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
  • ANDREA NEAL: Fleeting canal era had lasting impact on state Editor’s note: This is one in a series of essays leading up to the celebration of the Indiana Bicentennial in December 2016. In 1825, the Erie Canal was completed to great fanfare. Cannon fire, parades, balls and speeches celebrated the speed and ski

    July 30, 2014

  • Schools need kids' parents For school-age children in southern Miami County — and their parents — this is a seminal week. Classes start at Maconaquah schools on Friday.School starts for the rest of the Kokomo area next week.Before your children head back to school, ensure they

    July 29, 2014

  • TOM LoBIANCO: Pence, Bayh crowd field with questions In the 2016 political landscape, a pair of the state's political big dogs -- Republican Gov. Mike Pence and former Democratic U.S. Sen. Evan Bayh -- have potential candidates holding their breath and waiting on them. Until Pence says otherwise, he's

    July 29, 2014

  • LETTERS: No excuse letting trimmings rot at curb No excuse for letting trimmings rot at curbWe live in a recently annexed, east-side subdivision — a nice, clean, well-kept subdivision where almost all homeowners take pride in and maintain their homes and lawns.Before the annexation, we paid for our

    July 29, 2014

  • JEFFREY McCALL: All things Hillary are not news, just distractions This column has nothing to do with who should or will win the presidential election in 2016. It has nothing to do with partisan politics of any flavor. This column does, however, assess how television is oversaturating the "news" agenda with countles

    July 29, 2014

  • BRIAN HOWEY: World is rising up to meet Putin's thuggery Any illusions I had about the progressive nature of Vladimir Putin’s Russian regime quickly dissipated when I returned to my Moscow Grand Marriott room in August 2007. Upon opening the door, I was greeted with the spectacle of my papers and note pads

    July 28, 2014

  • LETTERS: Parents taking fun out of youth sports Parents taking fun out of youth sports I enjoyed reading the article, "Nation's youth sports leagues on troubling decline," by Bill Stanczykiewicz, CEO of the Indiana Youth Institute, and the last paragraph, a quote by Dr. Bill Dexter, president of t

    July 28, 2014

  • DICK WOLFSIE: A trip to end all trips My wife is planning a very exciting vacation to celebrate our 35th wedding anniversary. This was a big surprise to me. Not the vacation part, but the 35 years. I thought it was 34. Right now she is on the back porch, the patio table stacked high with

    July 28, 2014

  • WEEKLY WRAP: Legal marriages should be honored Legal marriages should be honoredAn eager and probably nervous couple stands before a minister or a judge or a county clerk and exchanges vows, accepting the legal, moral and ethical obligations of a marriage.The couple has properly obtained a marria

    July 28, 2014

  • Right-to-work unnecessary It has been a crime for Indiana employers to enter into labor contracts that require workers to pay union dues since Feb. 1, 2012 — the day then-Gov. Mitch Daniels signed legislation making the Hoosier State a “right-to-work” state.Whether Indiana ke

    July 27, 2014

Featured Ads
Only on our website
AP Video
Two Women Narrowly Avoid Being Hit by Train In Virginia, the Rise of a New Space Coast New Sanctions on Key Sectors of Russian Economy Crayola Announces Family Attraction in Orlando US Ready to Slap New Sanctions on Russia Kerry: Not Worried About Israeli Criticism Boater Rescued From Edge of Kentucky Dam Girl Struck by Plane on Florida Beach Dies Rodents Rampant in Gardens Around Louvre House to Vote on Slimmed-down Bill for Border Looming Demand Could Undercut Flight Safety Raw: 2 Shells Hit Fuel Tank at Gaza Power Plant Raw: Massive Explosions From Airstrikes in Gaza Giant Ketchup Bottle Water Tower Up for Sale Easier Nuclear Construction Promises Fall Short Kerry: Humanitarian Cease-fire Efforts Continue Raw: Corruption Trial Begins for Former Va Gov. The Carbon Trap: US Exports Global Warming Traditional African Dishes Teach Healthy Eating
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