Full Citation

Title: Local Land Use Regulation and Housing Prices: How Relative Restrictiveness and Income Matter

Citation Type: Miscellaneous

Publication Year: 2019

ISBN:

ISSN:

DOI: 10.2139/ssrn.3363947

NSFID:

PMCID:

PMID:

Abstract: Local land use regulation may restrict housing supply, with more stringent regulation associated with higher local housing prices, as demonstrated by the empirical literature. Nonetheless, demand spillover to surrounding communities, may moderate local house price increases. We develop and test a model for how spillovers affect local price outcomes. Using data for California, we show that relative income and relative restrictiveness matter for the impact of local regulation on local housing prices.

Url: https://papers.ssrn.com/sol3/Papers.cfm?abstract_id=3363947

User Submitted?: No

Authors: Lin, Desen; Wachter, Susan, M

Publisher: University of Pennsylvania

Data Collections: IPUMS USA

Topics: Housing and Segregation, Land Use/Urban Organization

Countries: United States