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Apr 14, 2006

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Steve Scott

Greetings! I found your link through the Blessed Economist (he links to me, too).

One thing often (okay, always!) overlooked with regards to property ownership in a place like the US is that the combination of zoning laws, minimum wage laws, building codes and ordinances and building permit processes creates a minimum wealth threshold for participation in land ownership. Zoning laws create a minimum size lot (hence purchase price) in a community. It is not therefore surprising that the poor remain poor. They are priced out of living in the community of their choice.

Steve Scott

Update to my previous comment: I should have written, "They are priced out of living in the community of their choice - by law."

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