Friend, Every year I grow increasingly concerned about the prices of
houses, especially for young people like my children. It seems every day we hear state officials and politicians discussing the urgent need for
affordable housing in Washington state. Yet, the laws and regulations imposed by these same officials often have the opposite effect, artificially
driving up the cost of housing. It is estimated that public
policy – state and local laws, permitting, building restrictions, and regulations – add on average $144,000 to the cost of constructing a
new, median-priced home. Until 1990, regional authorities
managed much of the permitting and zoning in Washington, responding quickly and flexibly to local housing needs. However, the passage of the
Growth Management Act centralized these processes, significantly contributing to the rise in housing costs.
Our research concludes:
- The Growth Management Act is driving poor regional planning policies, increasing costs for housing, transportation, and goods.
- Permitting for building is slow and expensive.
- Banning the use of natural gas
will drive up new construction and remodel costs.
- Restrictions on background checks are increasing rent
costs.
- Rent control, where passed, drives up rent costs.
- Municipal and state regulations increase housing rental costs.
- Indirect government actions are
raising housing costs.
- Unnecessary government mandates are increasing costs.
We believe it's time for change. Streamlining regulations and the permit process can make homeownership
more accessible for everyone. Join us in
our mission to unlock affordable living. Stay informed on the policies that impact your life and
get exclusive access to our latest news, analysis and studies by signing up for our free weekly newsletter. Together, we can work
towards a future where affordable housing is a reality. Best regards, Mark Harmsworth Center for Small
Business Director | |