Government power reduces social mobility
Tags: eminent domain, Public Schools
By: johnnyb
Item # 6,517,042:
Sowells monthly rant on California’s interference with the housing market.
Posted at 06:01 pm by Johnny B
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Posted by BP @ 06/03/2005 12:16 AM PDT | |
| Sowell makes a good point at the obvious disconnect between strict zoning laws and “affordable” housing; however, the “anti-growth” view has its merits. In the Northern VA (DC Metro) area, prices are skyrocketing as well, and one of the fastest growing counties in the nation (the county in which I just bought a home) is poised to double in population within the next twenty years or so. The challenge …is that the people just moving in can have the tendency to think “anti-growth” because more development takes away from the reasons that they moved into the area in the first place.
Their logic (and part of me tends to agree) is, “If I am already paying an exhorbitant amount of money for a property, I’ll be damned if I let myself be surrounded by 100,000 ‘affordable’ condos.” Just a thought. |
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Posted by JohnnyB @ 06/03/2005 12:25 AM PDT | |
| I just want the bubble to burst in California so I can get a house cheap. The good news about all these skyrocketing home prices is that all the eventual foreclosings ought to come up fairly soon. How’s that for optimism? |
