Our problem is that we keep having children who become Liberals for a short time before reaching full adulthood.
Now, to be sure, some of those kids become infatuated with the concept of Liberalism and make it a lifestyle, but by and large….our youth outgrow their Liberal tendencies nicely.
Which leads me to this point.
We know that the housing bubble lead to our current economic malaise. AND we know what lead to the housing bubble.
The problem? Yesterdays children don’t.
The bubble was created because we, the government we, felt that all people needed to own a home. And so, we, the government we, created a scenario in which anyone, regardless of income or wealth, could march into a money selling place and buy money. In fact, they could buy money often times without having any money at all. Or even any HOPE of ever GETTING any money.
So, housing went up and up and up—until it didn’t. And when it didn’t, it crashed.
So we learn and move on. Right?
Chapel Hill, N.C. — Town officials looking to expand affordable housing options in Chapel Hill are meeting with different segments of the community to establish some goals and priorities.
Eegads! Housing is unaffordable in Chapel Hill? How do we know?
According to a residential market study completed in December, Chapel Hill has the most expensive housing in the Triangle, with a median home sale price of $323,300 last year. By comparison, the median price was $270,000 in Cary, $185,000 in Raleigh and $164,000 in Durham.
Oh. I see. Because a thing in one place is more expensive than a thing in another, we have a problem.
I wonder why houses in Chapel Hill are so expensive?
Loryn Clark, neighborhood and community services manager for Chapel Hill, said the limited amount of undeveloped land in the town and the lengthy approvals process for new developments are two reasons homes and apartments are pricier in Chapel Hill.
Oh. I see. Two perfectly good reasons.
- Supply and demand
I wonder if Ms. Clark agrees? Let’s see.
Chapel Hill has tried to deal with housing costs before. One response was to require developers to set aside 15 percent of new projects for lower-priced homes.
Clark said officials are now trying to reach out to various groups to find new ideas to address the issue. Officials have met with local teachers, public safety personnel and people who work at UNC and UNC Hospitals, she said.
“Rather than just talk to the agencies themselves, we are actually talking to the people who are looking for housing to hear from them what their needs are,” she said.
Some people have suggested changing the income requirements for Community Home Trust, which administers the 15 percent set-asides in developments.
Yeah….nope. She doesn’t.
When faced with the truth, like things in short supply cost more, and government regulations, like overly regulated land use laws, the Liberal doesn’t understand. Their only answer is to add yet MORE regulation.