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by ItsDeathball 2708 days ago
Part of the argument in the article, I think, is that cities are only relaxing zoning restrictions in a limited area, in their dense urban cores. If the entire city is under a high level of demand, but the ability to meet that demand is concentrated only on a small area where zoning has been liberalized, then that leads to a situation where reducing zoning (in a small area) leads to increased concentration of wealth.

If the entire urban area were allowed to incrementally and organically build to market demand, then land value would not be so concentrated in the core.

1 comments

> , is that cities are only relaxing zoning restrictions in a limited area, in their dense urban cores.

That's also a thing too, but I'm referring to the trend of cities to remove zoning city-wide, all at once.