Monday, February 12, 2024

Real Estate Ploy

We are being told we are experiencing an extreme housing shortage. How that happens when we are losing population makes no sense at all to me. Yet the politicians, realtors, and developers are all calling for a building boom. Exacerbating a political ploy, renters are migrating to the suburbs and outlying rural communities. Throw in some Section 8 housing, and you’re on the path to liberal town councils, liberal school committees, and tax increases. And as land prices increase, the farmers are selling out, or the kids inherit the farm and sell off the pieces. Lending more to real estate distortion, sustainable energy incentives are resulting in big business plastering the landscape with solar farms and wind turbines. I heard one rural conservative railing about how easy it is to destroy a small town: Loose zoning laws are taken advantage of, such that a single apartment complex on a couple of acres with a percentage of low-income housing packs in enough liberal voters to nullify the votes of a community of conservative farmers on big acre spreads. You can literally turn a red county blue with one low-income apartment building.  It is glaringly apparent when looking at a map of voting by county, where the entire country appears red except for the island of blue in densely populated cities and urban areas that carry the vote. How preposterous is it that urban and rural apartment dwellers with no skin in the game hold sway over suburban and rural landowners? This is precisely why the Founding Fathers proposed that only property owners should have voting rights, such was their concern about degenerating to “mob rule.”  Benjamin Rush (signer of the Declaration) was most succinct:  A simple democracy…. is one of the greatest of evils.”

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