Saturday, March 6News That Matters

Tag: Letters

Letters to the Editor: The difficulty with building ‘inexpensive’ housing in affluent neighborhoods

Letters to the Editor: The difficulty with building ‘inexpensive’ housing in affluent neighborhoods

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A brand current condominium building below building within the Palms neighborhood of Los Angeles in March 2020. (Los Angeles Cases)To the Editor: A classic lesson in economics is essential to factual the substantial mistake evolved by your editorial on the housing shortage in Los Angeles.Your suggestion for solving that teach is to provide "inexpensive" residences in single family neighborhoods zoned for "affluent, excessive different communities which hang been traditionally closed to denser, more inexpensive housing." If that in actuality came about, these that dwell in these affluent neighborhoods would transfer out, lowering the fee of these homes. Property taxes would decrease, and taxes on heart and decrease-heart profits of us living in other areas must be raised to carry out up fo...