The Cost of Good Intentions
Interesting:
Just some food for thought on a Friday afternoon.
Backed by studies showing that middle-class Seattle residents can no longer afford the city’s middle-class homes, consensus is growing that prices are too darned high. But why are they so high?
An intriguing new analysis by a University of Washington economics professor argues that home prices have, perhaps inadvertently, been driven up $200,000 by good intentions.
Just some food for thought on a Friday afternoon.
Thu, 11/20/2008 00:20
I certainly had not thought that life’s positive externalties like planting a tree in a neighborhood has theology [...]