WSJ slams California energy efficiency standards. Will they cause a middle-class exodus?
The Wall Street Journal has criticized California's new energy efficiency standards for homes.
In an editorial, the newspaper claimed that "California's politicians now so worship the sun and wind that they have made economic growth, job creation and now housing affordability an afterthought."
According to the Journal's calculations, the new standards will increase the average construction cost of a new home by $2300. "This is a full employment act for building inspectors, not builders," said the Journal.
The WSJ editorial (link requires registration) concluded by quoting demographer Joel Kotkin, who claims California is becoming a state "mainly for the rich, who don't care about such costs, and the poor who depend on the government. Middle-class families who can do so are moving out."
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