Ignoring (or being ignorant of) basic economic principles leads to liberal head-scratching. They know their hearts are in the right place, so why doesn’t utopia ensue?
A case in point:
Affordable homes draw flak in Marin
Habitat for Humanity and Marin County seem like a perfect fit: A well-regarded builder of affordable housing meets a progressive locale acutely short of homes for low-income and middle-class workers.
The two have had a rocky relationship.
Habitat for Humanity volunteers in the county grew so frustrated with neighborhood opposition in the 1990s that they disbanded their chapter of the international organization. Habitat is trying again with four proposed houses just outside this upscale town along San Francisco Bay but is meeting more hostility.
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[Bill] Duane says he and his neighbors aren’t “NIMBYs,” the acronym for Not in My Backyard, a label often stuck on affordable-housing foes. Neighbors think the bad traffic around the site on a vacant hillside would get worse, and they say the houses are poorly situated on land that floods in winter.
Let’s quickly dispense with the two objections cited. First, the increase in traffic caused by the addition of four single-family homes must surely be negligible. That’s not the issue. Second, how exactly does a hillside flood? And even if it could, how is that the neighbors’ concern? If Habitat for Humanity wants to build houses there and they’re not violating any zoning laws, surely that’s their business.
The neighbors want to protect their property values. They want their sizeable investments to make money, not lose it. But liberals aren’t allowed to say that. Profit is a dirty word, after all.
The only principle of economics that I can wrap my brain around is the law of supply and demand, but that’s enough to figure out San Francisco’s housing shortage.