A maddening editorial by Thomas Sowell appeared in the Dallas Morning News and other papers (AP). His point being that the preservation of open spaces is driving up housing costs.
While Sowell rails against the “liberals” who seek to protect this open space against housing development, people cut from this kind of cloth never seem to mention the subsidies that have gone into highway development that threaten the open space in the first place. And freeways aren’t the only way big government subsidizes suburbia and threatens open space.
Nor mentioned are the other mechanisms in place that effectively limit housing supply, among them historic preservation ordinances, zoning, deed restrictions and height restrictions.
And isn’t California as much of a big government state as they come? Why does everyone want to live in this big government state enough that a simple bungalow could demand nearly $2 million?
Luckily, his arguments are somewhat of a moot point now. There isn’t so much demand for housing in the exurbs these days. Sowell is clearly still debating the hot topics of the 1980s.