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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: nextrade! who wrote (25282)11/16/2004 11:31:54 PM
From: David JonesRead Replies (2) of 306849
 
I've plenty of stories/examples of properties screwed over by the politics of NIMBY's or short sighted government. Even my own story which took ten years to work out just to appease the desires of a tiny government agency with inordinate power. The costs or time constants for many properties run past reason. Leaving behind pockets of under or undeveloped lands for the sake of selfish and small minded factions.
As the article mentions 'Environmentalists' I have to say, I've little regard for such particularly the Sierra Club. More than once have I witnessed this organization oppose development for what is advertised as stopping sprawl but in fact only causes said sprawl. Need will always find a way to be filled. These so called environmentalist just don't get it. Next time you drive past an open piece of land while on your morning commute ask yourself why isn't that property being utilized? Time and again the answer will have little or nothing to do with infrastructure constraints or such but fall into the category of special interest politics.
As it has been discussed here on the thread the limit of available land is a factor of high prices. Indeed more times than not there's plenty of land close to employment areas that is over looked for reasons not related to good planing. But for what I can only guess boils down to individuals wants or needs for X amount of space or expectations of X amount of space real or not. Elbow room if you will or fewer people in the popcorn line. Although those effected don't understand there can be two lines they prefer others finding accommodations elsewhere. This need or want of X space is being reflected in the long commutes and high home prices which are rampant here today in many areas Northern California.
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