December 12, 2005
FOLKS GOTTA LIVE SOMEWHERE (via Luciferous):
Limits on homes push up prices (Patrice Hill, December 12, 2005, THE WASHINGTON TIMES)
Escalating prices that have made houses unaffordable for many people in Washington are mostly the result of homeowners using political and regulatory means to block construction of new housing, economic studies show.
Washington home prices continued to soar last month despite a slowdown in sales, with gains of 21.5 percent and 18 percent over November 2004 in the District and Montgomery County, respectively, the Greater Capital Area Association of Realtors reported this week.
Nothing incentivizes elitism like when keeping the riff--raff (everyone unlucky enough to build after you) out also increases the value of your own home. Posted by Orrin Judd at December 12, 2005 3:29 PM
Comments
It was a bad idea to get born after the baby boomers.
Posted by: pj at December 12, 2005 8:27 PMzoning mischief does affect prices but the builders have also been pushing mc mansions real hard now for a few years which also limits entry and mid level offerings.
the boomers will get theirs, in time.
Posted by: anon at December 13, 2005 1:54 AM
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