3 ms·
Is there an example where upzoning has resulted in reduced housing prices?
by LastTrain 1y ago
Is there an example where upzoning has resulted in reduced housing prices?
- softwaredoug 1y agoYes there is. It’s one of many factors. I did a deep dive years ago before wanting to support the issue locally IE: The Impact of Zoning on Housing Affordability https://www.nber.org/papers/w8835 https://www.nber.org/papers/w8835 > we argue that high prices have little to do with conventional models with a free market for land. Instead, our evidence suggests that zoning and other land use controls, play the dominant role in making housing expensive.
- grafmax 1y ago> an example where upzoning has resulted in reduced housing prices I found an argument in your paper but no such examples.
- LastTrain 1y agoI’ve not been able to find any, which is not to say there aren’t any, but when you have these conversations the inevitable result is getting called a NIMBY so I tend to abandon them early.
- pgwhalen 1y agoYes, here's an episode of a podcast with the authors of such a paper. https://www.lewis.ucla.edu/2024/12/11/83-local-effects-of-upzoning-with-elena-lutz-and-simon-buchler/ https://www.lewis.ucla.edu/2024/12/11/83-local-effects-of-up...
- LastTrain 1y agoThanks. Zurich. I don’t think even the authors would call this a slam dunk, and they cite it as the best available example. I do appreciate that they rightly call out that upzoning will cause movements in the population and the potential benefits will take decades to materialize.
- pgwhalen 1y agoI’m not sure what “slam dunk” means in this context, but they do note how clear the effect is, even if it does unfortunately take 5-10 years before it shows.
- grafmax 1y agoIt looks like rent stayed the same there. It didn’t decrease.