Are Zoning Laws Causing Real Estate Bubble?

Maybe zoning laws are causing the real-estate bubble.

1 minute read

August 1, 2005, 8:00 AM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech

"Housing prices have to make sense on both the demand side and the supply side...

The great mystery is on the supply side. 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."

Thanks to Nathan Bush

FULL STORY: Is Housing Too Expensive? Blame the Government

Friday, July 29, 2005 in Slate

Housing New York

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