{"id":159,"date":"2007-06-30T05:23:14","date_gmt":"2007-06-30T09:23:14","guid":{"rendered":"http:\/\/www.lucas-photo.com\/blog\/?p=159"},"modified":"2009-07-24T11:17:43","modified_gmt":"2009-07-24T15:17:43","slug":"impacted-wisdom","status":"publish","type":"post","link":"https:\/\/lucas-photo.com\/blog\/2007\/06\/30\/impacted-wisdom\/","title":{"rendered":"Impacted wisdom"},"content":{"rendered":"<p>Looking back at runaway housing inflation, and seeing the breadth of spec development that it spawned, and wondering how severe the impact is going to be when it all collapses, I came up with what is in retrospect a brilliant idea:<\/p>\n<p><em>Tie development impact fees to the prime lending rate. <\/em> <\/p>\n<p>The lower the lending rate goes, the higher the impact fees.   That would help put a governor on the misperception of instant riches to be found in unrestrained development.<\/p>\n<p>There&#8217;s some applicable saying about &#8220;hindsight&#8221;, but there&#8217;s another one involving a barn door and a horse.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Looking back at runaway housing inflation, and seeing the breadth of spec development that it spawned, and wondering how severe the impact is going to be when it all collapses, I came up with what is in retrospect a brilliant idea: Tie development impact fees to the prime lending rate. The lower the lending rate [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20,9,7],"tags":[],"class_list":["post-159","post","type-post","status-publish","format-standard","hentry","category-best","category-gainesville","category-ramblings"],"_links":{"self":[{"href":"https:\/\/lucas-photo.com\/blog\/wp-json\/wp\/v2\/posts\/159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lucas-photo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lucas-photo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lucas-photo.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lucas-photo.com\/blog\/wp-json\/wp\/v2\/comments?post=159"}],"version-history":[{"count":0,"href":"https:\/\/lucas-photo.com\/blog\/wp-json\/wp\/v2\/posts\/159\/revisions"}],"wp:attachment":[{"href":"https:\/\/lucas-photo.com\/blog\/wp-json\/wp\/v2\/media?parent=159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lucas-photo.com\/blog\/wp-json\/wp\/v2\/categories?post=159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lucas-photo.com\/blog\/wp-json\/wp\/v2\/tags?post=159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}