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.
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