Re: Repost on Growth

["JS M" <jbiggs50@hotmail.com>]

Re: growth

Greg Brown posted this:  "Myth 4: If we try to limit growth, housing prices 
will shoot up. Sounds logical, but it isn't so. A 1992 study of 14 
California cities, half with strong growth controls, half with none, showed 
no difference in average housing prices. Some of the cities with strong 
growth controls had the most affordable housing, because they had active 
low-cost housing programs. Fodor says the important factor in housing 
affordability is not so much house cost as income level, so development that 
provides mainly low-paying retail jobs makes housing unaffordable."

California (especially in 1992) is a really bad example to use.  A lot of 
the high cost of housing in California can be blamed on real estate/land 
speculation.  Most Californians, moderate income or poor, can't afford to 
live there (shhh, don't tell them).  Could it be that there is actually a 
preference to living there?
jm

>From: Greg Brown <gregb@alaskapacific.edu>

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