I really enjoyed a recent letter from Steven Jones, “Utah must stop prioritizing economic growth over its own people.”
For years, our heads of state have encouraged new businesses to locate in our desert state, creating the best economy in the country, but our developers cannot meet the housing needs. And our desert state’s limited water supply is at risk. It was obvious that the rate of business growth would eventually cause our current problems. But the solution is simple: our legislature needs to stop offering financial incentives to new businesses so they can grow more naturally.
In a Deseret News article “Rent control? Let the free market be? What Utahns want to do about wild housing prices,” Utah Senate Speaker Stuart Adams, R-Layton, a member of a real estate and construction society, said of the complex housing issue. “The reason we have so many different answers is because it’s such a difficult and complex problem, and there doesn’t seem to be an obvious solution. If there was, we probably would have done it a long time ago.
This morning I was listening to a radio interview with Governor Spencer Cox where he expressed his pride in Utah, the fastest growing state with the #1 economy in the nation.
It’s too late to reverse what has already been done, but it’s not too late for our legislature to stop enticing new businesses to come here.