Zoning and the Housing Bubble

http://www.futureofcapitalism.com/2010/04/zoning-and-the-housing-bubble

The New York Times's Nobel laureate columnist, Paul Krugman, just might be making some sense: "the housing bubble was a geographically uneven affair. Basically, prices rose sharply only where zoning restrictions and other factors limited the construction of new houses."

The way I read that, he's not saying zoning is good because it raises property values, he's saying it's bad because it artificially inflates them.

Maybe they should give him a column in Reason magazine.

by Ira Stoll  |  Apr 12, 2010 at 11:37 am Related Topics:  Housing receive the latest by email: subscribe to the free futureofcapitalism.com mailing list