“Although the legislation touts the 30,000 units of affordable housing that were produced during the past decade through inclusionary mandates, it ignores the fact that the mandates reduced the growth of new housing by a far-greater number. In Los Angeles and Orange counties alone we estimate that during the period we studied more than 17,000 potential new homes were never built due to the inclusionary zoning requirement, while only 770 inclusionary units were added. Politicians like inclusionary zoning because it allows them to champion affordable housing without having to directly raise taxes. But the new houses aren’t free. Someone must pay for them.”
http://www.independent.org/newsroom/article.asp?id=4726
Related posts:
Jeffrey Tucker: Mises Can Save the World
Political Savvy of Osama Bin Laden vs. US Foreign Policy Establishment
Making the Victim Pay for the Bullet
Jim Bovard: How 'Food for Peace' Hurts Foreign Farmers
Bill Bonner: Too Much Of A Good Thing
Teenage Dystopia: The Cycle of Oppression and Resistance
The Source of Systemic Crisis: Risk and Moral Hazard
Cannabis: History, Legalization, Regulation, & the Public Health Model
"I'm Going to Take Him Out"
Neocon think tank next to call out racist, pro-war roots of War on Drugs
Attempts To Eliminate Cash Are More Than A Privacy Disaster
Barack Obama’s Nixonian Fed Pick
4 Ways Living Abroad Can Give You More Freedom
Casey's Louis James Warns: 'Don't Try to Time the Market'
After the Storm (Part 2 of 2)
