Housing

The ‘Affordable Housing’ Fraud

The ‘Affordable Housing’ Fraud

It is no coincidence that housing prices in coastal California began skyrocketing in the 1970s, when building bans spread like wildfire under the banner of “open space,” “saving farmland,” or whatever other slogans would impress the gullible.

Rent Control Hypocrites

Rent Control Hypocrites

Those who benefit from government coercion seldom like it when the gun is turned around and pointed at them. They have no hesitation to demand that government use compulsion for their benefit, but complain when compulsion is directed at them. As an...

Zoning Versus the Internet

Zoning Versus the Internet

The stated purpose of zoning is to control land use within a community to prevent “incompatible” land uses and to promote planning. Most Americans accept zoning as a “necessary evil” that prevents pawn shops and factories from operating in...

Building Safely without Government Building Codes

Building Safely without Government Building Codes

Most people accept building codes as a necessary government intervention. One Website states: Codes provide minimum standards for building construction in order to safeguard the public’s safety, health, and welfare. Another Website states: If we...

Zoning and Tyranny

In 2007, I served as a consultant to a group of citizens opposed to an attempt to bring zoning to Hobbs, New Mexico. During that time, I wrote a series of articles that were published in the local newspaper. This is one of those articles. In a...

The Nature of Zoning

In 2007, I served as a consultant to a group of citizens opposed to an attempt to bring zoning to Hobbs, New Mexico. During that time, I wrote a series of articles that were published in the local newspaper. This is one of those articles. In a...

Rent Control Hypocrites

Those who benefit from government coercion seldom like it when the gun is turned around and pointed at them. They have no hesitation to demand that government use compulsion for their benefit, but complain when compulsion is directed at them. As an...

Nuisance, Zoning, and Property Rights

One of the primary justifications for zoning is to prevent “incompatible” land uses, such as keeping industrial facilities out of residential areas. Such “incompatible” uses are regarded as an inherent nuisance, and rather than wait for the...

Out of Order

Out of Order

While JP Morgan CEO Jamie Dimon has been credited for a confident and feisty performance today in front of Congress, he was careful to not criticize their efforts thus far to regulate the financial services industry. Given that JP Morgan has been...

America Mortgaged at an Adjustable Rate

America Mortgaged at an Adjustable Rate

The Federal Reserve ran another "stress test" on major financial institutions and has determined that 15 of the 19 tested are safe, even in the most extreme circumstances: an unemployment rate of 13%, a 50% decline in stock prices, and a further...

Housing Will Remain a Government Program

Housing Will Remain a Government Program

Recently, the Obama Administration seemed to flash a rare sign of laissez-faire thinking when it issued a report calling for the “winding down” of Fannie Mae and Freddie Mac, the two taxpayer-guaranteed institutions now...

The Housing Boom and Bust

The Housing Boom and Bust

Hot off the press is my colleague Dr. Thomas Sowell's 43rd book, "The Housing Boom and Bust." The book is an eye-opener for anyone interested in the truth about the collapse of the housing market that played a major role in our financial market...

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