But There's More Room for Squirrels
15 September 2007
News Editor, WTOP Radio
To the Editor:
I waited in vain for you to draw your listeners' attention to the connection between two of your reports today. The first report - delivered in a grave voice - was of how rising rents are financially squeezing low-income families. The cause you give for these rising rents is a "housing shortage."
The second report - delivered in an upbeat, almost triumphant voice - was of how Virginia Gov. Tim Kaine has set aside yet more land in that state as a nature preserve.
As government declares more and more land off-limits for development, it reduces the potential supply of new houses and apartments, thereby causing housing prices and rents to rise. More nature preserves might be desirable, but people should be made aware of their long-term costs.
Sincerely,
Donald J. Boudreaux
Chairman, Department of Economics
George Mason University
News Editor, WTOP Radio
To the Editor:
I waited in vain for you to draw your listeners' attention to the connection between two of your reports today. The first report - delivered in a grave voice - was of how rising rents are financially squeezing low-income families. The cause you give for these rising rents is a "housing shortage."
The second report - delivered in an upbeat, almost triumphant voice - was of how Virginia Gov. Tim Kaine has set aside yet more land in that state as a nature preserve.
As government declares more and more land off-limits for development, it reduces the potential supply of new houses and apartments, thereby causing housing prices and rents to rise. More nature preserves might be desirable, but people should be made aware of their long-term costs.
Sincerely,
Donald J. Boudreaux
Chairman, Department of Economics
George Mason University
Posted by Don Boudreaux on
Saturday March 8, 2008 at 10:36am