I wonder how that cap-and-trade system would be gamed by different interests?
The city would have to zone for the growth, or trade for credits. But zoning isn't the same as construction. It's hard to imagine an alternative without putting the city in the construction business, but it opens up loopholes. The existing system of "housing elements" http://www.hcd.ca.gov/hpd/hrc/plan/he/ seems broadly similar, and leads to some strange planning decisions.
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I wonder how that cap-and-trade system would be gamed by different interests?
The city would have to zone for the growth, or trade for credits. But zoning isn't the same as construction. It's hard to imagine an alternative without putting the city in the construction business, but it opens up loopholes. The existing system of "housing elements" http://www.hcd.ca.gov/hpd/hrc/plan/he/ seems broadly similar, and leads to some strange planning decisions.
http://goo.gl/VMla1K
Expanded goo.gl short link from parent comment (short links are unnecessary on HN as it will elide URLs past a certain length, plus people like to know what they're clicking on): http://www.smdailyjournal.com/articles/lnews/2015-02-05/fost...