Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (77781)	4/16/2008 1:16:43 PM
From: koan	Read Replies (1) of 116555

YOu make a very good point mish about people not being able to afford houses now. I have been fighting with my city for years over this exact subject. It is elitist. The only way to build affordable housing (and the world environmental model) is increasing density through zoning, not urban sprawl. But the rich often resist density increases as they do not want their property values hurt by high density projects near them and the rich often control the city councils. My town is a perfect example of this. We desparatly need more easily buildable D-18/32/64 land (how many units that can be built per acre.) The city recently rezoned that last good land from D-1 to D-3 which does nothing. The old planners had recommended D-5 when the sewer was put in, but politics negated that when the sewer was completed. In short, we will need large high density projects going forward and we will need to lower our standard of living, but that has been coming for a long time. IMO.

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