Thursday, November 02, 2006

Life in the big city

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).