Kokomo Tribune; Kokomo, Indiana

Opinion

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
Opinion
  • Keep eye out for kids

    With most local schools welcoming students in a couple of weeks — and Kokomo schools beginning class Aug. 5 (yes, a week from this coming Tuesday) — it’s important for motorists to think about safe driving as children travel to and from school.Law en

    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 23, 2014

  • LETTERS: Let's hope 7th Circuit sides with couples Let’s hope 7th Circuit sides with couplesIf you blinked over the past month, you probably missed some news about marriage equality in Indiana.First, a federal court ruled that the state’s ban on marriage for same-sex couples was unconstitutional, whi

    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

  • Rob Burgess House of Burgess: Bush? Clinton? Next, please

    Here comes a sentence I don’t usually find myself typing: I agree with Barbara Bush on something. Jan. 20, C-SPAN aired her installment in the series “First Ladies: Influence and Image,” which was filmed at Bush’s Houston home. “Do you think there is room for another Bush in The White House?” asked host Peter Slen. “This is a great American country, a great country, and if we can’t find more than two or three families to run for high office, that’s silly, because there are great governors and great eligible people to run,” said Bush. “I think Kennedys, Clintons, Bushes; there are just more families than that.”

    July 23, 2014 1 Photo

  • State aims at outbreaks More than 200 Western School Corp. students were vaccinated for chickenpox after an outbreak in March 2012.The virus was confirmed to have infected five fifth-graders, the Howard County Health Department reported. It acted quickly to prevent the infe

    July 22, 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

  • LETTERS: Trust chemical, seed firms and the FDA? Trust chemical, seed firms and the FDA?Let’s see ... Mr. Don Villwock, Indiana Farm Bureau president, wants the FDA to define what genetically engineered foods are, and then he wants it to be optional or voluntary for food companies to tell consumers

    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

Featured Ads
Only on our website
AP Video
Ariz. Inmate Dies 2 Hours After Execution Began Crash Kills Teen Pilot Seeking World Record LeBron James Sends Apology Treat to Neighbors Raw: Funeral for Man Who Died in NYPD Custody Migrants Back in Honduras After US Deports Israeli American Reservist Torn Over Return Raw: ISS Cargo Ship Launches in Kazakhstan Six Indicted in StubHub Hacking Scheme Former NTSB Official: FAA Ban 'prudent' EPA Gets Hip With Kardashian Tweet Bodies of MH17 Victims Arrive in the Netherlands Biden Decries Voting Restrictions in NAACP Talk Broncos Owner Steps Down Due to Alzheimer's US, UN Push Shuttle Diplomacy in Mideast Trump: DC Hotel Will Be Among World's Best Plane Crashes in Taiwan, Dozens Feared Dead Republicans Hold a Hearing on IRS Lost Emails Raw: Mourners Gather As MH17 Bodies Transported Robot Parking Valet Creates Stress-free Travel Raw: Fight Breaks Out in Ukraine Parliament
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