One way to cause the value of housing to go up is to limit the supply of housing. Hence, existing housing will have more people going after fewer homes. That is basic Economics I, a class that radicals seldom take. They prefer emotion and ideology to the needs of families and community.
The Star ran a story today noting that the anti-freedom initiative to limit housing has qualified for the November ballot.
By limiting housing, communities also limit families for schools (declining enrollment), have higher housing costs (meaning fewer children in schools) and limits sales tax revenues for the community.
All in all, artificial limits on housing supply is a bad idea. Hurts families, jobs, city revenues.
The people of Fillmore will have a chance in November to close their town, in a small step. In the end, these laws, which raise housing costs, squeeze out the middle class. Just look at San Francisco.,
Totalitarian nations tell people where they are allowed to live. By raising the cost of housing Fillmore will be telling future residents be rich or don't bother looking.
The free market sets prices based on need. Housing limits set prices based on greed of those already in a community. The only winners are those that already own homes in Fillmore. The value of their homes, over time, will grow. Of course, at some point the costs will be so high their children will be forced to live elsewhere..
Artificial limits harm everybody. But Luddites do not care. They want their way and throw a tantrum if they do not get it.
Now the people of Fillmore have a chance to tell the Luddites and ideologues they prefer freedom to raising housing costs.
Come November we will know if a majority of Fillmore residents passed Economic I.
What do you think?


