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Do you know the cost of San Jose? The high cost of low growth. (Citings).(Housing costs)
Reason
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March 1, 2003|
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COPYRIGHT 2003 Reason Foundation. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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THE DUBIOUS HONOR of fastest-rising housing costs during the last 25 years belongs to San Jose, California. Housing prices there grew 936 percent over that period, beating out even legendarily expensive San Francisco's 821 percent growth.
Housing demand grew because of the city's Silicon Valley location, the center of the computer and Internet industries during their 1990s gold rush. Meanwhile, supply was restricted thanks to the city's rigorous application of growth control planning dating back to 1970.
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