Posted by Edward Ring at 8:28 pm on May 21, 2014 Comments Off on The Green Bantustans of California
One of the core barriers to economic prosperity in California is
the price of housing. But it doesn’t have to be this way. Policies
designed to stifle the ability to develop land are based on flawed
premises. These policies prevail because they are backed by
environmentalists, and, most importantly, because they have played
into the agenda of crony capitalists, Wall Street financiers, and
public sector unions. But while the elites have benefit, ordinary
working families have been condemned to pay extreme prices in
mortgages, property taxes, or rents, to live in confined,
unhealthy, ultra high-density neighborhoods. It is reminiscent of
apartheid South Africa, but instead of racial superiority as the
supposed moral justification, environmentalism is the religion of
the day. The result is identical.
Earlier this month an economist writing for the American
Enterprise Institute, Mark J. Perry, published a chart proving that
over the past four years, more new homes were built in one city,
Houston Texas, than in the entire state of California. We
republished Perry’s article earlier this week, “… Read More