RE: Help with a Minimum Wage Model

From: Lee Corbin (lcorbin@tsoft.com)
Date: Thu Apr 10 2003 - 22:16:43 MDT

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    Michael Dickey writes

    > That being said, Ill comment on it since you are so concerned with what I
    > think of the cost of residence. Though I have not investigated this in
    > depth, I find it somewhat reasonable to assume that it may be increasing,
    > given land and property are probably the most definitely finite resource
    > around.

    It turns out that, according to what I read, the main reason that
    rent and the price of land is so high stems from government policy.
    Houston is the great counter-example.

    But it's said that zoning and other government regulations, always
    well-intended, of course, are what make the cost of housing so
    high. Then, besides that, what else is more expensive in constant
    dollars? Nothing that I know of, except possibly---again due to
    people fucking with the market place---medical care.

    Lee



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