Cedar Rapids applies a lesson of Economics 101
In order to help repopulate parts of down emptied by the floods of 2008, the city is offering what they say will be $35,000 in incentives for people to build new homes in places where the old ones were razed. The incentives include a free lot and 25% of the down payment on a new house. There's no doubt that's going to attract some buyers -- instant equity has a way of doing that -- but this is the third round of incentives being distributed by the city, and they're all targeting roughly the same price range of homes, so there could be a glut of those houses on the market as a result.
It's official: Iowa's going to lose another US House seat
Taking the state from five to four, for a loss of 20% of our influence in the House. That's just really awful news. We'd be much better off in a system where the House contained ten times as many members as it does now, so that a reapportionment like the one that will go into effect in 2012 wouldn't hurt us so badly.