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by anemoiac
539 days ago
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Zoning is a scapegoat that allows us to avoid thinking critically about the "fuzzier" complexities behind housing prices. Of course it may be a primary driver of rising prices in some areas, but I think it's simple-minded to assume (and misleading to claim) that zoning is the cause of high prices in general. |
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Why? Almost all the evidence points to this. And it makes intuitive sense. Take builder financing costs and add 2 years of reviews (super optimistic!) and you’ve added tens if not hundreds of thousands of dollars to the cost per unit.
> it may be a primary driver of rising prices in some areas
Value or population weight your data. Nobody is complaining about a housing shortage in rural New Mexico.