23 November 2007
Quote of the week
There are two schools of land-use planning: "reduce sprawl" and "reduce congestion." In practice, those turn into "stop building in low-density areas" and "stop building in high-density areas," respectively.
Sometimes the two sides compromise on stopping all construction. The resulting housing shortage is blamed on greedy landlords and is used as an excuse for more regulations.
In the worst case, rent control. At least Section 8 goes through the motions of paying attention to market values.Posted at 12:01 PM to QOTW