Smart growth and housing affordability in Portland vs. Houston
Len Gilroy has a great post
at the Reason Out of Control blog on this topic. Read the whole thing
. One excerpt:
Randal also points out another glaring piece of the article -- a discussion with a broker whose claims that their new project of 1,200 sq. ft. townhouses priced between $279,000 and $310,000 "is perfect for first-time homebuyers." What?! Maybe if your household is pulling in over $100K per year, but how many first-time homebuyers fall into that category? Don't homes under $150K sound a bit more feasible for first-timers? Here in Houston, you can pick up a brand new single-family suburban home for under $150. Randal hits it right on when he points out that less land use regulation tends to equate with regional housing affordability. Too bad that Portland planners don't get this.
Most people know Houston has inexpensive housing, but I'll bet you didn't know they could be $150 cheap, did you? I think I'll hit the ATM tomorrow and buy a couple as an investment... ;-)