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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Elroy Jetson who wrote (62664)4/24/2005 6:59:36 PM
From: Moominoid  Read Replies (1) | Respond to 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?



To: Elroy Jetson who wrote (62664)4/25/2005 3:10:21 AM
From: Maurice Winn  Read Replies (2) | Respond to of 74559
 
Easy money in California. See what Thomas Sowell thinks about property prices in San Mateo
jewishworldreview.com

< can assure you that the following statement is completely false.

. . . Research shows that planning regulations push housing prices up as would be expected (no free lunches).
>

The absurd megalomaniac town planners cause high demand and high prices.

Those who can't afford to live there have to pay the price of long, crowded and expensive commuting.

Mqurice