Redevelopment Feasibility INTRODUCTION Study Purpose The pur

The fastest growing segment of the American population in the last years of the twentieth century is comprised of individuals over the age of 60 years. Social Security provides a base level of income for older Americans that enables most to escape the worst ravages of poverty in their old age. The Medicare program assures that most older Americans will receive adequate health care at a relatively modest cost in their old age. What American society has not done for the elderly segment of its population, however, is to assure that older Americans will have a safe and affordable place to live in their old age.

The continual increases in the cost of housing placed severe financial strains on a growing proportion of the elderly segment of the American population. Government is hard pressed to deal with the elderly housing problem because of massive budget deficits at both the federal and state levels. The private sector has also been inhibited from dealing effectively with the problem of housing for the elderly because of governmental restriction on the characteristics of such housing, and because of the limi

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s. The price system within a free market economy is expected to address problems of scarcity, by restricting the ability to purchase. Thus, prices are an informal form of rationing in a free market economy. There is a distinction between absolute scarcity and relative scarcity. Relative scarcity is the type most often encountered. It is relatively easily comprehended that growth control legislation distorts several economic processes related to land values and land uses. Although it is somewhat less clear, it is equally true that infrastructure development activities on the part of government distort the same economic processes in much the same ways. Environmental Impact Environmental impact statements are required in the United States before projects which might harm the environment are permitted to proceed. In all too many instances, however, the conclusions of such impact statements are influenced as much or more by economic factors as they are by environmental factors (Freudenberg, 1984, p. 21). In recent years, the concept of economic externalities has, more often than not, been applied to activities involving some sort of adverse environmental impact, such as smoke from a factory, odors from a packing plant, or
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Some common words found in the essay are:
Graves Knapp, B4 Restrictions, Reagan Administration, Congressional Quarterly, Milton Friedman, Hodgetts Thompson, Estate Real, Urban Economics, County California, Impact Environmental, 1988 pp, federal housing, tulare county, reagan administration, 1988 pp 18, congressional quarterly, pp 18, knapp 1988 pp, growth control, free market, graves knapp, knapp 1988, graves knapp 1988, congressional quarterly 1986, 1988 pp 132134,
Approximate Word count = 9924
Approximate Pages = 40 (250 words per page)