Zatera Ul

Of course

Filed under: General — June 6, 2005 @ 10:39 am

Thomas Sowell hits the nail squarely on the head again:

People who wring their hands about a need for “affordable housing” seldom consider that the way to have affordable housing is to stop making it unaffordable. Foster City housing was affordable before the restrictive land use laws in this area made all housing astronomically expensive.

Contrary to the vision of the left, it was the free market which produced affordable housing — before government intervention made housing unaffordable.

None of this is rocket science. Anyone who can understand the concept of supply and demand can understand that putting most of the land in a whole county off-limits to building will cause the price of the remaining land to rise.

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