As I discussed in Parts 1 and 2, much of the existing literature on home price fluctuations from 2002 to 2010 has focused on a small part of the puzzle - ignoring the difference between Dallas and Los Angeles and focusing on the differences of home price behavior within each city.
Thanks Kevin. I wanted to bring up some recent news from Boston that has correlation to your research with respect to inclusionary zoning. Mayor Michelle We has announced plans to compel developers of multi-family projects to increase the percentage of income restricted units from 13% to 20%. I doubt this will have any meaningful impact on housing affordability, particularly since I wasn't able to find any mention of significant upzoning proposed in the plan. So it goes.
Yeah. I think the price/income slope can help thinking about this. Systematic affordability comes from a flat line, which comes from building anything at all at a higher pace. Many attempted solutions just make the line steeper and rearrange the dots.
Thanks Kevin. I wanted to bring up some recent news from Boston that has correlation to your research with respect to inclusionary zoning. Mayor Michelle We has announced plans to compel developers of multi-family projects to increase the percentage of income restricted units from 13% to 20%. I doubt this will have any meaningful impact on housing affordability, particularly since I wasn't able to find any mention of significant upzoning proposed in the plan. So it goes.
Yeah. I think the price/income slope can help thinking about this. Systematic affordability comes from a flat line, which comes from building anything at all at a higher pace. Many attempted solutions just make the line steeper and rearrange the dots.