Replication Data for: Running the hedonic treadmill: Lateral insecurity and foreign real estate investment

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Authors: Adam Hobbs
Cited by: 0

Abstract

How do housing affordability concerns shape attitudes toward foreign real estate investment (FREI)? I argue that rising housing costs coupled with stagnating wages generate feelings of lateral insecurity, where even modest moves within local housing markets become difficult. These perceptions of economic constraint increase support for restrictive FREI policies. Using a survey experiment fielded on the 2024 Cooperative Election Study, I show that priming housing unaffordability raises lateral insecurity, which in turn increases exclusionary policy preferences. Causal mediation analysis indicates that these effects operate primarily through perceived insecurity rather than direct persuasion. Merging ZIP code–level housing price and income data, I further demonstrate that objective affordability pressures predict both insecurity and policy attitudes. Together, the results show that housing markets influence political behavior not only through wealth accumulation but also through perceived threats to economic mobility.

Fields of Study & Subjects

Housing Market and Economics Electoral Systems and Political Participation Housing Finance and Neoliberalism

Publication details

Journal / source
Harvard Dataverse
Publication date
10 February 2026
Language
EN
Document type
Dataset