Thursday, April 20, 2006

The New and Private Neighborhood

Reason reports:
Local government has been increasingly privatized since the 1960s. I don’t mean government services; I mean government itself. In 1965 less than 1 percent of all Americans lived in a private community association. By 2005, 18 percent—about 55 million people—lived within a homeowners association, a condominium, or a cooperative. Since 1980 about a half of all new housing units in the U.S. have been built within such associations; in California, the figure now is at least 60 percent. Such communities can be as small as a single building or as large as an entire city, but they’re often about the size of a neighborhood.
Property rights and contracts,who needs government?