We all know that as a committed neo-Liberal, Matthew Yglesias cannot always tell the whole story. Today he attacks regulations designed to protect California's coast line by
quoting from an abstract:
So, the regulation both limits new housing supply and raises local housing demand because the community becomes more exclusive.
The bolding is his; the full
quote:
This regulation induced buffer zone is valuable to these folks and this bids up the price of existing homes within the Coastal Boundary Zone. So, the regulation both limits new housing supply and raises local housing demand because the community becomes more exclusive. In addition, I do believe that this regulation also maintains the local beauty of the coast and this is also reflected in the high home prices.
Leaving aside the dangers of unregulated development on any coastline for environmental reasons.
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