Measure H , on the L.A. City ballot next week, proposes to raise $1 billion for "affordable housing". Linking up big boondoggle with feel-good, it has a very long list of supporters.
Today's L.A. Times also reports "L.A. sues over unaccounted for funds ... The city, alleging misapporpriation of aid to poor, files a civil suit against former Housing Authority Officials."
There is also the minor issue that housing affordability is a problem mainly because of all of the well-meaning controls put in place by the boondoggle-feel-good crowd (see, for example, Glaeser, Gyourko, and Saks).
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A blog exploring the intersection of economic thinking and urban planning/real estate development and related big-think themes.
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