Published: 2005 | Raven Saks, Joseph Gyourko, and Edward Glaeser | The Journal of Law and Economics Abstract In Manhattan, housing prices have soared since the 1990s. Although rising incomes, lower interest rates, and other factors can explain the demand…
Regulation and the High Cost of Housing in California
Published: 2005 | John Quigley and Steven Raphael | American Economic Association Abstract In this paper, we explore the linkages between land-use regulations, growth in the housing stock, and housing prices in California cities. First, we assess whether housing is…