What Can You Do with $1 Billion?

On his blog, CD13 rep Eric “The Hammer” Garcetti provides some insight into what Mayor Villaraigosa’s proposed $1 billion bond to finance solutions to the housing crisis would get us. MAV’s proposal is the first discussion I’ve seen about what to do vs. just what’s going on. Hopefully some of it will come to fruition.

11 Replies to “What Can You Do with $1 Billion?”

  1. Increase the supply of dollars available for housing increases the price. Simple economics.
    Also the houses build by the city will have to pay union wages thus increasing the price, thus we won’t get a billion dollars worth of housing.
    Deregulation is the key as always.
    The city cannot build housing as efficiently as the private sector. If there is a shortage its because of city regulations.

    Only a schmuck cannot comprehend this.
    Take your head out of your ass dipstick.

  2. Color me a shmuck too then “Terry.” Yeah, to hell with Villaraigosa for going where no civic leadership’s been willing to go before. Ain’t it a shame the rest of us dipsticks can’t be blessed with your black-and-white insight? And so elequently and tactfully displayed, too.

  3. You should really stop getting your economic theories (not to mention your ‘tact’) from talk radio.

    Increasing demand for housing would have a ‘positive’ (in the sense of raising) effect on prices. Increasing supply of houses would have a corresponding lowering effect. Simple economics.

    We only have to look at the Federal government’s response to Hurricane Katrina for how ‘key’ deregulation is: http://www.msnbc.msn.com/id/9259887/

    The only thing made more efficient by deregulation is how fast rich people make more money. It doesn’t get houses built any faster.

  4. I am swayed by your articulate and cogent (not to mention, anonymus and unattributable) argument, Terry. Given how well deregulation has worked for the power and airline industries, I was a fool to think the answer could be any more complicated.

  5. Robert Daeley wrote, “We only have to look at the Federal government’s response to Hurricane Katrina for how ‘key’ deregulation is:”
    The Feds fucked up according to MSM along with the city and state too. You want to give them more power? Want incentive do they have to save money.

    As for increasing the supply of housing, those houses are going to more expensive than otherwise, and how many do you think will be built? Want incentive, when the city is footing the bill, meaning taxpayers, will the builders have to keep costs down? NONE. To keep costs up? Everything.
    De-regulation in the airlines gave us cheaper prices and same thing with the power industry.
    It was the fuckups in state government who screwed it up.
    God, you people are so goddam dumb.
    Your pathetic shitheads.

  6. Please give poor Terry a break, folks. His small wiener makes him have to compensate by writing vitriolic screeds on other people’s websites. Watch, his head will explode in a minute as he tries (unsuccessfully) not to reply to this topic again as he obsessively reloads the page.

    Terry, get some therapy. Trolling is such a 12-year-old thing to do, and wouldn’t you rather your family finally let you sit at the big people’s table this Thanksgiving?

  7. Great come back Terryfan.
    Want more housing? Abolish rent control and abolish “living wage laws” whatever that is.
    But that would require government giving up power, can’t do that, because the racist democrats think people, especially minorities, are too stupid to run their own lives.

    Specifics, schmucks, where has government provided a product which cost less and is better than the private sector.
    Any answers?

  8. 5000 wrote, “it’s tempting to try to debate him,”
    Well, where are your facts?
    Again the question: Where has government provided a product which cost less and is better then what the private sector could provide?
    Specifics please?
    Come on, if you guys are so fucking smart, you should have no problem providing facts.
    Where are you dips?

  9. Where has government provided a product which cost less and is better then what the private sector could provide?

    It isn’t supposed to. It’s supposed to provide a product available to everyone. Private security is unbelievably better than the LAPD in guarding things, but if my house is getting invaded and I call Post Security and I’m not one of their subscribers, I’m SOL. Private schools are better than LAUSD, but they don’t educate everyone like LAUSD does.

    The same thing holds for housing. Government isn’t supposed to provide the best or most efficient housing – just to make sure everyone has a roof over their heads at an affordable price.

    But I’m drunk right now, so what do I know?

  10. Jimmy 5 wrote, “Government isn’t supposed to provide the best or most efficient housing – just to make sure everyone has a roof over their heads at an affordable price.”
    Where does it say that?
    No, it isn’t the government’s responsibility to provide housing.
    But I am sure that Jimmy 5 represents the beliefs of your daily blogging.la reader. Completely clueless on the role of government in our society.

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