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Population booms and recessions make me wonder how my current town will survive after the influx of new residents. I grew up not too far from Levittown, PA, and
by milkytron 7y ago
Population booms and recessions make me wonder how my current town will survive after the influx of new residents. I grew up not too far from Levittown, PA, and now live in Lakewood, CO.
Population here has been exploding and new housing has been on the rise for the past five years. There is currently a ballot to slow new housing projects to 1% growth per year. On one hand, I wonder if it’s just artificial restriction of supply to help property values. On the other hand, I do see reason to limit growth to provide the infrastructure needed as growth continues. I’m not sure how to feel about it. Does anyone have any insight into whether artificial housing restrictions could benefit a municipality in the long term?
- RobertoG 7y ago>>"Does anyone have any insight into whether artificial housing restrictions could benefit a municipality in the long term?" I think you can't answer that question without defining what is the intended outcome: what it's a 'benefit'?. If you define the optimal result, in a tautological way, as "whatever the market decide", then, by definition, any restriction is going to be bad. Otherwise, you need to decide what do you want to accomplish (by 'you' I mean the residents of the area) and choose a policy that makes sense.