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> Surely this is a side effect of something else. I recommend the writings of Prof. William Fischel (author of Zoning Rules![0]) to answer this question-- he u
by bufordsharkley 10y ago
> Surely this is a side effect of something else.
I recommend the writings of Prof. William Fischel (author of Zoning Rules![0]) to answer this question-- he uses a Coasian approach to identify that restrictive/exclusionary zoning policy is a rational response by homeowners when they are given undue entitlements.
One entitlement that's especially relevant is low property taxes (Prop 13 in California/Measure 5 in Oregon)-- this drives up housing prices and incentivizes homeowners to hold on to housing stock and resist the increase of housing stock elsewhere in their community.
[0] https://www.amazon.com/Zoning-Rules-Economics-Land-Regulation/dp/155844288X https://www.amazon.com/Zoning-Rules-Economics-Land-Regulatio...
- internaut 10y ago> I recommend the writings of Prof. William Fischel (author of Zoning Rules![0]) to answer this question-- he uses a Coasian approach to identify that restrictive/exclusionary zoning policy is a rational response by homeowners when they are given undue entitlements. Very interesting, thank you. > It's important to remember that the rise of the automobile happened over this same period, which raised the level of marginal land (and delayed conflict over overpopulation, for at least a few generations). A good point. I expect self driving to extend such an effect.