Coldwell Banker House

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Coldwell Banker House
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Coldwell Banker House  2,200-square feet  4
bedroom  2-1/2 baths  Family room  2-car
garage  Nice neighborhood
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170,000 in Houston
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320,000 in Portland
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422,000 in Modesto
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1,100,000 in San Jose
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Growth-Management Planning Efforts to control the
rate and/or the location of future growth.
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933,000 in London
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Why Is California Housing So Expensive?

• LAFCos
• CEQA
• Planning/Appeals

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Rule Housing will remain affordable as long as
developers have access to vacant, unregulated
land outside of city limits
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Private property is "an institution that
communities reshape over time to promote evolving
goals." Eric Freyfogle
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New York Citys historic preservation "law
embodies a comprehensive plan to preserve
structures of historic or aesthetic interest
wherever they might be found in the
city" Justice Brennan, PennCentral
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New London had "carefully formulated an economic
development plan that it believes will provide
appreciable benefits to the community" Justice
Stevens, Kelo v. New London
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"The taking occurred in the context of a
comprehensive development plan." Justice
Kennedy, Kelo v. New London
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Government regulation is responsible for high
housing costs where they exist. Edward Glaeser
Joseph Gyourko
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The Planning Penalty Added cost per
median-valued home 165,000 in
Modesto 316,000 in Los Angeles 513,000 in
San Jose 850,000 in San Francisco-Oakland area
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The Total Annual Penalty Added cost to all
people who bought homes in the nation, state, or
region during 2005 136 billion in
California 275 billion in U.S.A.
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More volatile prices  Declines in employment
and income Ensures that only affluant people
can afford to live in a region Boutique
city catering only to elite
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In sprawled areas, black households consume
larger units and are more likely to own their
homes. Matthew E. Kahn
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The New Segregation
Had Portland's policies been applied nationwide
over the last 10 years, over a million young and
disadvantaged families, 260,000 of them minority
families, would have been denied the dream of
home ownership. Randall Pozdena
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Solutions Worse Than the Disease Inclusionary
Zoning  Subsidies to Low-Income Housing Rent
controls Tax-increment financing These
practices reduce housing costs for a small
minority by driving up the cost of housing and/or
taxes for everyone else
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Inclusionary zoning produces few units. After
passing an ordinance, the average Bay Areacity
produces fewer than 15 affordable units per
year. Powell Stringham
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Inclusionary zoning makes other homes more
expensive. We estimate IZ causes the price of new
homes in the median city to increase by 22,000
to 44,000. Powell Stringham
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New housing production drastically decreases the
year after cities adopt inclusionary zoning. . .
. New construction decreases 31 percent. Powell
Stringham
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Price controls fail to get to the root of the
affordable housing problem. . . . The real
problem is government restriction on
supply. Powell Stringham
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If policy advocates are interested in reducing
housing costs, they would do well to start with
zoning reform. Edward Glaeser Joseph Gyourko
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Ban Government Planning Repeal LAFCos, CEQA,
and other state planning laws Shut down
city planning Replace planning with User
fees Markets Mission-specific agencies
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Protecting freedom, mobility, and affordable
homeownership
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Recovering from Planning San Jose, CA November
1012, 2007
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Land Use Without Zoning Houston, TX May 1618,
2008
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For more information Web sites
ti.org cato.org americandreamcoalition.org E-mail
rot_at_ti.org