UCLA management professor Jerry Nickerson thinks he has found a solution to California’s housing affordability problems: high-speed rail. Based on years of data, he has concluded that some Japanese who work in Tokyo and other expensive cities make long commutes on high-speed trains to more affordable cities elsewhere in the country.
What a fantastically dumb idea. There are hundreds of thousands of acres of undeveloped private land right next to the Los Angeles and San Francisco-Oakland urban areas. Most of these acres have little agricultural value and those around San Francisco are currently being used as pasture or range land, meaning they support a few head of cattle, while many of the undeveloped acres around Los Angeles probably don’t even support livestock.
So, to protect these lands from development, California should spend $77 billion to $100 billion or more building a high-speed rail line to the Central Valley, which has some of the most productive farm land in the nation, so that houses can be built on that farm land rather than on the range lands around Los Angeles and the Bay Area. Continue reading
