Letters to the Editor

SLO’s high housing prices will backfire

Homes under construction in Nipomo.
Homes under construction in Nipomo. jjohnston@thetribunenews.com

In regard to Gerry Finn’s letter of Sept. 9, “Job ‘opportunities’ in SLO don’t offer a livable wage”:

The elite progressives of SLO are in for a huge awakening. We are a capitalist country, and the free market will prevail. At some point, the middle class will simply lose any interest in buying or renting a home in SLO and its suburbs. Frankly, I can’t see why anyone would choose to live in SLO, considering its high home prices, over a town like Santa Maria, which, by the way, is thriving.

The no-growth policy of SLO has this town on the brink of succumbing to the free market’s law of supply and demand. The artificially overpriced homes in SLO, resulting from SLO’s no-growth policy, will fall out of favor and demand will disappear. There are just too many towns and cities in this state that offer jobs and affordable housing.

In the end, no-growth policies result in no demand and lower home prices — just the opposite of what SLO’s no-growth NIMBYs in their ignorance of economics believe.

Mike Morgan, Los Osos