Monthly Archives: July 2016

Who Knew?

Today’s Los Angeles Times brings us an astonishing dispatch under the headline Why Home Costs Keep Rising (7/14/16, at p. C 1). In the Times’ words, quoting from its sub-headline:

“A real estate expert says a shortage of properties is lifting Southland prices.”

Well, what do you know? — you lower supply and prices go up. What will they think of next?

In fairness to the Times we note that this article makes a passing reference to the difficulties faced by developers who want to build housing where people want to live, but you have to search for it by reading the article carefully.