Red-Hot Housing Market Shouldn't Change Planning Principles

Many years ago, overwhelmed by the sheer size of the numbers involved in modern society, humor columnist Russell Baker suggested that we should replace all numbers greater than 10,000 with the word "lotsa." As in, McDonald’s has sold lotsa hamburgers. Social Security entitlements involve lotsa money. A war requires lotsa missiles. These days, a house in California costs lotsa money. Inevitably, the planning system gets blamed for the mess.

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