My house is multiples More expensive than my next expensive asset. Loosing all the equity in my home will affect my lifestyle and financial future negatively, a lot. I will therefore continue to vote against whatever brings home values down.

There really isn’t an easy and elegant way out where you neither pay off the haves nor pitch the have nots majority against the haves.