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An Australian perspective: https://www.abc.net.au/news/2020-01-20/bigger-house-price-fall-would-have-been-better-ian-macfarlane/11876758 https://www.abc.net.au/

• sien 7y ago
  The RBA wrote a paper on the effect of zoning in Australia that is also worth a read : https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-03.pdf https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-03.... It uses the approach from here: https://www.nber.org/papers/w8835 https://www.nber.org/papers/w8835