Advertisement

No-Growth Unfair

I’m mad as hell about the no-growth initiative.

I am saving for a down payment on our first home. Believe me, it is not easy. If you read the classifieds, the average home costs upward of $150,000.

Now, along comes this no-growth initiative. It will reduce new home building to 4,000 houses a year. What does that do to housing prices?

They go even higher. In fact, I heard about a study that said home prices will increase by more than 2.5% if the no-growth initiative passes.

Advertisement

By my arithmetic that’s about a $4,000 price hike on an average home.

This is not fair to people like me who work hard and pinch pennies to buy a decent home. It would take me over a year longer to save that much more money.

And the silly thing about this no-growth initiative is that it won’t even reduce traffic.

The no-growth initiative is the wrong answer for people like me looking for an affordable home.

SANDRA HAXTON

San Diego

Inside the business of entertainment

The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.

Advertisement
Advertisement