Foster describes the cost of real estate in the Bay Area. He includes an
analysis of how it relates to past years. He argues that trying to stop
growth is akin to trying to stop a Tsunami. In the process, Foster
describes the no-growth movement. He says the no-growth movement caused
the housing crisis since, previously, the idea was to build more as more
people move to California. He further links the movement with Proposition
13, saying people in large, luxury homes are preventing the building of
other large, luxury homes. Moving on, he is worried about the effect of
high housing prices has on the young, middle, and working classes. His
solution to the problem of high prices is to build many more homes and
bring supply and demand back into balance. He advocates repealing
Proposition 13, but limiting the subsequent tax increase to fifty cents on the dollar.
- Hoover ID: Program 20050302fo
2003c87_a_0003011 - Print item record
- Download item record
- Download low resolution copy
- Order high resolution copy Add to My Collections

