Thursday, August 29, 2013

California Progressives Crushing California : Housing Costs Sky Rocket

Hurray for California that is setting records for driving people out of the state or securing their place in poverty, and breaking even those records every year with even more outrageous spending and new regulations.

Why are they doing this, easy, because they can and because they firmly believe it's for the good of everyone. The fact that the progressives socialist liberal agenda is killing the state as well as the entire country is totally lost to them.

As this travesty takes place in California, and for the most part Illinois, I have come the conclusion the progressive Democrat is mentally incapable of rational thought. It's a mind set that can not be changed or altered, even when faced with the stark reality of total failure. They will always have reasons why their ideas, their agenda of shared sacrifice, didn't materialize as proposed. They firmly believe that the only way to make the failed program a success is to double down on it, they just didn't go far enough to make it work. Taking responsibility never enters their minds.

In the end when all avenues of the true laws of liberalism have been used, take from the productive and give to the unproductive is one, have been exhausted and failure still loom large, this is when the finger pointing begins to make sure, in their minds, their agenda never failed due to their ideas, it those people other there that caused the system to fail.

The progressive socialist liberal Democrat will never, ever take responsibility for their own actions. It's not part of their DNA. The progressive liberal Democrat cannot determine right from wrong. If you have ever had a debate with a progressive liberal, it becomes very clear from the beginning, they haven't the ability to discuss conflicting with ideas that they harbor. They are never open to suggestion that begins with an alternative to their agenda. There aren't any alternatives.

Responsibility is used as a weapon that the progressive can use to force others into making the hard decisions that lead to success but then step forward and take the credit for having lead the way. And there always those in the media that will trumpet claims for the success by losers to the less informed and low information voter, sealing the fate of the those that did the hard pulling to the finish line.

So what is the result of failure after failure of the progressive socialist agenda, California and Illinois are the tip of the disasters to come among other states, and if you can believe it the entire country with electing more Democrats. Sigh -

California Homes Require Real Reach
Source: Joel Kotkin, "California Homes Require Real Reach," New Geography, August 19, 2013.
August 28, 2013

In the 1950s and 1960s, Southern California was ground zero for the "American Dream" of owning a house. From tony Newport Beach and Bel-Air to the more middle-class suburbs of the San Fernando Valley and Garden Grove to working-class Lakewood, the region created a vast geography of opportunity for prospective homeowners.

Today, with house prices again skyrocketing, Southern California is morphing into something that more resembles a geography of inequality, says Joel Kotkin, a distinguished Presidential Fellow in Urban Futures at Chapman University.

Now, even the middle class is forced into either being "house poor" or completely shut out of homeownership, or may simply be obliged to leave the area. Even more troubling is that the working class and the poor suffer from the kind of crowded, overpriced housing conditions sadly reminiscent of those experienced during the Depression and World War II.
  • Judged by the "median multiple" (the median income divided by the median house price) California's prices for a generation have soared well above the national averages.
  • Demographer and National Center for Policy Analysis adjunct scholar Wendell Cox notes that, until the early 1970s, California's house prices were similar to those in the rest of the United States.
  • The National Association of Realtors data indicates that the median house price in California at that time was 7 percent above the national average. By 2013, the price differential had risen to 109 percent.
Portland State University economist Gerald Mildner refers to this as "Economics 101," indicating that "as the demand for property in a region grows, the increase in demand translates into some combination of more space and high prices, depending upon the elasticity of supply."
Besides regulatory restraints, California housing prices are driven up by the highest impact fees in the nation.
  • An annual survey by Duncan and Associates shows that the average impact fee in California for a single-family residence in 2012 was $31,100 per unit, nearly 90 percent higher than the next most expensive state and 265 percent higher than the norm among jurisdictions that levy such fees, which typically pay for capital improvements, like water and wastewater facilities, required by a new development.
  • These fees also impact multifamily housing; the state's fees on multifamily units averaged $18,800, 290 percent above the average outside the state.
 

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