ruminations about architecture and design

Sunday, April 30, 2017

regulations and housing costs

Ed Glaeser has done a considerable amount of research on the impact of local rules on land use and real estate costs. His conclusion is simple: Zoning determines property values. A group of wealthy communities with restrictive building covenants acts as a planning body for a metropolitan region. Fewer regulations, like in the American South, result in lower housing costs.

This theme is an old one at towers of ilium, but it bears repeating.

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