I have been following the housing market for a while and have seen pricing go from affordable and within reach to beyond reach for many people. I understand that many create a situation which prohibits them from owning a house themselves, but for others who have average to slightly less than average incomes, it is difficult to afford a home. After reading "Free Market Revolution" by Yaron Brook and Don Watkins, I began looking at some of the factors that might prevent people from owning a dwelling of their own.
The cities annex land from the surrounding county and only open a small percentage of lots to purchasing by private individuals. The rest go to development and building companies. Architectural restrictions are enforced, permits are required, and finally inspectors enforce codes and regulations pertaining to the building.
This process excludes many individuals from purchasing a piece of land and building a house within their economic means.
If someone blatantly builds a structure that endangers others and is in contradiction of common sense, there should be some kind of intervention. Otherwise, let them build and help stimulate the economy.
I don't know of anyone who would spend the money to buy land and build a house only to have it burn or fall down. I have been to a developing country that is overpopulated and saw that people could never afford a home if the government intervened like they do here. Private individuals build structures from shanties to beautiful mansions, many without permits and inspections. In spite of the lack of government interference and regulation, there are few fires, collapses, electrocutions and other catastrophies. Most of what happens there is not scrutinized and restricted by the government like it is here.
The housing market is only one example of how the government and its organizations take away our freedom and impose restrictions that stifle an economy waiting to happen. If my government was the CEO of some company, or an employee, they would have been fired a long time ago. Would you keep them employed if you were the boss? Almost anyone I talk to would fire them. Let's start getting organized and ready to take our lives back one step at a time by spreading the word.
Happy tax (extortion) season.
