[hedgetrimmer]

"Why would people who have inherited great wealth use that wealth in ways that make life harder for people who were not born rich, but who have to work for a living? "

Because they don't want competition for the resources. That's all.

[BenLurkin]

The problem isn't really exclusion of blacks. It is the systematic exclusion of all but the "elite" of the upper middle class. Not coincidentally these are mostly liberals.

[Clemenza]

But there are some places, especially in parts of New York and California, where housing prices are out of sight, even for bungalows in mediocre condition. What is there about those particular places?

This New Yorker has asked the same question Dr. Sowell, as New York is the only place I know of where long-time residents talk about a neighborhood "going to hell" despite having row houses in said neighborhood going for 700K and up. Hell, Harlem hit its first million dollar brownstone about a year and a half ago.

[henderson field]

Immigration is the cause of higher land prices.

[Restorer]

Skyrocketing housing prices have made it virtually impossible for most blacks to live in some communities, where even modest homes or apartments command huge prices.

The truly great Dr. Sowell blows it here, at least as far as the San Francisco peninsula goes. It IS a peninsula. There is only so much land. Many people want to live there because it is beautiful. Completely unrestricted landuse would only delay the advent of skyrocketing housing prices that would result whenever the last acre of space was built over.

In general, he is correct. but not for those few places that everybody would like to live if given the opportunity. By definition, the free market will drive prices in these places out of sight.

[madfly]

ping

[1Old Pro]

Related:

"OPEN SPACE" TAXES. Has your town taxed you yet to "preserve" open space-

"Smart Growth" is "Agenda 21"

 

[hattend]

Skyrocketing housing prices have made it virtually impossible for most blacks to live in some communities, where even modest homes or apartments command huge prices.

Dr Sowell, it's not just blacks. Whites can't afford to live there either. With the gaystapo politics/PC-ness of the city I have no idea why anyone would want to live there. Even if they could afford it.

[Bob J]

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