bostonbubble.com

[gdma]

I think better urban planning is needed, but less so because of trying to help lower income earners. Planning is needed to ease traffic problems, and position places of commerce, worship, schools, social, etc. in accessible locations.

When you bring up reasons like having to overbuild to make housing more affordable, it's no longer the market economy at work. It is in some towns' interests to set up affordable communities, because then their tax base increase and as those who move there prosper, these towns also grow.

It is against other towns' interests to do so - maybe they are marketing themselves as prosperous, luxury towns. If they require services that require lower income earners, and those people are driven too far away, they will require a premium to serve residents of this town or just refuse to serve them. These towns will soon learn their exclusion policies need some tweaking to reach a better equilibrium.

What's bad about that?

[Guest]

I think the increase in the supply over the spring/summer was the tax credit and seasonal combined. When they finished, we back to where we were ...same old, same old stand off between delusional sellers and sideliners. Foreclosures will continue to be the suppliers for the next year or two.