alt Hacker NewsHousing being expensive because of laws and zoning that constrain it's supply is often touted, but there is good academic research that that isn't the case. https://www.dropbox.com/scl/fi/zfsw4iotsn3nqs8vhu8kb/LMW-FAQ...
Housing being expensive because of laws and zoning that constrain it's supply is often touted, but there is good academic research that that isn't the case. https://www.dropbox.com/scl/fi/zfsw4iotsn3nqs8vhu8kb/LMW-FAQ...
That's not the academic consensus. It's a non-peer-reviewed working paper that contradicts the academic consensus.
The authors are clear about this:
"The standard view of housing markets holds that differences in the flexibility of local housing supply - shaped by factors like geography and regulation - explain differences in how house price and quantity growth respond to rising demand across U.S. cities... Our conclusions challenge the prevailing view of local housing and labor markets"
https://www.nber.org/system/files/working_papers/w33576/w335...
edit: I do think it's a good paper!