Home Front: Values hold up in cities that limited growth

[FreakinDJ]

Home Front: Values hold up in cities that limited growth

By Jim Wasserman

In the aftermath of the Sacramento region's housing boom it's abundantly clear now that keeping a lid on housing growth can pay off for cities and their inhabitants' home values over the long run.

Yolo County property tax assessments announced Thursday show that Davis, long resistant to growth, is having none of the declining values associated with fast-growth suburbs throughout the capital area.

Neither is farmland that county activists work to save from residential development. Agricultural values for tax purposes climbed 3.5 percent over last year, records show.

In Davis, home to 66,000 residents, property values for tax purposes are up 2.8 percent for the fiscal year that began July 1. While that may have happened for a variety of reasons, one stands out in particular. It's the "slow growth of housing, especially during the boom years," said county Assessor Joel Butler. "There were no large tracts built there," he said.

http://www.sacbee.com/736/story/2051931.html

[Arugula Latte]

1. We have an urban growth boundary in Portland, Ore. and home values are holding. nt

[CountAllVotes]

2. no growth in Dixon, CA

who woulda thunk? It is a dump. }(

[RaleighNCDUer]

3. It only makes sense, and explosive growth is only indicative of a bubble

and if an area is bubble-resistant it is equally resistant to the collapse of the bubble.

Urban planning doesn't always work as planned,

but it USUALLY does. That's why it is called 'planning'.

[FreakinDJ]

6. Here Developers have "Free Run"

and the alarming number of foreclosures in those same developments exemplifies the need for actual planning. Not just hefty campaign contributions to the City Councilmen of your choice.

On many of the streets in those same developments there was 40-50% foreclosure rates. It was eerie to see the EMPTY neighborhoods.

Growth, for the sake of Growth is just plain bad for any city

[Turbineguy]

4. And good tranportation systems

another bane to the Republican Paradise.

[Synicus Maximus]

5. If you limit the supply of anything that is desirable or needed the

price will stay higher than if there is an abundance of that item.

[RaleighNCDUer]

7. By the same token, if you overproduce something for which there

is no need, the price will collapse.

That's why half the books in the bargain bins are from Regnery Press.