Thursday, March 20, 2008

CARPE DIEM: Houston: The Next Great World City?

CARPE DIEM: Houston: The Next Great World City?:
"This freedom has made Houston the most affordable major city in America, with housing costs that are less than half of most other major urban areas. This freedom has also created an innovative and growth-friendly environment that is creating tens of thousands of new jobs each year."
Well. Not really. Houses are cheap because there is a lot of available land and cheap immigrant labor. In the place of zoning and government regulation, we have home owners associations and thick covenants. They are likely less onerous than governments, but onerous never the less.

Sorry Mark. You just plain missed it on this analysis.

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