Red Tape and Housing prices
August 5, 2005 · By Bill Austin
A study on the relationship between zoning rules and housing prices.
Red tape and house prices
Steven Landsburg’s latest Slate column is based on work by Ed Glaeser and Joe Gyourko.
Instead of the traditional formula “housing price equals land price + construction costs + reasonable profit,” we seem to be seeing something more like “housing price equals land price + constructions costs plus reasonable profit + mystery component.” And, most interestingly, the mystery component varies a lot from city to city.
Marginal Revolution: Red tape and house prices
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