Sunday, December 9, 2007

Capitalization and Naked Twister

An article on CNN.com details the dispute in Duncanville, Texas, a suburb of Dallas that illustrates several important points about local government that we have discussed over the last two days of class. The issue is one of the homes frequently hosts "swinger" events that draws a significant number of patrons and drawn the ire of the other locals.
Retiree Jack Martin, who lives a block behind Trulock's home, said he's concerned that the parties will reduce the value of his property.
As discussed in class, homeowners concern for the value of their property drives local government behavior, and that can be clearly seen from the points in the article. The local government officials are carefully trying to toe the line on this issue by repeatedly saying they are not interested in intervening in the private life (a signal that would hurt property values), but rather trying to prevent the nuisance of noise, traffic, and parking problems occurring in the area on the nights of these events (which also hurt property values).

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