You might not have heard this good news about the Indiana economy: The state has avoided as a whole the mistakes that result in local housing bubbles. And this, among other reasons, is why Indiana remains a relatively good place to live.
This was not intentional, alas, as will be explained, but it nonetheless gives us an advantage.
Wendell Cox, a public-policy consultant who writes on this topic for The Indiana Policy Review, describes the situation in a recent Wall Street Journal article. He argues that Florida has done things wrong while Texas (and by accident Indiana) has done them right — that is, keep local real-estate markets free of the so-called “Smart Growth” plans.
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