Thursday, December 06, 2007

Surprise!

Anthony Downs has been astute in his analysis of the actions of city governments. Many have pursued polices that make housing less affordable. But Downs (and many others) has also been surprisingly optimistic that another layer of government (regional government) can provide a remedy.

Randal O'Toole shows that the opposite is true. Growth management at any level consistently limits housing supply and pushes up prices. Surprise!