Local Regulations And Housing Affordability

Anthony Downs speaks at MIT on the impact of government regulations on affordable housing.

1 minute read

November 2, 2002, 5:00 AM PST

By Chris Steins @planetizen


"I believe a majority of suburban governments deliberately pass regulations aimed at maintaining or raising housing prices within their jurisdictions because they are politically dominated by homeowners, who want to maximize the market values of their homes... Therefore, as long as we leave full regulatory power over housing planning and construction in the hands of local governments, there is no realistic chance that housing costs can be reduced by changing regulations that increase those costs."

Thanks to Kurt Sommer

Friday, November 1, 2002 in AnthonyDowns.Com

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