Good Intentions? $200K/House. Freedom? A buck oh five. Look of Shock on Faces of Social Engineers? Priceless.

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A University of Washington Econ prof has quantified how much ‘good intentions’ cost the average home owner in the city of Seattle. The Portland area Planning Class should take note that Professor Theo Eicher (who will be on the Victoria Taft Show on Friday on KPAM 860. Stream here) has put the cost of those ‘good intentions’ at $200,000.00 per house.

“In a nationwide study, it can be shown that Seattle is one of the most regulated cities and a city whose housing prices are profoundly influenced by regulations,” he says.
A key regulation is the state’s Growth Management Act, enacted in 1990 in response to widespread public concern that sprawl could destroy the area’s unique character. To preserve it, the act promoted restrictions on where housing can be built. The result is artificial density that has driven up home prices by limiting supply, Eicher says.

…Eicher explains that “the statewide growth-management plan gave King County few options but to require that landowners in rural areas that haven’t already cleared their land to keep 50 to 65 percent of their property in its ‘natural state.’ This forced greater density in Seattle.”
“The state is intervening to restrict supply. It’s not that there’s no land at all,” Eicher says.

It’s clear that there are other ways to provide some planning without driving all the poor people and families out of a certain area:

Cities such as Houston and Atlanta, which have few growth restrictions, have shown that. They’ve been able to add enough housing to meet demand, so their home prices have risen more moderately than heavily regulated San Francisco and Boston, which have a harder time increasing housing.

The full story is here.

Tell ’em where you saw it. Http://www.victoriataft.com

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5 thoughts on “Good Intentions? $200K/House. Freedom? A buck oh five. Look of Shock on Faces of Social Engineers? Priceless.

  1. I will try to be listening when this show is on for sure.

    What I can not understand is.. just how much all this Smart Growth in the Portland “Metro” area affects the WHOLE state.

    I know, I know.. that Portland to Eugene Corridor has the vast majority of population… But One Cities plan should not drive all the other.. it makes us like.. Utah and how Salt Lake City affects the other towns in the sate… which distresses me to see here in Oregon

  2. I’m starting to think that our main industry in Oregon is selling the “lifestyle.” Get young 20-something’s to come here, spend their parents’ monetary aid on overpriced housing, in our snazzy little restaurants, etc… then drift away when their bubble bursts. It’s like ultra-slow-motion tourism.

  3. I’m a 3rd-generation Oregonian. My grandmother worked at Meier & Frank in the 30’s and worked at the shipyards in WWII to make ends meet. While I’m slightly left of the middle, I’m sick and tired of being told I should be living in a condo or apartment or townhome and that I don’t need a car or I shouldn’t live 15 miles from work. These Utopian ideals aren’t realistic in the majority of peoples’ cases. I cannot simply move closer to work, or closer to Max. I don’t ride Max now because it a) takes too flipping long and b) the eastside stretch freaks me out (those below-grade stops suck). Oh, maybe I’m just a wimp who hasn’t lived in a “real city”. I was sold this American ideal of buying a home and raising a family and at 26, I can afford neither, as a network administrator for a medical clinic. Hell, I was better off (buying a home) when I was 16 years old making $10.58/hour – at least then you didn’t have to be rich to own your own HOUSE. These Portland city politicians are in some kind of dream world and need a dose of reality – freeway expansions, housing with actual yards, normal people stuff. We need a revolution. I bet most of these folks (Sten, Adams, etc) live in actual HOUSES.

  4. Hi Ryan: Your waking up to Metro and all the Socialist _ _ _ _ that happens up there, good job. HILLARYS friends are frightening and always trying to control the masses.

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