Kokomo Tribune; Kokomo, Indiana

Columns

October 31, 2013

CRAIG LADWIG: In Indiana, it sometimes pays to be dumb

'Smart Growth' adherents restrict their local economies.

You may not have heard this good news about the Indiana economy: The state has avoided as a whole the mistakes that result in local housing bubbles. And this, among other reasons, is why Indiana remains a relatively good place to live.

This was not intentional, alas, as will be explained, but it nonetheless gives us an advantage.

Wendell Cox, a public-policy consultant who writes on this topic for The Indiana Policy Review, describes the situation in a recent Wall Street Journal article. He argues that Florida has done things wrong while Texas (and by accident Indiana) has done them right — that is, keep local real-estate markets free of the so-called “Smart Growth” plans.

Those of us condemned to cover planning-and-zoning meetings know that Smart Growth has been a green fad for decades. To preserve urban as opposed to suburban aesthetics, not to mention saving the planet, it calls for restrictive land-use policies to limit municipal expansion, prohibiting new housing except in small sections of already dense metropolitan areas. The promise is a more perfect and sustainable city. The reality is a dearth of affordable housing.

Cox confirms what common sense could only suspect, that the municipal planning-and-zoning crowd was ignoring the ruinous costs of its high-minded vision, that being the disruption of the competitive market for land in a community and the driving of prices up for hapless citizens as demand rises sharply in relation to supply.

“These higher prices get passed along to prospective homeowners in higher housing costs — often made even pricier by various other regulations and fees,” notes Cox. “The rapidly escalating house prices, in turn, create the potential for extraordinary profits for speculators — or property ‘flippers.’ Jumping into the real-estate market in considerable numbers, they increase the excess of demand over supply, driving prices higher still, until a bubble begins to expand.”

Text Only | Photo Reprints
Columns
  • RAY DAY: Some laws will do us in In my opinion, we have made laws that are contrary to what they were intended. And this writer is going to let you in on his thoughts about them. One of the things that has been processed incorrectly is the child abuse law. When you tell the parent h

    July 26, 2014

  • MARK HEINIG JR.: Will Pence, Ritz and their playmates ever grow up? Many Hoosier Republicans are curious about Gov. Mike Pence’s future. He probably is, too. Assuming he doesn’t wish to return to Congress or retire from politics, he must decide whether to seek another term as governor of Indiana or run for president

    July 25, 2014

  • LEE HAMILTON: Why congressional incumbents keep getting re-elected It’s no news that Congress is unpopular. In fact, at times it seems like the only real novelty on Capitol Hill would be a jump in its approval rating. In June, a Gallup poll found members’ standing with the American people at a historic low for a mid

    July 25, 2014

  • SEN. JIM BUCK: New laws offer help for kids Families with children who have special needs often face difficulties finding the best care or treatment for their specific circumstance. During the 2014 legislative session, the Indiana General Assembly passed several initiatives to assist these fam

    July 24, 2014

  • BILL STANCZYKIEWICZ: Youth sports leagues are on troubling decline An important youth development activity is looking to end a recent losing streak. Participation in organized youth sports leagues for baseball, football, basketball and soccer declined by 4 percent between 2008-2012, according to a report in the Wall

    July 24, 2014

  • MAUREEN HAYDEN: Expiring term heightens urgency of legislator's mission State Rep. Rebecca Kubacki had plans for her return to the General Assembly next January.The two-term Republican from Kosciusko County wanted to exert “full force” to roll back a law that prevents the children of undocumented immigrants from paying i

    July 23, 2014

  • CECIL BOHANON: Spend down surplus? Been there, done that Back in 1998, the state of Indiana had more than $1.3 billion in surplus funds in its general account. This was about 57 days of state spending. The state had total surplus funds of more than $2 billion that was over 24 percent of its annual operatin

    July 23, 2014

  • MAUREEN HAYDEN: Expiring term heightens urgency of legislator's mission State Rep. Rebecca Kubacki had plans for her return to the General Assembly next January.The two-term Republican from Kosciusko County wanted to exert “full force” to roll back a law that prevents the children of undocumented immigrants from paying i

    July 22, 2014

  • TOM LoBIANCO: Indiana Democrats deal with divide on education On the face of it, the battles between Democratic Schools Superintendent Glenda Ritz and supporters and staff of Republican Gov. Mike Pence have been a unifying force for Indiana Democrats. But the scrapping has exposed a deep rift within the party o

    July 22, 2014

  • BRIAN HOWEY: Is Evan Bayh contemplating another gubernatorial run? This could be the saga of “LeBron Bayh.”Like a thunderhead brewing in the distance, you could see this one coming. This was the progression: former state Democratic Chairman Dan Parker announces he will not become a candidate for mayor of Indianapoli

    July 21, 2014

Latest news
Featured Ads
Only on our website
AP Video
Raw: Air Algerie Flight 5017 Wreckage Virginia Governor Tours Tornado Aftermath Judge Faces Heat Over Offer to Help Migrant Kids Kerry: No Deal Yet on 7-Day Gaza Truce Kangaroo Goes Missing in Oklahoma More M17 Bodies Return, Sanctions on Russia Grow Gaza Residents Mourn Dead Amid Airstrikes Raw: Deadly Tornado Hits Virginia Campground Ohio State Marching Band Chief Fired After Probe Raw: Big Rig Stuck in Illinois Swamp Cumberbatch Brings 'Penguins' to Comic-Con Raw: Air Algerie Crash Site in Mali Power to Be Restored After Wash. Wildfire Crashed Air Algerie Plane Found in Mali Israel Mulls Ceasefire Amid Gaza Offensive In Case of Fire, Oxygen Masks for Pets Mobile App Gives Tour of Battle of Atlanta Sites
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Obituaries
Poll
Kelly Lafferty's video on Tom Miller