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>What these type of pieces never discuss is how much they think rents will be brought down by upzoning. Sure they do. In an unconstrained market, prices will d
by rory096 7y ago
>What these type of pieces never discuss is how much they think rents will be brought down by upzoning.
Sure they do. In an unconstrained market, prices will decline to the marginal cost of building one more unit. See Glaeser & Gyourko (2002): https://www.nber.org/papers/w8835.pdf https://www.nber.org/papers/w8835.pdf