Sandy Ikeda and Emily Washington of George Mason University’s Mercatus Center published a new paper yesterday looking at how zoning regulations, like minimum lot sizes, minimum parking requirements, inclusionary zoning and urban growth boundaries restrict the supply of housing, driving up its cost.
In the introduction, they write:
Despite the economic opportunities afforded by places such as New York and San Francisco, many such cities are not experiencing the population growth one would expect to see because regulations make it difficult to expand building in coastal cities. Rather than moving to where the best opportunities are, people are moving to where new housing is abundant, such as the rapidly growing Sun Belt cities of Houston and Atlanta. As Ryan Avent explains in The Gated City, “America has made its most productive locations ever less accessible. The best opportunities are found in one place, and for some reason most Americans are…
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