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To: exDemMom

i am awaiting the logical response.


38 posted on 04/19/2005 12:59:31 PM PDT by cali (a butterfly flaps its wings)
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To: cali

The short answer is that it is a supply and demand problem. Housing is a commodity like any other, and no amount of trying to mandate "affordable housing" or whatever is going to solve the root problem. Rent reform (you did not define any details or give an insight into how it would work) can't help if there aren't enough housing units to begin with.

In Davis, there was a no growth policy. At the same time, the number of enrollments at the university was growing. Apartment vacancy was at less than 1%, and rents were skyrocketing. Homeowners in Davis started building additions to their homes, so they were living on properties with no yards and all house, so that they could rent to students. The Davis city council (the great thinkers that they are < /src >) did not like that, so decided to legislate against it. I'm not sure if rent control was considered, but would it have helped get students into apartments (which were nonexistant)? What finally happened (after a few years of no vacancies) is that the Davis city council allowed a few more apartment buildings to be constructed, the vacancy rate went from less than 1% to over 5 or 10%, and apartment building owners started offering incentives to move into their buildings. Alleviating the housing shortage was the only workable solution.

It is common leftist belief that a supply problem can be fixed by legislation rather than by fixing the actual supply problem. If legislation could fix shortages, the USSR would have been the land of milk and honey.


39 posted on 04/23/2005 10:30:16 AM PDT by exDemMom (Now that I've finally accepted that I'm living a bad hair life, I'm more at peace with the world.)
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