{"id":157,"date":"2003-03-10T10:46:11","date_gmt":"2003-03-10T18:46:11","guid":{"rendered":"http:\/\/glenandpaula.com\/archives\/2003\/03\/10\/a-unique-perspective-on-housing-prices\/"},"modified":"2003-03-10T10:46:11","modified_gmt":"2003-03-10T18:46:11","slug":"a-unique-perspective-on-housing-prices","status":"publish","type":"post","link":"https:\/\/glenandpaula.com\/wordpress\/archives\/2003\/03\/10\/a-unique-perspective-on-housing-prices","title":{"rendered":"A Unique Perspective On Housing Prices"},"content":{"rendered":"<p>A friend of mine (Jimmy Tate) just emailed me an article that offers a very unique perspective on the housing prices in Palo Alto. It\u2019s by <a href=\"http:\/\/www.tsowell.com\/\">Thomas Sowell<\/a> and it\u2019s called <a href=\"http:\/\/www.jewishworldreview.com\/cols\/sowell1.asp\">\u201cDiversity\u201d for Thee, Not Me<\/a>. Here\u2019s an excerpt:<\/p>\n<p><i>Because housing prices are so high in Palo Alto \u2014 and up and down the whole San Francisco peninsula.&nbsp;<\/i><\/p>\n<p>This is not due to supply and demand in a free market. It is largely due to rich busybodies who have promoted severe restrictions on the building of housing under a variety of high-sounding names like \u201copen space\u201d or \u201cenvironmental protection.\u201d I don\u2019t begrudge such people the inheritances that have allowed them to live their whole lives without ever having to lift a finger to support themselves. But it is galling that they are imposing huge costs on hundreds of thousands of other people who have to work for a living.<\/p>\n<p>Anyway, I found it interesting. I do think he overstates the case somewhat (there is a huge demand), but he\u2019s correct that the supply has been artificially supressed. Food for thought.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A friend of mine (Jimmy Tate) just emailed me an article that offers a very unique perspective on the housing prices in Palo Alto. It\u2019s by <a href=\"http:\/\/www.tsowell.com\/\">Thomas Sowell<\/a> and it\u2019s called <a href=\"http:\/\/www.jewishworldreview.com\/cols\/sowell1.asp\">\u201cDiversity\u201d for Thee, Not Me<\/a>.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-157","post","type-post","status-publish","format-standard","hentry","category-of-random-interest"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p6Ded-2x","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/glenandpaula.com\/wordpress\/wp-json\/wp\/v2\/posts\/157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/glenandpaula.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/glenandpaula.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/glenandpaula.com\/wordpress\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/glenandpaula.com\/wordpress\/wp-json\/wp\/v2\/comments?post=157"}],"version-history":[{"count":0,"href":"https:\/\/glenandpaula.com\/wordpress\/wp-json\/wp\/v2\/posts\/157\/revisions"}],"wp:attachment":[{"href":"https:\/\/glenandpaula.com\/wordpress\/wp-json\/wp\/v2\/media?parent=157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/glenandpaula.com\/wordpress\/wp-json\/wp\/v2\/categories?post=157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/glenandpaula.com\/wordpress\/wp-json\/wp\/v2\/tags?post=157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}