Measure S gives city leaders a moderately satisfying smack across the face. As satisfying as that may be, Measure S is remarkably bad planning and development policy at the expense of the vast majority of Angelinos.
Many households spend more than they can afford on housing and transportation, but the latest International Housing Affordability Survey is wrong to recommend sprawl as the best solution. Real solutions must reduce both housing and transport costs.
The dust from the November election is far from settled, but Los Angeles is already headed back to the ballot box in March. The big ticket item for planning in the city: Measure S, also known as the Neighborhood Integrity Initiative.
This piece from the Vancouver Sun advocates using land value capture taxes to fund transit and related improvements. Such a tax would target speculation, the author writes, rather than productive activity.
Speculation about property values is as old as the U.S. itself, but it used to be much more localized, explains Robert Shiller, Yale economist. Is the recent housing roller coaster likely to repeat itself in the future?