Monday, May 30, 2005

Housing Prices Will Create Perverse Politics
Are you one of these recent home buyers in a hot market? Are you worried that after plunking down half a million for a one bedroom in a bad neighborhood in the bay area that prices are going to crash? Do you want to protect your investment that you probably overpaid for? Vote for putative zoning restrictions. Of course, this might not be efficient for the overall market, but is that really your problem?

No comments: