Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Elroy Jetson who wrote (62664)	4/24/2005 6:59:36 PM
From: Moominoid	Read Replies (1) of 74559

Check out: Edward Glaeser and his research on this issue. Development fees, and other costs imposed by land use regulations, reduce the price land owners receive when they sell their land. This is well documented. That makes sense. But if some land is zoned for development and the rest is not and land for development is scarcer, shouldn't the price of the development land be higher than would otherwise be the case?

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