Some commenters on this blog still do not believe that growth management makes housing unaffordable. But the premiere of the Australian state of Victoria is convinced otherwise. Over the protests of planners, he has decided to add enough land to Melbourne’s urban-growth boundary to build 134,000 new homes.
This is in response to Melbourne’s extremely high median home prices, which Wendell Cox says are more than seven times median household incomes. (For references, median home prices in Houston — and almost anywhere else that doesn’t have growth management — are about two times median family incomes.)
