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Wednesday, January 04, 2006

Boston Builds More Projects And Thinks It Is Good

I once heard Jack Kemp say that no one brings their rental car to the car wash prior to returning it. Housing guru Howard Husock explains that Boston's Mayor Menino is building massive amounts of subsidized low-income housing that will be a bane to the City for years to come. Husock writes:

The fact that there are often long waiting lists for new subsidized developments should be discounted; there would be similar long lines if the city began to sell gasoline at 50 cents a gallon. Moreover, subsidized developments are hard to maintain. Indeed, some 754 of the ''new" subsidized units created during the Menino years have been public housing units which had fallen into total disrepair.

Like Milton Friedman, Husock feels that rather than subsidizing housing or providing welfare, use of earned income tax credits for those below certain levels of income are a better incentive for better use of government largesse.

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