[PDF] The Effects Of Density Regulation On Metropolitan Housing Markets eBook

Author : Jonathan T. Rothwell
Publisher :
Page : 47 pages
File Size : 34,11 MB
Release : 2012
Category :
ISBN :

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Though local land regulations have been studied extensively, few papers have studies how these regulations affect metropolitan markets, and of these, very few have been able to identify specific policies that drive the results. Instead scholars have relied on composite indexes, which are empirically noisy and generally taken as exogenous. The primary contribution of this paper is to use uniquely comprehensive survey data and multiple sources of information to clarify which regulations are the most important. Furthermore, a theoretical model of zoning is sketched, modeling it as a function of historic rural settlement patterns in order to limit taxation. Empirical evidence supports the theory on zoning's origins and allows zoning to endogenously affect housing markets. The results of both this technique and simple OLS regressions suggest that roughly 20% of the variation in metropolitan housing growth can be explained through density regulations, and this result is remarkably robust to an alternative measurements and assumptions about other land regulations. The results further show that anti-density regulation inflates prices in the face of demand shocks.

Author : Ramakrishna Nallathiga
Publisher : LAP Lambert Academic Publishing
Page : 52 pages
File Size : 27,29 MB
Release : 2012-06
Category :
ISBN : 9783659132520

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This publication is perhaps the first one to document the impact of density regulation (a class of development regulations) on urban land and housing markets. It provides insights of land use regulation impacts in general and development density regulation impacts in particular. It is useful to policy makers, planners, academicians and professionals concerned with urban policy and planning. It will be a more valuable reading material to those concerned with cities, land use planning and land markets in developing countries.

Author :
Publisher :
Page : 160 pages
File Size : 15,55 MB
Release : 1998
Category : City planning and redevelopment law
ISBN :

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This four-part report is the first in a series of studies that address Twin Cities regional dynamics, using an integrated mix of statistical and cartographic analyses. The report examines the land use/transportation dynamic and its influence on metropolitan development in postwar U.S.; changes in housing supply, housing demand, and residential price movements between 1970 and 1990 in minor civil divisions (MCDs) within the seven-county metropolitan area and adjacent counties; a classification of state and local regulations that promote low-density development on the built-up metropolitan edge and beyond and that raise obstacles to cost-effective redevelopment in older settled areas near the cores of Minnesota's major urban centers; the changing profiles of taxation, intergovernmental revenue transfers, and expenditures by function for counties and MCDs within the Twin Cities region. Findings include the following: During the post-World War II era, the growth in vehicle miles traveled on the Twin Cities metropolitan highway system has significantly out paced growth in population; As income relocates outward from the metropolitan core, the demand for transportation increases on the edges; Sectoral housing market dynamics have contributed to outward expansion at lower densities; Low-density development often occurs because zoning regulations encourage or actively promote it; The regulatory framework that encourages low-density development and contributes to urban sprawl on the metropolitan edge also inhibits the development of affordable housing.

Author : Nicole Gurran
Publisher : Springer
Page : 449 pages
File Size : 16,78 MB
Release : 2017-05-31
Category : Political Science
ISBN : 1137464038

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This book re-examines the role of urban policy and planning in relation to the housing market in an era of global uncertainty and change. The relationship between planning and the housing market is a contested problem across research, policy, and practice. Problems with housing supply and affordability in many nations have been linked to planning system constraints, while the global financial crisis has raised new questions about the role of urban planning regulation and processes in responding to housing market trends. With reference to international cases from the United Kingdom, the United States, Ireland, Hong Kong and Australia, the book examines how different systems of urban planning and governance address complex and dynamic housing market trends. It also offers practical guidance on how urban planning can support an efficient supply of appropriate and affordable homes in preferred locations. A detailed study, which explains and decodes the workings of the planning system and housing market, this book will be of particular interest to scholars of human geography and urban planning, as well as housing policy makers and practitioners. To view Nicole Gurran’s related TEDx talk please visit: Housing Crisis? How about housing solutions. TEDx Sydney 2018 (http://bit.ly/2psfpMw)

Author : William A. Fischel
Publisher :
Page : 416 pages
File Size : 25,28 MB
Release : 2015
Category : Electronic books
ISBN : 9781558442887

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"Zoning has for a century enabled cities to chart their own course. It is a useful and popular institution, enabling homeowners to protect their main investment and provide safe neighborhoods. As home values have soared in recent years, however, this protection has accelerated to the degree that new housing development has become unreasonably difficult and costly. The widespread Not In My Backyard (NIMBY) syndrome is driven by voters’ excessive concern about their home values and creates barriers to growth that reach beyond individual communities. The barriers contribute to suburban sprawl, entrench income and racial segregation, retard regional immigration to the most productive cities, add to national wealth inequality, and slow the growth of the American economy. Some state, federal, and judicial interventions to control local zoning have done more harm than good. More effective approaches would moderate voters’ demand for local-land use regulation—by, for example, curtailing federal tax subsidies to owner-occupied housing"--Publisher's description.

Author : William A. Fischel
Publisher : Harvard University Press
Page : 362 pages
File Size : 24,85 MB
Release : 2009-07-01
Category : Law
ISBN : 9780674036901

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Just as investors want the companies they hold equity in to do well, homeowners have a financial interest in the success of their communities. If neighborhood schools are good, if property taxes and crime rates are low, then the value of the homeowner’s principal asset—his home—will rise. Thus, as William Fischel shows, homeowners become watchful citizens of local government, not merely to improve their quality of life, but also to counteract the risk to their largest asset, a risk that cannot be diversified. Meanwhile, their vigilance promotes a municipal governance that provides services more efficiently than do the state or national government. Fischel has coined the portmanteau word “homevoter” to crystallize the connection between homeownership and political involvement. The link neatly explains several vexing puzzles, such as why displacement of local taxation by state funds reduces school quality and why local governments are more likely to be efficient providers of environmental amenities. The Homevoter Hypothesis thereby makes a strong case for decentralization of the fiscal and regulatory functions of government.

Author : Rob Nijskens
Publisher : Springer
Page : 220 pages
File Size : 18,14 MB
Release : 2019-06-14
Category : Business & Economics
ISBN : 3030116743

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This open access book discusses booming housing markets in cities around the globe, and the resulting challenges for policymakers and central banks. Cities are booming everywhere, leading to a growing demand for urban housing. In many cities this demand is out-pacing supply, which causes house prices to soar and increases the pressure on rental markets. These developments are posing major challenges for policymakers, central banks and other authorities responsible for ensuring financial stability, and economic well-being in general.This volume collects views from high-level policymakers and researchers, providing essential insights into these challenges, their impact on society, the economy and financial stability, and possible policy responses. The respective chapters address issues such as the popularity of cities, the question of a credit-fueled housing bubble, the role of housing supply frictions and potential policy solutions. Given its scope, the book offers a revealing read and valuable guide for everyone involved in practical policymaking for housing markets, mortgage credit and financial stability.

Author : Jonathan Levine
Publisher : Routledge
Page : 234 pages
File Size : 10,96 MB
Release : 2010-09-30
Category : Political Science
ISBN : 1136526684

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Researchers have responded to urban sprawl, congestion, and pollution by assessing alternatives such as smart growth, new urbanism, and transit-oriented development. Underlying this has been the presumption that, for these options to be given serious consideration as part of policy reform, science has to prove that they will reduce auto use and increase transit, walking, and other physical activity. Zoned Out forcefully argues that the debate about transportation and land-use planning in the United States has been distorted by a myth?the myth that urban sprawl is the result of a free market. According to this myth, low-density, auto-dependent development dominates U.S. metropolitan areas because that is what Americans prefer. Jonathan Levine confronts the free market myth by pointing out that land development is already one of the most regulated sectors of the U.S. economy. Noting that local governments use their regulatory powers to lower densities, segregate different types of land uses, and mandate large roadways and parking lots, he argues that the design template for urban sprawl is written into the land-use regulations of thousands of municipalities nationwide. These regulations and the skewed thinking that underlies current debate mean that policy innovation, market forces, and the compact-development alternatives they might produce are often 'zoned out' of metropolitan areas. In debunking the market myth, Levine articulates an important paradigm shift. Where people believe that current land-use development is governed by a free-market, any proposal for policy reform is seen as a market intervention and a limitation on consumer choice, and any proposal carries a high burden of scientific proof that it will be effective. By reorienting the debate, Levine shows that the burden of scientific proof that was the lynchpin of transportation and land-use debates has been misassigned, and that, far from impeding market forces or limiting consumer choice, policy reform that removes regulatory obstacles would enhance both. A groundbreaking work in urban planning, transportation and land-use policy, Zoned Out challenges a policy environment in which scientific uncertainty is used to reinforce the status quo of sprawl and its negative consequences for people and their communities.