Why more Porsches means cheaper Priuses

Housing supply, again

Beverly Hills is a famously wealthy, famously expensive town that has great local amenities, including very pleasant weather that facilities a low-emissions lifestyle.

In other words, it’s exactly the kind of place that a wise state government would rezone for higher-density housing. If there is a plot of land in Beverly Hills that is zoned for residential use, there really shouldn’t be a limit on how many people can live there. If you want to split a big parcel up into two modest-sized single-family homes, that should be legal. If you want to do duplexes, that should be legal. If you want a row of attached townhomes, that should be legal. If you want to do big-ass apartment towers, that should be legal. A huge expansion of housing options in Beverly Hills would be good for the economy of California, and good for the country.

Of course, if nonprofit developers want to build subsidized “affordable” units in Beverly Hills, that’s great. If the government of Beverly Hills wants to subsid…